Last night I came across Tred, a prepaid debit card that helps you understand the carbon footprint of your purchases. As an environmentalist, this is a great concept and got me thinking of its limitations and how Monzo could partner with them.
I assume it’s currently based on a CO2 per £ value for each retailer, which seems quite broad and inaccurate, but by partnering line item date from a flux receipt with a product by product database of CO2 footprint, you could get a really accurate CO2 figure available to customers to make informed decisions on where to spend to improve the health of our planet.
The database would take some time to build and it also relies on Flux rapidly increased their major retail partners, of which the rollout seems slow at the moment, but an interesting concept in the medium term and be great to see Monzo find a way to incorporate this in app. I know there are other priorities for commercial reasons but would be a brilliant addition at some point.