The personal CO2 footprint, i.e. the amount of greenhouse gases each person produces through their behaviour and consumption, has become an important parameter when it comes to making your own lifestyle more sustainable. Clients of Swiss sustainability bank radicant now have it easier: their banking app now shows the CO2 footprint of their transactions, from online shopping to visiting a petrol station and overnight stays at a hotel. An overview summarizes the emissions from different areas of life and provides information about your own behaviour in comparison with the 2-degree target of the Paris climate agreement.
"The goal of radicant is not only to help our customers to invest sustainably, but also to support them in their everyday life through our banking offer, to gain insights into their lifestyle," says Rouven Leuener, Co-CEO of radicant.
Cooperation with Contovista and Deedster
The CO2 tracker is a module of the "Personal Finance Manager", a digital financial assistant developed by Swiss fintech Contovista, which is part of the radicant app. "We are firmly convinced that every change and improvement begins with being able to transparently record and understand the current situation," says Claudia Dietschi, Head of Sales and Customer Success at Contovista. "With the Carbon Footprint Manager, we attach great importance to clearly presenting the individual ecological footprint of each user and making it easy to understand."
The basis for the CO2 calculations is Swiss climate data provided by Contovista's partner Deedster, a leading Swedish specialist for sustainability data. More than 90 data sources and methods are used for the individual calculations. “Together we can empower individuals to take action on climate change and make sustainable lifestyles more accessible and appealing to all,” says Niclas Persson, CEO of Deedster.
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