“Standard Charetered has signed a contract with Doconomy of Sweden to provide customers with digital tools to track carbon dioxide emissions and freshwater consumption of goods purchased using bank credit and debit cards. The Doconomy application uses the Åland Index, introduced in 2016, to provide financial institutions with a carbon footprint calculation for all transactions. Recently, a freshwater calculation was added to the display of its effects. For any card transaction, the index can calculate the carbon dioxide and water emissions of a purchase in kilograms of carbon dioxide equivalent and water usage per liter, respectively.”