G+D Partners with Doconomy for Payments

G+D has also announced that it is joining forces with the Swedish fintech start-up Doconomy to enhance payment solutions with digital sustainability-oriented tools.

G+D is already promoting eco-innovation in payment solutions by offering payment cards out of sustainable materials such as plastics pulled from oceans or bioplastics. That eco-friendly approach spans the entire lifecycle of a payment card: from production and personalisation to delivery to users and the activation process and all the way to recycling the card.

It is to complement this eco-conscious offering that G+D has entered into the strategic partnership with Doconomy, for whom the 2030 Agenda and the Sustainable Development Goals are among its central strategy components. Doconomy develops tools that help banks engage in this agenda and contribute to limiting global warming to 1.5°C.

Doconomy offers banks a digital service that enables consumers to track their individual environmental impact, ie. to measure their carbon footprint. The calculation is based on the purchases, orders and bookings made by the cardholder – be it groceries at the supermarket or air travel – and relies on the Åland Index, a cloud-based service and the leading index solution for CO2 emission calculations for payments and financial transactions.

Consumers are thus supported in reducing negative impacts through behavioural changes. In addition, Doconomy offers carbon footprint offsetting solutions; in Sweden for now, but with international options being developed.

By jointly offering green cards and digital solutions to track consumers' carbon footprint, G+D and Doconomy say they will address banks and fintechs that have ambitious environmental goals and a strong focus on eco-innovation.