CoGo, a carbon tracking and offsetting mobile app, joined forces with Tandem Bank, a UK-based financial services provider, to support the latter’s customers to calculate their carbon footprint levels.
Under the partnership, CoGo will be featured on Tandem’s marketplace, where Tandem’s customers will be able to download the CoGo app to measure, monitor, and reduce their carbon footprint incurred from daily spending.
The collaboration is expected to further evolve in 2023, with plans to integrate CoGo’s carbon footprint app directly into Tandem’s banking application.
Analyst QuickTake: During the same month, CoGo partnered with NewDay, a UK-based credit card company, to integrate CoGo’s carbon footprint insights into NewDay’s Bip app, a cardless credit app. CoGo’s proprietary algorithms were embedded to estimate CO2 emissions by categorizing those into varied spending brackets, including travel, fashion, food, etc. The customers will be notified via email, website, and in-app prompts about their individual carbon footprint levels and will also be provided advice on ways to eliminate such emissions. CoGo entered into similar partnerships with ING Group , CommBank , and Moneytree in August 2022.
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