Credit Cards That Count Your Carbon Footprint, Canadian Business Journal
MUSKEM, BC, Squamish, Tuleil Woutus and VANCOUVER, 19 October 2022 (GLOBE NEWSWIRE) — Vancity has taken another step in its commitment to combating climate change. Canada’s first financial institution to provide individual and business members with a way to estimate CO.2 Emissions that come from their purchases.
Starting in the new year, all Vancity Visa credit cardholders will be able to track the estimated carbon footprint of their credit card purchases. Members can see how monthly tallies compare to national averages or see which credit card purchases have the highest environmental cost. It helps you understand your emissions and offers advice on what you can do to reduce your emissions.
Jonathan Fowlie, Chief External Relations Officer at Vancity, which oversees credit union impact and climate, said: Effort. “As a member-owned financial cooperative, we believe it is our job to do the best we can, especially when it comes to the decisions people make with their money. provide valuable information about their purchases, allowing them to connect their daily spending decisions to the changes they want to see in the world.”
Vancity has partnered with ecolytiq, one of Europe’s leading climate technology companies, to offer Canada’s first Visa Carbon Counter. The ecolytiq solution combines climate awareness, education and behavioral nudging in tools for financial institutions.
“We are proud to support the launch of Vancity’s CO.2 Calculator, first time with Canadian Visa card. This is a great example of how we help consumers understand their environmental impact and respect Visa’s commitment to a sustainable future,” said Stacey Madge, Country Manager and President of Visa Canada. I’m here.
Vancity is a value-driven, member-owned cooperative, with many members choosing the bank because of the credit union’s track record and ongoing commitment to the environment. According to a consumer survey by Visa*, 70% of Canadian consumers consider sustainability very important to them and, importantly, more than half of them consider their carbon footprint to be more I hope to understand better. Vancity Carbon Counter makes it possible.
Ulrich Pietsch, co-founder and managing director of ecolytiq, said: “We developed a white label solution to provide financial institutions around the world with an agile and effective way to give their clients the tools to build a better tomorrow. With this increase, Vancity strengthens its role as a leading sustainability innovator in both the Canadian and global banking industries.”
Vancity hopes to not only help members understand the impact of their environmental spending, but also provide insight into options for reducing emissions. Carbon counters don’t just give you a snapshot of your ‘count’, they also give you insights on how to reduce your carbon ‘spending’ and tips for making more sustainable choices.
About Van City
Vancity is a value-based financial cooperative serving the needs of more than 560,000 member owners and their communities, with offices and 54 branches in Metro Vancouver, Fraser Valley, Victoria, Squamish and Alert Bay. Coast Salish and Kwakwakawak. With $33 billion in assets and assets under management, Vancity is Canada’s largest community credit union. Vancity uses its assets to improve the financial well-being of its members while helping develop healthy communities that are socially, economically and environmentally sustainable.
Media contact:
[email protected]
Phone: 778-837-0394
About Ecolytic
ecolytiq’s Sustainability-as-a-Service® solution enables banks, fintech companies and financial service providers to show their customers the environmental impact of their buying behavior in real time. ecolytiq software calculates personal environmental impacts such as CO2 values based on payment transactions. In November 2020, ecolytiq joined the Visa Fintech Partner Connect program to enable banks to seamlessly implement their sustainability strategies using payment data. www.ecolytiq.com
ecolytiq media contact: Yuki Hayashi I ecolytiq GmbH I [email protected]
Phone: +49 30 2201232-80
*Survey conducted by Visa Inc. among 501 Canadians aged 18 and over between August and September 2021.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/2df97af6-bb83-4fdc-8cd5-ea673959641c.
CBJ Newsmaker
Credit Cards That Count Your Carbon Footprint, Canadian Business Journal
Source link Credit Cards That Count Your Carbon Footprint, Canadian Business Journal
