Customers of Nordea's digital banking services are from today being offered a facility that can provide information on their individual carbon footprints, as part of the Nordic banking group's response to climate change risk.
Some 3 million out of Nordea's 9 million customers can currently make use of the service.
Customers can follow their CO2 impact through Nordea Mobile and Nordea Wallet that enable them to track their payment card spending, the bank states.
The information is based on the Åland Index developed by the Bank of Åland in Finland. The index calculates an approximate impact from the goods and services bought with a payment card. The Bank of Åland is the frontrunner in developing an index measuring and visualising individual CO2 consumption
Sara Mella, acting head of Personal Banking at Nordea, said: "Together with our 9 million customers we can make a difference and combat global warming and climate change. As from today our customers using digital banking services get insight into their individual carbon footprint. We want to encourage them to use this data to make an impact on the environment and climate. The tracker is a good place to start for those of our customers who want to make a positive impact on the climate as they can use the insight they get about their daily spend to actively reduce their CO2 impact or compensate for it."
"Nordea's modern mobile platform with more than 1 billion touchpoints per year gives an excellent opportunity to visualise the environmental impact of everyday spending to our customers."
Nordea is set to continue its cooperation with Bank of Åland on this service.
Anne‐Maria Salonius, director for the Bank of Åland in Finland, said: "With the help of the Åland Index, the Bank of Åland wants to change consumer behaviour in order to mitigate climate change. For several years, our bank's customers have already been able to monitor the environmental impact of their purchases. To achieve the greatest possible climate effect, we want to work with all other banks and connect the Åland Index to their customers. We are very pleased that Nordea is setting a precedent by putting our innovation into service."
Other related developments at Nordea include green mortgages, green car loans and sustainable savings products, Nordea added.