Global payment technology company Mastercard announced today the appointment of Ellen Jackowski as Chief Sustainability Officer.
Jackowski joins the company after 15 years at HP, most recently serving as Chief Impact Officer and Head of Sustainable Impact. She led the global team overseeing the HP Sustainable Impact strategy, developing and delivering programs focused on climate action, human rights and digital equity.
Mike Froman, Vice Chairman and President of Strategic Growth for Mastercard, said:
“We are excited to welcome Ellen as our new Chief Sustainability Officer. She is widely regarded as a leader and innovator on ESG, and we look forward to her working with partners across the company to take Mastercard to the next level in our ESG efforts.”
Mastercard stated that Jackowski will be instrumental in further integrating its ESG strategy into the organization. The company established its ESG efforts over ten years ago, initially focused on areas including financial inclusion, inclusive growth and data responsibility. In recent years, Mastercard has expanded its initiatives to include environmental sustainability, setting (and subsequently accelerating) a net zero target in 2021, and launching the Priceless Planet Coalition, working with partners to contribute to the goal of restoring 100 million trees by 2025.
Last year, Mastercard unveiled a compensation model for senior executives with incentive pay linked in part to progress towards the company’s ESG priority areas of carbon neutrality, financial inclusion, and gender pay parity, and this year the company tied the achievement of ESG goals to bonus pay for all employees.
Shamina Singh, Founder and President of the Mastercard Center for Inclusive Growth, said:
“We’ve got strong momentum in making ESG a true differentiator – and value driver – for the company. Ellen will be a great addition, helping to expand our efforts as we look at what is most important to our company and where we can deliver the greatest impact on society.”
“I’m a big believer that actions carry much more weight than words. Mastercard has shown over the past several years just how seriously it takes its commitments and the immense impact it can deliver. I’m excited to be joining a team that’s rising to the moment and creating a more just and inclusive world.”