Caixa Enginyers launches innovative environmental impact service

Sustainability & Regulation
20/11/2023 News

Caixa Enginyers, a forward-thinking financial institution, is spearheading environmental responsibility with its groundbreaking "Impacte Ambiental" service. Developed in collaboration with Mastercard and Swedish fintech Doconomy, this service empowers members to measure the carbon and water footprint of their transactions, providing actionable steps for reduction.

In a strategic move aligned with sustainable finance principles, Caixa Enginyers, a credit cooperative offering financial and insurance services, is the first to introduce the "Impacte Ambiental" service. This tool, in partnership with Mastercard and Doconomy, calculates the carbon and water footprint of members' transactions, encouraging eco-friendly purchasing decisions and contributing to global environmental protection efforts.

This technological addition underscores Caixa Enginyers' commitment to sustainable finance and its role as a cooperative banking leader in achieving Sustainable Development Goals (SDGs). By directing investments towards ethically and socially principled companies combating climate change, Caixa Enginyers reinforces its dedication to a sustainable future.

Joan Cavallé, Caixa Enginyers' CEO, emphasizes, "This new service is part of our clear commitment to sustainable finance and caring for our planet. We want to assist our members in understanding the environmental impact of their purchases, consumption, and financial transactions, promoting financial education aligned with the planet's health."

Paloma Real, Mastercard Spain's CEO, applauds the collaboration, stating, "We are proud to collaborate with Caixa Enginyers and Doconomy, sharing the desire to protect our planet. We hope this initiative sets an example for many others to follow."

The Impacte Ambiental service estimates carbon and water footprints through a weighted calculation, considering the economic amount spent and expense category. It informs users about their impact and provides actionable challenges and advice for reducing it, making sustainability accessible.

In conclusion, Caixa Enginyers, through its cooperative and sustainable vision, integrates environmental responsibility into its financial and insurance services. With a commitment to financial health and customer satisfaction, the institution stands as a beacon of sustainability in the financial industry, setting an example for responsible and environmentally conscious banking.

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