VANCOUVER - Vancity says it is launching 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 card holders will be offered the data, which will also include how their spending-linked emissions compare nationally and which purchases have the highest environmental cost.
Vancity says it is partnering with climate-focused German fintech ecolytiq 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 tool that banks could roll out to customers, but did not immediately respond to clarify whether any ´ºÉ«Ö±²¥ banks currently offer its calculator tool.
The Mastercard option was rolled out in collaboration with Doconomy, a Swedish fintech company that in 2019 launched a credit card with a carbon footprint limit.
This report by ´ºÉ«Ö±²¥was first published Oct. 19, 2022.
