Managing its own banking and investing is one of the key solutions to the climate change crisis that each individual can contribute to. The German company ecolytiq is aiming to support banks, fintechs, and other financial service providers to show their customers the impact they have on the environment.
The company offers a Sustainability-as-a-Service® solution that enables financial institutions to show their customers their environmental footprinting, personalized impact offsetting, and environmental social and governance investments.
Its Sustainability-as-a-Service® product suite includes ecoAware – showing visibility of environmental footprint, ecoEngage – guiding customers on emissions reduction through research-driven content sent to their online banking app, and ecoAction – helping people offset their carbon footprint and teaching them how to use their money sustainably.
One of the goals of ecolytiq is to empower consumers to reduce their own impact in the long term. To achieve this, it provides the appropriate content and suitable impact compensation offers from selected and certified organizations, which are available via their carbon marketplaces.
The company’s solution was also created to scale quickly as the world needs exponential climate action enablers. The software is available either as a single API SaaS service, on-premise, or via its Open Banking partners and processors. The brandable White Label solution the company offers eliminates the need for integration with the banks.
The climate change issue is a global problem and as such requires immediate actions on many fronts. The financial sector plays a major role in helping people understand how their financial decisions impact emissions and could provide the support needed for them to take action.