Vancity will offer a tool to track the carbon footprint of its Visa credit cards

VANCOUVER – Vancity is announcing the launch of a program that will allow its Visa credit card holders to track the estimated carbon emissions of their purchases.

The Vancouver-based credit union says all Vancity Visa credit cardholders will be offered the data, which will also include comparing their nationwide spending emissions and which purchases have the highest environmental cost. raised.

Vancity says it is partnering with ecolytiq, a German climate-focused fintech, to offer the Carbon Calculator.

The credit union says it will be the first to offer a Visa-based carbon footprint calculator in Canada when the program becomes available in the new year.

Mastercard last year announced a carbon calculator that banks could deploy for customers, but did not immediately respond to clarify whether any Canadian banks currently offer its calculator.

The Mastercard option was rolled out in collaboration with Doconomy, a Swedish fintech which in 2019 launched a credit card with a carbon footprint limit.

This report from The Canadian Press was first published on October 19, 2022.

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