Aland index solutions
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This collaboration is a milestone in creating a global standard for measuring the impact of consumption and totally changing the way we consume through connecting spending patterns with climate impact, says Nathalie Green CEO at Doconomy”
The original Åland Index was developed in 2016 and the team has ever since been working to help consumers become aware of their impact on the planet.
They lead the way for consumers and banks, that aim at contributing to the Paris Agreement. The new tech solution and Åland Index API will allow all banks to integrate the climate impact calculations with ease, using a cloud based connect-and- go software solution, provided through AWS, Amazon Web Services.
The Åland Index Solutions will be headed by Helena Mueller, Co-founder of Doconomy.
The tool, originally developed and implemented by The Bank of Åland, is now further enhanced with data, covering 99% of global market cap, through a new partnership with Trucost, a part of S&P Global that assesses and prices risks relating to climate change, natural resource constraints, and broader environmental, social, and governance factors.
“Putting our comprehensive carbon impact metrics alongside the financial transactions of consumers provides important visibility to inform the transformative decision making that is needed to accelerate the low carbon transition.
The ultimate objective of all agreements under the UNFCCC is to stabilize greenhouse gas concentrations in the atmosphere at a level that will prevent dangerous human interference with the climate system, in a time frame that allows ecosystems to adapt naturally and enables sustainable development.
Åland Index Solutions - a game changer tackling climate crisis at every transaction
Ålandsbanken Abp
Pressrelease
20.11.2019
Åland Index Solutions - a game changer tackling climate crisis at every transaction
Åland Index Solutions, a joint venture between Doconomy and Ålandsbanken, enables banks, payment providers and financial institutions to offer all customers transaction based impact calculations.
Consistent data and its analysis show the way. As the bank for a changing world, Bank of the West is committed to sustainable finance along with our parent company BNP Paribas. Together with Doconomy we are now happy to see our initial idea of spreading Åland Index and the awareness that comes with it to other banks and their customers, come true,” says Anne‐Maria Salonius, Director for the Bank of Åland in Finland.
Find out more at https://doconomy.com and at https://alandindexsolutions.com/
For more information, please contact:
Nathalie Green, CEO Doconomy
mobile: +46 70 606 93 05, nathalie.green@doconomy.com
Helena Mueller, Head of Åland Index Solutions, Doconomy
mobile: +46 73 0242451, helena.mueller@doconomy.com
Masse Benesch, Head of Communications
mobile: +46 73 314 14 34 masse.benesch@doconomy.com
About Doconomy
Doconomy AB, founded in 2018, is a fin-tech startup that aims to provide digital solutions to help use money as a tool for positive climate change.
This institution protects the integrity of the user and the impact data as well the methodology which is at the center of the world’s most recognized impact calculator for daily transactions, helping everyone to understand their footprint and act on it to reduce emissions”, Peter Wiklöf, CEO Ålandsbanken states.
The Åland Index Solutions offering is also recognized and welcomed by the United Nations Climate Change Secretariat since the data will be instrumental for global calculations on individual level to come.
“We all need to understand the impact our lifestyle choices have on the planet and its climate.
Doconomy invites all banks and financial market participants to engage in global climate action via using the Åland Index Solutions platform of services, covering calculation, integration, communication and activation. This institution protects the integrity of the user and the impact data as well the methodology which is at the center of the world’s most recognized impact calculator for daily transactions, helping everyone to understand their footprint and act on it to reduce emissions”, Peter Wiklöf, CEO Ålandsbanken states.
The Åland Index Solutions offering is also recognized and welcomed by the United Nations Climate Change Secretariat since the data will be instrumental for global calculations on individual level to come.
“We all need to understand the impact our lifestyle choices have on the planet and its climate.
Åland Index as a global standard for impact calculations on everyday transactions aims to contribute with at least 1 billion ton in CO2 reductions by 2025.
“Since 2016, our Bank’s customers have been able to monitor the environmental impact through Åland Index. Åland Index is the global index solution for CO2 emission calculations that guide consumers in their everyday consumption towards more sustainable choices.
“With Åland Index Solutions we can engage all financial players in the fight against climate change.
Doconomy's first service, DO, a mobile banking app, helps manage savings and reward development towards sustainable consumption. This collaboration is a milestone in creating a global standard for measuring the impact of consumption and totally changing the way we consume through connecting spending patterns with climate impact, says Nathalie Green CEO at Doconomy”
The original Åland Index was developed in 2016 and the team has ever since been working to help consumers become aware of their impact on the planet.
The UNFCCC is also the parent treaty of the 1997 Kyoto Protocol. Through our collaboration with Doconomy, we hope to provide clear, effective channels to support these individual’s daily climate action” said Niclas Svenningsen, Manager, Global Climate Action, UN Climate Change Secretariat.
Doconomy’s overall vision is to help achieve a sustainable lifestyle for all and to engage 500 million people globally by 2025 in reducing their carbon footprint and in driving financing and investments towards the urgently needed climate solutions.
Through this collaboration, which facilitates global climate action at individual level, we can have a better understanding of our impact and find ways to contribute to the solutions, day by day”, says Niclas Svenningsen, Manager, Global Climate Action, UN Climate Change Secretariat.
For more information, contact:
Nathalie Green, CEO Doconomy
mobile: +46 70 606 93 05
nathalie.green@doconomy.com
Masse Benesch, Head of Communications mobil: +46 73 314 14 34
masse.benesch@doconomy.com
About Doconomy
Doconomy AB, founded in 2018, is a fin-tech startup that aims to provide digital tools to help use money as a tool for positive change for the climate.
Consistent data and its analysis show the way. We are redefining banking for a better future by focusing on areas where we believe we can have a real impact: supporting energy transition, helping enable women entrepreneurs, and financing innovative start-ups. Doconomy's first service, DO, a mobile banking app, helps manage savings and reward development towards sustainable consumption.