FinTech startup Sugi has launched a new feature that allows its users to offset the carbon impact of their investments.
Launched through a beta version last year, Sugi claims it is the first platform that shows retail investors the environmental impact of their investments and helps them build a greener portfolio.
Through the new feature, users will be able to offset an amount directly related to the impact of their own investments. This means they can either target specific investments or offset their entire portfolio – alongside keeping track of their history.
Sugi CEO Josh Gregory said, “We recognise that there are a number of valid reasons for investors to have holdings in higher carbon industries, which is why we’re enabling investors to rebalance their impact through our new offsetting feature.”
Earlier this year, Swiss FinTech Neon introduced a sustainable bank account for its customers available through its mobile app.
According to Neon, the bank account is backed by certified CO2 compensation from myclimate as well as a pledge to plant five trees per user, per month.
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