Carbon footprint: Fight climate change with financial data

01 / 09 / 2021

Through the use of financial data Open Banking gives banks new opportunities to estimate their customers’ carbon footprint. How does it work? Read our case study to learn more about our Green Banking solution.

Close up of the carbon footprint service case study

Customers are more concerned than ever about their carbon footprint and the impact they have on the environment. In many sectors, the adoption of ambitious plans to reduce carbon emissions is underway and financial institutions can play a key role in achieving a climate resilient world. Banks can use a tool to help customers track their carbon footprint. The main objective of this carbon footprint tool is to support lifestyle changes. It sets a carbon budget and helps save money by categorizing the end customer’s consumption. The idea is to help the world be more sustainable and reduce CO2 emissions. However, working out a proper carbon footprint tool and measuring it accurately can be very complex.