National

Vancity to offer carbon footprint credit card

Darpan News Desk The Canadian Press, 19 Oct, 2022 03:59 PM

Vancity says it is launching a program that will allow its Visa credit card holders to track the estimated carbon emissions of their purchases.

Launching in 2023, we will be the first financial institution in Canada to offer members and cardholders a tool to estimate the CO2 emissions from their Vancity enviroVisa card purchases – the Vancity Carbon Counter! https://t.co/TYhHjn2eRP
— Vancity (@Vancity) October 19, 2022

The Vancouver-based credit union says all Vancity Visa credit card holders will be offered the data, which will also include how their spending-linked emissions compare nationally and which purchases have the highest environmental cost.

Vancity says it is partnering with climate-focused German fintech ecolytiq to offer the carbon calculator.

The credit union says it will be the first to offer a Visa-based carbon footprint calculator in Canada when the program becomes available in the new year.

Mastercard last year announced a carbon calculator tool that banks could roll out to customers, but did not immediately respond to clarify whether any Canadian banks currently offer its calculator tool.

The Mastercard option was rolled out in collaboration with Doconomy, a Swedish fintech company that in 2019 launched a credit card with a carbon footprint limit.

Prev Next

MORE National ARTICLES

Former PMs to attend queen's funeral in London

Prime Minister Justin Trudeau, Gov. Gen. Mary Simon and their spouses are leading the delegation, which departs Friday, though it's unclear whether all guests will travel on the same aircraft. The group will include former governors general Michaëlle Jean and David Johnston as well as former prime ministers Kim Campbell, Jean Chrétien, Paul Martin and Stephen Harper.

Former PMs to attend queen's funeral in London

B.C. gondola operator sues security company

A notice of claim filed in B.C. Supreme Court this week by Sea to Sky Gondola argues an alarm system designed and installed by Unified Systems Inc. failed when an unidentified person cut the cable for the second time in September 2020.

B.C. gondola operator sues security company

B.C. toxic drug deaths double since 2016

The BC Coroners Service recorded 192 drug-related deaths in July, a 31 per cent increase from June and equating to about 6.2 deaths per day. The new figures show the death rate across the province this year is 42 per 100,000, twice what it was in April 2016 when the public-health emergency was declared.

B.C. toxic drug deaths double since 2016

Supply is answer to housing crisis: Falcon

Opposition leader Kevin Falcon says a Liberal government under his leadership would increase supply as a way to help first-time buyers. He says he would also back "direct" supports for renters, but he hasn't "fleshed out" exactly how that would look.

Supply is answer to housing crisis: Falcon

Lululemon founder gifts $100M to B.C. parks

The donation, which was announced at an event held in Vancouver's Stanley Park on Thursday, will be made through the Wilson 5 Foundation. The commitment is part of the B.C. Parks Foundation's launch of 25x25, a multi-year campaign to protect 25 per cent of land and waters, in partnership with Indigenous people.

Lululemon founder gifts $100M to B.C. parks

MPs pay tribute to Queen Elizabeth in special sitting of House of Commons

Members of Parliament of all political stripes are rising in tribute to the queen today in a special sitting of the House. Trudeau says Canada came of age under the queen, who signed Canada's Constitution Act in 1982, ushering in the Charter of Rights and Freedoms.