• CoGo, a carbon tracking and offsetting mobile app, has partnered with Moneytree, a Japanese fintech provider, to track carbon footprint.    

• Under the partnership, Moneytree’s LINK data banking platform calculates monthly expenditure and groups those into spending categories. CoGo’s carbon footprint management solution then assigns an emission factor to those categories, to obtain an estimate of the carbon emissions.

• CoGo’s mobile app will further support Moneytree’s customers to manage and minimize their environmental footprint by suggesting carbon offset solutions. 

<ul><li> Analyst QuickTake: CoGo entered into similar partnerships this month with ING Group , a Netherlands-based banking and financial services provider, and CommBank , an Australian multinational bank, allowing banking customers to track their carbon footprints based on spending habits. CoGo is currently working with eight banking institutions including NatWest Group and Trustee Savings Bank (TSB) and expects to double this number over the next year.</ul>