As part of the agreement, Íslandsbanki will integrate the Carbon Insight solution into its digital banking offering, which will help drive customer engagement, boost loyalty and create a more robust environmental, social, and governance (ESG) strategy.
Meniga’s Carbon Insight solution will provide Íslandsbanki customers with:
- An estimate of their overall carbon footprint based on their spending profile, broken down into spending categories and time periods
- A broad understanding of the specific aspects of their spending that are the most detrimental to the environment
- The necessary information and knowledge to alter their spending behaviour, boost their personal savings, and crucially, help save the planet
As worldwide anxiety around climate change continues to grow, many banks are recognising the unique opportunity they have to serve the needs of the rapidly growing segment of carbon-conscious consumers. A recent survey conducted by Meniga revealed that 80% of consumers experiencing its technology now want to use their banking apps to help them estimate their carbon footprint.