Visa backs carbon footprint feature for German online banking

Hamburg-based challenger bank Tomorrow has introduced a new feature within its banking app that shows customers carbon emission calculations alongside bank transactions.

The data will be based on each purchase made with a Visa card.

Tomorrow is the first bank in Germany to integrate ecolytiq’s sustainability tech into its platform.

“Visa is committed to an inclusive, sustainable, and equitable future,” said Douglas Sabo, chief sustainability officer, Visa. “We are proud to launch a CO2 footprinting feature in Europe in collaboration with ecolytiq and Tomorrow."

Sabo added: “This is a great example of how as a ‘network of network’ we can empower consumers to understand their environmental impact, providing them with the tools to make more informed and environmentally conscious decisions.”

Tomorrow co-founder Inas Nureldin, said: “CO2 footprinting is a milestone in all things transparency and education. We are thereby shedding light on the real costs transactions can have on our planet by making our customers aware of the impact of their consumption habits and, as a result, fostering behavioural change.”

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