In Europe some banks are already registering and tracking, based on a proprietary algorithm, the CO2 footprint of your purchases in various categories. They do not ask for your consent for this and it cannot be turned off if you use their 'wallet' or mobile app. -- Bring the environment into your wallet Our climate is challenged, and we can all contribute to a more sustainable future. In Nordea we aim to contribute as much and we can – and together with our customers, we make a real difference. You will get insight into your CO2 impact and see the environmental impact of your daily consumption behaviour and financial spend when using your card. How to use the carbon tracking? In collaboration with the Åland Index Solutions, you’ll get a calculation of the approximate CO2 impact stemming from the goods and services you have bought with all your credit and debit cards across the world. Month by month you can follow your CO2 impact in Nordea Mobile App and in Nordea Wallet. - The Åland Index calculates the impact that your card purchases have on the climate based on the average carbon footprint for each category of industry. This means that it can tell whether you have been at the gas station or the florist, but it can’t connect transactions to individual products. This is because there is no climate data available at that level of detail, and also due to privacy concerns. The index has been created from corporate data provided by Refinitiv and Sustainanalytics. The index shows your carbon footprint both in kilograms and in euros. The price of carbon dioxide used by the index comes from the EPA (U.S. Environmental Protection Agency) and it corresponds to the cost of emissions borne by society in medical expenses, infrastructure costs and so on. These so-called externalities are already factored into the price. The price is 106 euros per tonne of carbon dioxide. You can get tips from us on how to change your consumption habits or compensate your carbon footprint, for example by environmental initiatives.