News

Uber Eats and Visa support greener packaging

Tuesday 17 January 2023 09:03 CET | News

Visa and Uber Eats have pledged USD 1 million to restaurants in New York, Los Angeles, London, Paris, and Madrid to be used towards green and sustainable packaging.

 

Uber and Visa have launched this new initiative in Davos, Switzerland, where the companies are highlighting impact from their shared 2022 Grants for Growth programme that has supported US small business owners still recovering from the pandemic and other unexpected events. Merchants received microgrants of USD 10,000, used for payroll, paying outstanding debt to vendors, upgrading payment technology infrastructure, and other immediate operational costs.

Visa and Uber Eats have pledged USD 1 million to restaurants in New York, Los Angeles, London, Paris, and Madrid to be used towards green and sustainable packaging.

Plans for a greener future

A 2022 study by the US National Restaurant Association indicates that while the transition to sustainable packaging is a priority to many restaurants, the cost—and continued supply chain issues faced by the hospitality industry—make it difficult. It's the hope of Uber Eats and Visa that this new programme is a small step in a positive direction for small business owners. Details of the new partnership, including how restaurants can qualify and apply for funding will be shared in the coming months.

In 2020, Uber made the ambitious commitment to be a zero-emission mobility platform by 2040. Visa has committed to net-zero emissions by 2040, and in 2020 achieved carbon neutrality and transitioned to 100% renewable electricity across its operations. 

Officials from Uber said that building on the success of their shared support for small and medium-sized businesses, they’re happy to be sharing efforts with Visa towards how they can help restaurant owners reduce packaging waste and contribute to the fight against climate change. Single-use packaging is used in nearly every takeout order worldwide. With Visa and their restaurant partners they can work towards reducing waste and helping small businesses thrive.

Also commenting on this development, Visa’s representatives noted that with consumers continuing to express desires to live more sustainably, businesses across sectors have an opportunity to adopt more sustainable practices to meet this demand. Visa is excited to expand on its partnership with Uber Eats to help small businesses to not be left out of the sustainable business transformations this moment requires.


Source: Link


Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: Visa, Uber, partnership, carbon footprint, green finance
Categories: Payments & Commerce
Companies: Uber, Visa
Countries: France, Spain, United Kingdom, United States
This article is part of category

Payments & Commerce

Uber

|

Visa

|
Discover all the Company news on Uber and other articles related to Uber in The Paypers News, Reports, and insights on the payments and fintech industry: