“We’re approaching an irreversible climate crisis,” states Nathalie Green, CEO of Doconomy, a Swedish fintech company. Battling that crisis means combating carbon emissions created by overconsumption. Doconomy is battling that increased consumption by taking the tool of consumption—the credit card—and turning it into a green warrior: DO.
“DO is a new mobile banking service. It tracks the impact of your spending and enables you to climate compensate with full automation,” explains Nathalie Green. The “Everyday Climate Action” card helps you to track and measure your consumption, relating it to a carbon score that shows what your spending costs in terms of the environment.
The app uses the Aland Index, which is a calculation system that measures the CO2 produced with every transaction you make. The ultimate goal is to redirect the power of spending to promote sustainable production. When you by less and then climate compensate, you can help protect the environment.
Climate compensation can happen by being involved with UN-certified projects that reduce, avoid, or remove greenhouse gas emissions. These projects are implemented in developing countries, and you can direct your money to those projects with DO. You can also get refunds from DO supporting brands, which will direct those refunds to projects that are dedicated to sustainability.
DO is backed by Mastercard, which is proud to be a part of the solution. “Together with Doconomy,” comments Mark Barnett, Divisional President of Mastercard UK, Ireland, Nordic and Baltics, “we can engage consumers, retailers, and businesses in the fight against climate change. This collaboration is an important part of our focus on sustainability, and this innovative solution offers people a simple way to take responsibility for their carbon footprint based on what they consume.”
DO is free to sign up for, and will give you the tools you need to start making more sustainable choices.