When Greta Thunberg decided in 2019 to sail across the Atlantic Ocean, she called attention to the baggage that comes with air travel. A roundtrip flight from London to New York produces about as much CO2 as the average European citizen generates heating their home for an entire year.
Every day, we learn more about ways to reduce or offset our carbon footprints. Plant a tree, says the non-profit One Tree Planted: A single tree absorbs 48 pounds of CO2 per year. Eat less beef, say Meatless Monday fans. Meanwhile, the Environmental Protection Agency reports the transportation sector is responsible for nearly 30 percent of all human-induced emissions in the United States.
CO2 Tracking in Your Purse
Ways to measure our impact on the planet are plentiful using tools available online today. But doing so isn’t always simple—so what if a personal carbon calculator was already right there in your purse or pocket?
With this in mind, Bank of the West became the first U.S. bank to team up with Doconomy to enable consumers to see and measure the CO2 impact of what they buy.
Doconomy’s cloud-based software tracks the CO2 emission of every transaction, thus allowing consumers to better understand the impact of their purchases. The card-connected digital tool lets users review the environmental impact of their shopping on-demand.
Through Bank of the West’s Doconomy collaboration, in 2020 its customers will be empowered to reduce their carbon footprint thanks to access to increased knowledge about the environmental effects of their purchases. It’s just one way Bank of the West leads on sustainable finance by taking action to help consumers and businesses protect our planet.