DO Card: a Payment Card for Capping Customers’ Carbon Footprint

The Swedish start-up Doconomy launches a one-of-a-kind payment card in partnership with Mastercard. This tool called Do Black Card lets cardholders track and measure their daily purchases’ CO₂ footprint.

Goals: Reduce users’ expenses impact on the climate.
Offers: just like other mobile banks, such as N26 or Revolut, Doconomy proposes a mobile app enabling users to monitor their bank account and payment card.
How it works
- This FinTech relies on the Åland Index by Ålandsbanken to analyse and define the carbon impact of each transaction.
- The user chooses a carbon impact not to be exceeded when making purchases.
- They may also compensate for greenhouse gas emissions induced by their consumption through investing in UN-certified carbon offset projects.
Besides enabling their users to make up for their CO₂ footprint, this challenger bank will be adding cashback offers as “DO credits” for investing in sustainable funds.
A Beta test phase in underway in Sweden. Other countries may later be addressed. This offer should officially see the day this summer.

Climate crisis. According to the Paris Agreement signed by the United Nations, global greenhouse gas emissions must be halved by 2030 to achieve a climate neutral world by mid-century. By way of achieving this ambitious goal, several players –including Doconomy– bet on enhancing consumers’ awareness through highlighting carbon emissions.
Game changing card in the age of deconsumerism? According to the Swedish Environmental Protection Agency, consumption accounts for around 60% of all carbon emissions. This considered, Doconomy hopes they can significantly impact people’s relation to consumerism, lead them to favour sustainable options and approaches.

This announcement was made short after the Climate Mobilization Act passed in New York, including a series of bills intended to reduce carbon emissions and mitigating global warming.
In France, the e-payment FinTech PayGreen crafted a relatively similar solution: an algorithm for assessing carbon emissions owed to ordering online. Customers can then send the equivalent amount to a French association for reforestation.

Category : Alertes quotidiennes