Carbon footprint management expert Cogo has partnered with challenger bank Tandem to help banking customers better manage their carbon footprint.
The partnership will see Cogo’s services offered through Tandem’s marketplace. This will allow Tandem’s retail customers to download the Cogo app to measure, understand and reduce their carbon footprint, based on where and how they spend their money.
The duo is planning to extend the partnership in 2023, with plans to integrate Cogo’s carbon footprint technology directly into the Tandem banking app.
Speaking on the partnership, Tandem chief impact and marketing officer Georgina Whalley said, “We’re committed to supporting the UK in banking for a greener future. The Tandem Marketplace offers a dedicated hub for consumers to start their green journey with practical advice, information and tools to help them both save money and save the planet.
“Cogo joining the Marketplace is an exciting next step allowing customers to have a clearer understanding of their own carbon footprint. We’re delighted Cogo has joined and look forward to working with them to help fight the climate crisis.”
Cogo completed research last month that found eight in ten UK mobile banking users are keen to learn about the environmental impact their spending has.
In other ESG FinTech news, Climate First Bank, which is a full-service, FDIC-insured commercial bank focused on environmental sustainability, acquired FinTech company Ecountabl.
The aim of the deal is to integrate Ecountabl’s product into its digital banking service, OneEthos. Ecountabl indexes data on over 10,000 companies, analysing their environmental, social and governance performances to help customers track their impacts.
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