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Canadian credit union to track transactions and tie them to carbon footprints

International 1 year ago 313

Vancity has become the first Canadian financial institution to offer a credit card that calculates a user’s carbon footprint. The move is an effort by the credit union to honor its commitment to climate action.

Starting next year, Vancity Visa cardholders will be able to track their estimated carbon emissions from their credit card purchases.

The Carbon Counter will allow Vancity cardholders to compare their monthly carbon footprint to the national average. It will also provide advice on how to reduce the carbon footprint.

“We know many Vancity members are looking for ways to reduce the impact they have on the environment, particularly when it comes to the emissions that cause climate change”, said Jonathan Fowlie, Vancity’s Chief External Relations Officer.

“As a member-owned financial cooperative, we believe it is our job to do everything we can to help, especially when it comes to the decisions people make with their money. This tool will equip Vancity Visa credit cardholders with valuable information on their purchases and enable them to connect their daily spending decisions to the change they want to see in the world”.

The Carbon Counter was developed in collaboration with Ecolytiq, a climate engagement tech company based in Europe....

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