Mastercard launches new Sustainability Innovation Lab in Stockholm

21 / 09 / 2021

By Marwa Nassar - -

Mastercard announced the launch of its new Sustainability Innovation Lab in Stockholm, which will spearhead the further development of the company’s portfolio of environmentally conscious digital products and solutions.

The Lab will focus on ways to empower businesses and consumers to transform how they produce, distribute and purchase products and services, ensuring both people and the planet can thrive as the global economy rapidly digitizes.

In support of the EU Green Deal, Mastercard selected Stockholm, Sweden as the home of the global Lab – a location that has long been at the forefront of sustainable innovation, with strong consumer, political and business commitment to transitioning to a green economy.

“Fostering innovative solutions with practical applications is urgently needed to achieve global climate change goals,” says Kristina Kloberdanz, Chief Sustainability Officer, Mastercard. “As we continue to build a more sustainable digital economy, the Sustainability Innovation Lab will enable us to co-create a robust portfolio of environmentally friendly solutions, uniting everyone – businesses and consumers alike – in climate action.”

Recognizing that consumption will have to shift to a more sustainable paradigm in order to meet global carbon reduction targets, Mastercard is reimagining the future of commerce by collaborating on digital solutions designed to empower businesses, governments and billions of consumers across its network to help preserve the environment.

The Lab will focus specifically on solutions that enable sustainable spending, as more consumers want to take action for the environment, as well as increase visibility and traceability across value chains for producing products that have a positive impact on both people and the planet.