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SuperLife with Darin Olien

How Corporations Can Help Promote Sustainable Consumption | Douglas Sabo, Chief Sustainability Officer at Visa

SuperLife with Darin Olien

Darin Olien

Activism, Motivation, Environment, Education, Self-improvement, Fitness, Wellness, Health, Alternative Health, Health & Fitness

4.8 • 1.4K Ratings

🗓️ 14 June 2023

⏱️ 67 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Did you know there are over 6,000 transactions per SECOND?
That’s a whole lot of consumption going on. Now, can you imagine what a difference it would make if only 1/10 of those purchases were made on sustainable products and brands?
In this episode of The Darin Olien Show, I chat with Douglas Sabo, Chief Sustainability Officer at Visa about their sustainability efforts to diminish the carbon footprint emitted from the consumption propelled by their brand. From developing the Green Bonds Framework to reporting back on their sustainability efforts and partnering with brands that make sustainability accessible for consumers, Visa is working hard to ensure we are moving forward towards a greener planet.
Douglas Sabo is Chief Sustainability Officer at Visa Inc. In this role, Sabo leads the development and oversight of Visa’s global environmental, social, and governance (ESG) efforts, including Visa’s ESG strategy, framework, reporting, and stakeholder engagement. Sabo also leads Visa’s initiatives in environmental sustainability, human rights, and other areas of responsible business. In sustainability, Sabo’s work includes building out Visa’s initiatives in the company’s operations as well as in empowering sustainable living and commerce.
What we discuss:
06:36: Doug’s involvement in Down To Earth
08:36: How did Doug end up at Visa?
14:28: What is Doug most excited about?
18:15: How does sustainability fit into Visa’s efforts?
31:30: What green credit cards does Visa associate with?
35:54: What is the Green Bond framework?
40:34: How important is corporate accountability?
54:09: Where is the next sustainability opportunity?
57:32: What kind of collaboration is happening among industries and brands for sustainability?
Key Takeaways:
  • Oftentimes, corporations are guilty of greenwashing and tricking consumers into believing they’re making a good decision by picking these brands. While the truth tends to come to light at some point, corporate accountability ensures they are doing what they claim to do.
  • Brands and industries must collaborate and cooperate to reduce their emission footprint. While it has started happening, it tends to get very competitive as certain brands compete close to each other. However, cooperating and collaborating in this way allows them to change landscapes and move forward.
  • Moving forward is the antidote to changing towards a better world. While most of our consumption is unsustainable, it doesn’t mean it has to be like that or stay that way. Finding solutions and implementing solutions is the way to move forward toward a greener world.
Find more from Visa:
Find more from Darin:
More links:
Shop Methodology at https://www.gomethodology.com/ and use the code DARIN at checkout.
Learn more about The Dirt Locker® by visiting www.dirtlocker.com
Shop Bite and use code DARIN20 to save 20% on your Bite subscription: https://trybite.com/darin
LIMITED OFFER: Switch up to US Bank Altitude CONNECT Visa Signature card to earn 4X points on travel, and at gas stations and EV charging stations, and 2X points at grocery stores, dining, and streaming services. Get started by visiting USBank.com/AltitudeConnect. (Some restrictions may apply.)

Transcript

Click on a timestamp to play from that location

0:00.0

Did you know that there are over 6,000 transactions going on every second, 6,000 every second?

0:14.8

That's a whole lot of consumption going on.

0:18.4

Now can you imagine what a difference it would make if only one-tenth of those purchases

0:25.1

were made for sustainable, healthy products and brands?

0:30.0

It would be a whole new world.

0:31.8

In this episode of The Dernoline Show, I chat with Douglas Sabo, the chief sustainability

0:37.2

officer at Visa, about their efforts to diminish the carbon footprint emitted from the consumption

0:45.0

propelled by their brand.

0:47.2

They are the intermediator of many of these transactions that go on all around the world.

0:54.6

From developing the green bonds framework, which we'll get into, to reporting back to

1:00.3

their sustainability efforts and partnering with brands that make sustainability accessible

1:06.7

for customers.

1:08.1

Visa is working hard to ensure we are moving forward in a great greener way and for the

1:16.1

planet.

1:17.1

As the chief sustainability officer at Visa Inc, Doug is leading this development and

1:23.1

the oversight of Visa's global environmental, social and how they are governing things in

1:29.5

all of these efforts across the board.

1:32.4

We get into the framework, we get into the reporting, we get into the stakeholder engagement.

1:39.2

These things are important as big companies like Visa is handling this kind of thing.

1:45.9

So also leads Visa's initiatives in environmental sustainability and human rights and other areas

1:54.3

of responsible business.

1:56.0

In sustainability, Sabo's work includes building out Visa's initiatives in the company's operations

...

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