Mastercard has partnered with MDP, a leading financial services provider in Egypt, to launch an innovative Carbon Calculator tool in response to growing consumer demand for environmentally responsible choices. Mastercard, a global leader in payment processing, connects consumers, financial institutions, merchants, governments, and businesses worldwide.
The Carbon Calculator, powered by the Doconomy Åland Index, enables users to estimate the carbon emissions associated with their card purchases. It provides insights and comparisons, such as the number of trees needed to offset CO2 emissions, promoting eco-consciousness among consumers.
This initiative aligns with Egypt’s Sustainable Development Strategy – Vision 2030, leveraging MDP’s extensive network to promote responsible practices for a sustainable future. Mastercard’s commitment to achieving net-zero emissions by 2040 is evident in this collaboration, emphasizing its role in sustainability.
Mastercard has also developed a directory of sustainable materials and vendors for card products, supporting banks in integrating sustainability into the supply chain. The company aims to transition all newly produced cards to recycled and bio-based materials by 2028.
By FCCT Editorial Team
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