Tred

Tred is a UK-based financial technology company that offers a green debit card and accompanying app to help individuals track, reduce, and offset their carbon footprint through everyday spending. The Tred Mastercard, made from recycled plastic, calculates the estimated carbon emissions of every transaction a user makes, providing them with a personalized carbon footprint. Users can opt for monthly subscription plans to offset their carbon footprint by contributing to various climate change mitigation projects, such as reforestation, renewable energy generation, and sustainable building initiatives.

Tred's business model involves donating a portion of the revenue it generates from the interchange fee charged to retailers to reforestation projects around the world. This allows users to plant trees as they spend, without incurring any additional costs. The company partners exclusively with well-established reforestation projects that prioritize planting native tree species, promoting biodiversity, and working closely with local communities.

Tred's app categorizes users' transactions and provides real-time insights into their spending patterns and carbon footprint, enabling them to identify areas for lifestyle changes. The app also suggests sustainable alternatives to reduce their environmental impact. In addition to its core offerings, Tred provides access to exclusive discounts and offers from partner brands promoting sustainable living.