New collaboration focuses on fighting climate change and enables
users to track, understand and take accountability of their carbon
footprint
STOCKHOLM--(BUSINESS WIRE)--
Doconomy and Mastercard announce their joint effort to combat climate
change by enabling DO – a free and easy-to-use mobile banking service
that lets users track, understand and reduce their CO2
footprints through carbon offsetting. The launch of DO sets a new
standard for purpose-driven payment services and is a major step in
Mastercard’s commitment to drive innovation for a sustainable future.
By implementing DO Mastercard and Doconomy lets users’ values guide
their everyday consumption towards more sustainable choices. DO also
enables carbon offsetting via UN certified projects. As part of the
service DO offers a possibility to invest in funds with a positive
impact on people and the planet. This way the solution gives the
consumer insights into the environmental effects of their consumptions,
paired with tools for creating change by making sustainable choices.
“Together with Doconomy we can engage consumers, retailers and
businesses in the fight against climate change. This collaboration is an
important part of our focus on sustainability, and this innovative
solution offers people a simple way to take responsibility for their
carbon footprint, based on what they consume,” commented Mark Barnett,
Divisional President of Mastercard UK, Ireland, Nordic and Baltics.
In addition to offering users to make their consumption more
sustainable, customers can also apply for the physical, climate-friendly
and biodegradable DO Mastercard payment card. The card, which is printed
with recycled pollution (Air-Ink) and with no magnetic strip is the
first of its kind in the world. The DO card is the most tangible payment
service effort on the global SDG 12 scene.
”Via Mastercard’s global network Doconomy can reach and leverage the
power of consumers all over the world and direct capital towards
sustainable initiatives. For us, there is no partner better suited than
Mastercard, given their sense of purpose and leading technical
expertise,” says Nathalie Green, CEO at Doconomy.
DO has attracted attention from some of the world’s most prominent
actors. The United Nation’s UNFCCC-secretariat wants to explore a
collaboration with Doconomy and Mastercard to promote climate action and
awareness among citizens and organizations globally.
“DO represents a new and interesting way of bringing climate action
directly to the consumer, which is one of our strategic objectives in
our work on Global Climate Action,” says Niclas Svenningsen, Manager,
Global Climate Action at UNFCCC.
The DO app will become available during April. To join the movement and
read more about how we fight climate change through consumption you can
visit: https://doconomy.com
About Mastercard at MWC:
Mastercard will have a stand, located at Hall5 Stand5 D61, at MWC
Barcelona with a number of key execs available for media interviews –
for more information please visit our Digital
Press Kit or look at @MastercardNews
throughout 25th – 28th February 2019.
About Doconomy
Doconomy AB was founded in 2018 and is both a fintech startup as well as
a philosophy about how we as humans can use our money as a tool for
positive change for the climate. Doconomy's vision is to enable a
sustainable lifestyle for everyone by providing simple mobile banking
services that can change behavior, manage savings and reward a
development towards sustainable consumption. Doconomy uses the Åland
Index developed by Ålandsbanken to track the impact of every
transaction. Follow us on Twitter @doconomy
About Mastercard
Mastercard (NYSE:MA), www.mastercard.com,
is a technology company in the global payments industry. Our global
payments processing network connects consumers, financial institutions,
merchants, governments and businesses in more than 210 countries and
territories. Mastercard products and solutions make everyday commerce
activities – such as shopping, traveling, running a business and
managing finances – easier, more secure and more efficient for
everyone. Follow us on Twitter @MastercardNews,
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Bureau.
View source version on businesswire.com:
https://www.businesswire.com/news/home/20190225005590/en/
For more information:
Nathalie Green, CEO, Mobile: +46 70
606 93 05, nathalie.green@doconomy.com
Annika Kristersson, Director of Communications Nordics & Baltics,
Mastercard, +46 703173545. Annika.Kristersson@mastercard.com
Source: Mastercard Investor Relations