Fintech company Doconomy in collaboration with Mastercard has launched the DO Black credit card that tracks, measures, and limits the CO2 emissions associated with purchases.
Created in a bid to limit the climate impact of consumer spending and to foster sustainability, DO Black prevents users from exceeding high levels of CO2 emissions by halting transactions. A calculation system called Åland Index is used to determine the CO2 emission costs of goods.
“The philosophy is based on the fact that we all need to tackle climate change in our daily actions and that we can use the most powerful tool to do so: Our money. We need to go from Economy to Doconomy. We steadfastly believe that we all need to contribute in making the efficient economic system of humans work to protect the fragile ecosystem of nature,” said Doconomy.
The DO Black credit card is made from bio-sourced materials and is printed with recycled air pollutants (Air-Ink).
By using DO Black, a climate smart savings account with a competitive interest rate alongside climate compensation is provided.
To learn more, click the link below.
