According to Agenda 2030, carbon dioxide emissions around the world need to be halved by 2030. This can be done, for example, by increasing alternative fuels, reducing consumption – and a brand new credit card. The credit card Doconomy allows users to see their impact on the environment and the opportunity to do something about it.
One way to reduce total carbon dioxide emissions is to consume less and act more environmentally conscious. That’s what the app and credit card Doconomy want to help consumers do. This is done by measuring the daily carbon footprint, showing how large impressions different purchases give and enabling easy climate compensation.
Follow your own environmental impact
The uniqueness of the Doconomy credit card is primarily the link between the purchases that are made and how large the climate impact this entails. Through an app to which the card is connected, the carbon dioxide emission for each purchase is displayed. This is calculated on the basis of the Suresave Index, which is a calculation model developed by the Suresave Bank.
By becoming aware of how everyday decisions create various major emissions, one is expected to change their behavior in the long term and make more environmental decisions. In addition, you can also compensate and save sustainably.
Of course, the card is made of biodegradable material and has printing with Air Ink (color of recycled exhaust).
Compensate for emissions
In addition to informing card users how much carbon dioxide emissions occur when purchasing different products, it is also possible to compensate for these. This is done by contributing to projects such as wind power, better waste management and changed incineration. The investments are made in UN-certified climate compensation projects.
Another alternative to climate compensation is to choose sustainable savings. This is done by transfers from the payroll account to sustainable funds that only invest in companies in specific industries.
Bonus that decreases instead of increasing emissions
Many credit cards have bonuses or discounts that reward purchases. For example, if the card is purchased with the card, a lower price can be given. But instead of increasing consumption, Doconomy’s credit card is “a radical and innovative tool to protect our planet,” according to a press release from the company. It is thus the very first credit card that contributes to a sustainable lifestyle.
The bonus given, DO credits, is called “the world’s first climate rebate” and is used for climate compensation instead of additional shopping. This is either through the credits being given to projects or saved in sustainable savings.
The card was presented on Black Friday last year and is now available to subscribe. It is a collaboration between Doconomy, the Suresave Bank and Mastercard.