Fintech & Ecommerce

Klarna launched a carbon tracking feature

The company is approaching the climate challenge with a sense of urgency

Klarna carbon

Klarna launched a carbon tracking feature. Source: klarna.com

Klarna has announced the launch of the Give One initiative allowing its users to track their carbon footprint.

From now on, Klarna’s customers can see the climate impact of the shopping they do in the Klarna app through average kgCO2 assessments made on each transaction.

The launch of Klarna’s carbon footprint tracker comes on the back of its commitment to donate 1% of Klatna’s latest funding round of $1 billion.

Along with in-app CO2 tracking, shoppers can also donate to charitable organizations working for planet health globally. Through Klarna’s partnership with Milkywire, donors can support local grassroots projects directly, connect with the experts working in the field, and see proof of the impact by following their progress.

Klarna is also committing to reducing its global company emissions and setting an internal levy of $100 per tCO2 emitted on scope 1 & 2 and travel. The annual funds will be donated to climate transformation projects.

We’ve reported that Mastercard introduced a carbon calculator tool for banks.

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