Mastercard rolls out new carbon calculator tool for financial institutions in Kenya and the region
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Mastercard has released its Mastercard Carbon Calculator for Kenya and the wider region. This is amidst the growing trend toward eco-conscious spending and consumption among people who want to pursue more sustainable choices and practices.
Developed in collaboration with the Swedish fintech Doconomy, the Mastercard Carbon Calculator feature provides access to insights and data about environmental impact. It enables consumers to receive a snapshot of the carbon emissions generated by their purchases across spending categories. With this feature, banks and financial institutions can easily adopt and customize the feature for eco-conscious consumers, by integrating the Carbon Calculator into their mobile apps. The integration can be done through new APIs that are available on Mastercard Developers.
Amidst the growing trend toward eco-conscious spending and consumption among people who want to pursue more sustainable choices and practices, Mastercard has released its Mastercard Carbon Calculator for the UAE and the wider region.
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Doconomy,
shows that Swedes’ shopping habits during the pandemic has reduced the CO2 emissions. The carbon footprint from shopping via Mastercard
cards, in the most common consumer categories, decreased by 9 percent in Sweden during 2020 compared to 2019.
A fresh consumer survey also shows 76 percent of the Swedes are willing to change their behaviour to fight climate change and sustainable challenges during 2021.
Consumption insights, powered by Doconomy’s service
Åland Index, show purchases made with a Mastercard card, in the most common consumer categories, in 2020 accounted for approximately 13,9 million tonnes of carbon dioxide equivalents (CO
2e). In 2019, the corresponding figure was 15,3 million tonnes of CO