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10% increase in NatWest customers using Cogo data to manage their carbon footprint

The number of NatWest customers accessing Cogo’s carbon impact data through their banking app has increased by 10%, according to the NatWest 2022 annual report. The number today stands at 334,50.

Banks have an opportunity to offer more to customers looking for green solutions

Banks have an opportunity to offer more to customers looking for green solutions. New research has found that nearly 8 in 10 (75%) UK mobile banking users want to know more about the carbon impact of their spending. The findings indicate that there is an unfulfilled appetite in the UK retail banking market for green banking features and products.

8 in 10 banking customers want to know the carbon impact of their spending

Banks have an opportunity to offer more to customers looking for green solutions Carbon footprint management experts, Cogo, have found that nearly 8 in 10 (75%) of UK mobile banking customers want to know the carbon impact of their spending The research indicates that banks have a 52 million strong retail customer pool interested in green banking features The research highlights that banking rewards with a sustainable focus could be a differentiator for UK banks in a challenging retail banking market One of the key barriers to people accepting help from banks is the lack of transparency about what banks are doing to reduce their own corporate carbon footprints New research has found that nearly 8 in 10 (75%) UK mobile banking users want to know more about the carbon impact of their spending.

Cogo calls on banks at Money 2020 to save customers 90 million tonnes of CO2e in 2023

Cogo, the carbon footprint management expert that partners with banks, has calculated that 90 million tonnes of CO2e could be saved each year if every bank attending Money 2020 implemented carbon footprint features for all customers.

Accounting data must come before climate action

Carbon tracking software could be the key to reducing the carbon footprint of smaller businesses, currently responsible for half of business-driven emissions in the UK.

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