Carbon footprint management company Cogo has partnered with Eliq to help banks and their customers navigate the challenges faced by climate change and the cost of living and energy crises.
The combined data, insights and market-specific approach to carbon emissions and energy consumption will give banks intelligence to offer tailored financing to improve energy efficiency in homes through retrofitting, with support from green loans and green mortgages.
Research from Cogo claims that 58% of people want to learn more about how they can reduce their energy consumption and make greater efficiency savings.
Commenting on the partnership, Cogo CEO EMEA Emma Kisby said, “Energy consumption is one of the biggest contributors to people’s carbon footprint, so to be able to provide greater transparency around the impact of energy usage through this partnership with Eliq will be transformative.
Not only will the partnership provide banking customers with greater clarity of their personal carbon footprint, but it will allow banks and energy companies to collaborate to create better, more affordable and impactful products which are personalised to the customer and their specific needs. This is a win-win for customers and the climate.”
Eliq aids the home energy transition by helping utilities, banks and smart-home providers to empower their customers to make intelligent and sustainable home energy choices.
Cogo is a carbon management solution developer that helps individuals and businesses measure, understand and reduce their impact on the climate. Its carbon tracking tools can calculate a user’s carbon footprint and provide them with actions to reduce their impact.
Last year, Cogo teamed up with UK challenger bank Tandem to help customers better manage their carbon footprint. The deal allows Tandem’s retail customers to download the Cogo app so they can measure, understand and reduce their carbon footprint based on where and how they spend their money.
Keep up with all the latest FinTech news here.
Copyright © 2023 FinTech Global