The solution uses Cogo’s sustainability data and behavioural science and Tink’s money management and data enrichment technology, to create personalised carbon footprints for customers based on their transaction data. Now available to over eight million NatWest retail banking customers, NatWest’s mobile banking app enables users to see their CO2 emissions associated with their daily spending and offers nudges to help them reduce their climate impact. Customers can also track the impact of their behavioural changes — such as eating less meat, switching energy suppliers or buying secondhand clothes — all from the app.

Today, Cogo uses the NatWest customer data insights gathered by Tink’s technology to create its carbon tracking analytics which are fed back to users.

Tasha Chouhan, UK & IE Banking Lead at Tink, said: “Most of us recognise that we need to do more to tackle the climate emergency. This has led to renewed pressure on consumers to reduce their daily impact on carbon emissions. But with so many sources, working out your personal carbon footprint is nearly impossible. That’s why people need the tools and the data to inform their decisions and bring clarity to their specific situation.

We’re proud to partner with Cogo to give people control over their own carbon footprint. Not only will this solution make a positive difference, but it can also help banks to win new climate conscious customers.”

Emma Kisby, CEO UK, Cogo, commented: “This is a critical decade for climate action, where we need to work collaboratively to find tools and solutions that can help us all understand and reduce our impact on the planet. We have to focus on delivering scale and impact at pace, which is why we are very proud of what we have delivered through this partnership with Natwest and Tink and look forward to delivering more through collaboration in the future.”