Standard Chartered bank has teamed up with Swedish firm Doconomy to introduce a carbon tracker.
In Brief:
Doconomy will help provide a digital tool to track both carbon emissions and water consumption.
It will measure these on goods bought with customers’ cards.
It uses the Åland Index to calculate carbon and water footprints of purchases.
What does this mean?
Many consumers want to minimise their impact on the environment, but consumption can be a very grey area when it’s unclear how products we buy are made or where they come from. With the new tool Standard Chartered customers will be able to view their impact on the bank’s app, compare purchases, and consider how they could improve.
