Environmental data company Connect Earth and KBC Bank Bulgaria (part of KBC Group) have teamed up to offer KBC’s customers insights into the carbon footprint of their everyday spending. This long-term partnership follows an initial successful proof of concept hosted in Q2 2022.
Connect Earth’s data-driven API solution enriches financial transactions with carbon footprint estimates and guides digital banking users towards more sustainable habits. KBC’s customers who wish to learn about their environmental impact will be able to do so through KBC’s banking app. Some of the features developed by Connect Earth include transaction-based carbon footprint estimates, advanced CO2 analytics and educational materials.
As the public’s attention to the climate crisis grows, banks are using Connect Earth’s API solution to display carbon footprint estimates of financial transactions for their customers.
During the initial proof of concept earlier this year, Connect Earth provided carbon estimates to over 8 million transactions (~215,000 customers) that generated over 70 million kg of CO2e. With Connect Earth’s solution, KBC’s customers reduced their emissions by 7% on average per transaction within a month.
“We are thrilled to partner with KBC and empower thousands of people to take climate action in Bulgaria, one of the biggest initiatives of its kind within the country. Climate action has to be collective and collaborative. It is therefore pivotal that KBC is taking action and involving their customers as well, acting as a role model for the entire financial sector in the region,” said Alexander Lempka, co-founder & CEO at Connect Earth.
Reach out if you think Connect Earth can help your business.
About KBC Bank Bulgaria:
KBC Bank Bulgaria is a universal commercial bank and offers its corporate customers and individuals a full range of financial products and services. KBC Bank Bulgaria is part of KBC Group in Bulgaria, which consists of 14 banking, insurance, leasing, insurance brokerage, asset management, pension insurance and factoring companies. According to BNB data as of March 2022, the total value of the companies’ assets makes the KBC Group in Bulgaria the largest integrated financial group in the country, servicing about 2.5 million customers.
About Connect Earth:
Founded in 2021, Connect Earth is a London-based environmental data company that democratises easy access to sustainability data. With its carbon tracking API technology, Connect Earth is on a mission to empower consumers and SMEs to make sustainable choices and bridge the gap between intent, knowledge and action. Connect Earth supports financial institutions in offering their customers transparent insight into the climate impact of their spending.