FINANCIAL SERVICES actual implementation and outcomes of these initiatives need to be transparently reported and evaluated .
“ It is crucial for these financial entities to not only commit to ReFi but also to demonstrate realworld impacts and improvements in ecosystem services and circular economy metrics .”
Sustainable tools for consumers : Carbon tracking and offsetting As we ’ ve discussed , the data is clear on consumer willingness to champion green , sustainable products . Today , banks can do more to support consumers in making sustainable decisions in their everyday lives , too .
Carbon tracking tools allow consumers to understand the environmental impact of their purchases .
Fintech startups such as ecolytiq have come to market , offering banks the means to supply their customers with tools to track the environmental impact of every purchase .
“ We sit on top of the banking infrastructure and analyse your spending behaviour ,” ecolytiq Co-founder and CEO David Lais told us at Money20 / 20 US 2023 . “ And then , we try to figure out what your influence is in terms of CO2 , water and other elements and guide you through it – ultimately to give you all the information you need to be part of the solution .” fintechmagazine . com 129