Doconomy and Mastercard launch CO2 footprint tracking mobile banking service

By Andrew Woods
Today, Swedish fintech startup Doconomy, in partnership with Mastercard, announced the launch of it...

Today, Swedish fintech startup Doconomy, in partnership with Mastercard, announced the launch of its new mobile banking service: DO. The service, which is free and designed for ease of use, helps users track, understand and take steps to reduce their carbon footprint through carbon offsetting.

The DO service helps users guide their everyday purchasing habits towards more sustainable choices, including UN-certified projects. The service also offers guidance to allow investment in funds that have positive environmental and social impact.

“Together with Doconomy we can engage consumers, retailers and businesses in the fight against climate change. This collaboration is an important part of our focus on sustainability, and this innovative solution offers people a simple way to take responsibility for their carbon footprint, based on what they consume,” commented Mark Barnett, Divisional President of Mastercard UK, Ireland, Nordic and Baltics.

SEE ALSO: 

Along with the mobile service, DO users can also sign up for a physical card. Made from recycled pollution (Air Ink) and without a magnetic strip, the biodegradable card is being hailed as the first of its kind.

“DO represents a new and interesting way of bringing climate action directly to the consumer, which is one of our strategic objectives in our work on Global Climate Action,” says Niclas Svenningsen, Manager, Global Climate Action at UNFCCC.

The application is scheduled to launch in April and is currently accepting early applications.

 

Share
Share

Featured Articles

Alfa Laval to supply world’s largest green hydrogen plant

The facility is being built in NEOM, the US$500bn futuristic city being developed in Saudi Arabia

COP27 agrees to climate compensation fund

The deal is said to be a historic first in acknowledging the vast inequities of the climate crisis

North America's natural gas can help mitigate energy crisis

In the effort towards decarbonisation, North America could be a key player in providing affordable natural gas, addressing energy security issues

COP27: Egypt and Norway to build 100MW green hydrogen plant

Renewable Energy

Renewable energy company Masdar opens office in Saudi Arabia

Renewable Energy

Ørsted closes US$140m transaction with ECP for US portfolio

Renewable Energy