Customers of Tandem, the UK’s sustainability-focused challenger bank, will soon be able to measure the carbon footprint of their spending using the Cogo app

Cogo is a carbon management expert that pairs its Carbon Footprint model with live banking data allowing a bank’s customers to track how much carbon is associated with their spending anywhere, anytime. Cogo has announced a partnership with digital challenger bank Tandem to initially feature on the bank’s green living hub, which offers practical advice, information and tools for customers. Cogo will integrate with the bank’s app fully in 2023. (Fintech Futures)

According to Cogo, more than 80% of UK mobile banking users are concerned about the environmental impact of their spending decisions, yet need help in prioritizing their climate actions.

Tandem chief impact and marketing officer Georgina Whalley said, “We’re committed to supporting the UK in banking for a greener future. The Tandem Marketplace offers a dedicated hub for consumers to start their green journey with practical advice, information and tools to help them both save money and save the planet.”

“Cogo joining the Marketplace is an exciting next step allowing customers to have a clearer understanding of their own carbon footprint. We’re delighted Cogo has joined and look forward to working with them to help fight the climate crisis.”

Emma Kisby, EMEA CEO at Cogo, says, “Tandem Bank is challenging how consumers think about finances, appealing to the next generation of greener banking customers. By offering Cogo on the marketplace, retail customers from Tandem will be able to download our Cogo app to measure, understand and reduce their carbon footprint based on where and how they spend money, helping to tackle the climate crisis.”

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