Open Banking platform Tink and sustainability FinTech Cogo have formed a strategic partnership to provide carbon footprint tracking services to banks including NatWest.

The partnership has been officially announced following the launch of an in-app feature for more than 8 million NatWest customers which allows them to see the CO2 emissions associated with their daily spending and offers nudges to help them reduce their climate impact.

The solution uses Cogo’s sustainability data and behavioural science and Tink’s Open Banking and data enrichment technology, to create personalised carbon footprints for customers based on their transaction data.

As part of the offering, customers can also track the impact of their behavioural changes — such as eating less meat, switching energy suppliers or buying secondhand clothes — from within the NatWest banking app.

Tasha Chouhan, UK & IE banking lead at Tink, said: “Most of us recognise that we need to do more to tackle the climate emergency. This has led to renewed pressure on consumers to reduce their daily impact on carbon emissions. But with so many sources, working out your personal carbon footprint is nearly impossible. That’s why people need the tools and the data to inform their decisions and bring clarity to their specific situation.

We’re proud to partner with Cogo to give people control over their own carbon footprint. Not only will this solution make a positive difference, but it can also help banks to win new climate conscious customers.”

Originally founded in NZ as a charity in 2008, Cogo says it is currently working with 7 of the world’s leading banks to provide sustainability tracking solutions to their customers.

Emma Kisby, CEO UK at Cogo, said: “This is a critical decade for climate action, where we need to work collaboratively to find tools and solutions that can help us all understand and reduce our impact on the planet. We have to focus on delivering scale and impact at pace, which is why we are very proud of what we have delivered through this partnership with Natwest and Tink and look forward to delivering more through collaboration in the future.”

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