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

Unsettled weather causes another B.C. flash flood

Environment Canada is reporting about six millimetres of rain fell at the Prince George airport Tuesday, but doesn't mention the localized, intense thunderstorm that deluged the city's downtown core, flooding several streets.

Unsettled weather causes another B.C. flash flood

B.C. cabinet minister not running for NDP leader

Horgan announced last week that he'll resign as leader in the fall after the party holds a leadership convention, saying his second bout with cancer left him with little energy for the job. Kahlon says he's throwing his support for the new leader behind Attorney General David Eby, who has yet to announce if he is running.

B.C. cabinet minister not running for NDP leader

Head-on crash in B.C. Interior kills three

Police say witnesses report a black sedan crossed into the path of an oncoming westbound SUV, hitting it head on. The RCMP say the crash killed a 51-year-old Sorrento man, a 67-year old woman and a 60-year-old man, both from Blind Bay.

Head-on crash in B.C. Interior kills three

Questions remain after B.C. bank shootout

Twenty-two-year-old Mathew and Isaac Auchterlonie of Duncan, B.C., were killed by police in a shootout that left six officers injured outside a Bank of Montreal branch in Saanich on June 28.

Questions remain after B.C. bank shootout

Multi-vehicle collision on 176 Street in Surrey leads to road closure

Southbound lanes of 176 Street are closed from 88 Avenue to 96 Avenue. The investigation is in the early stages and it is unknown how long the road closure will remain in effect.

Multi-vehicle collision on 176 Street in Surrey leads to road closure

Women grads more likely to access CERB: StatCan

Statistics Canada compared the proportion of 2010 to 2018 graduates who received CERB based on educational and socio-demographic characteristics to the proportion of all workers who received the benefit.