Mastercard has issued a $600m sustainability bond for investors, and will use the proceeds to cut carbon, support environmental choices for customers, and foster inclusive growth.

The 10-year bond will pay interest semi-annually at a fixed rate of 1.90%, and has been approved by Sustainalytics, which rates the sustainability of companies based on their ESG performance.

CEO, Michael Miebach, said: "Our sustainability bond will support both social and green initiatives to drive inclusive and sustainable growth for our company and communities around the world.”