Klarna AI tool connects consumers with sustainable brands

Buy Now, Pay Later (BNPL) company Klarna is using an AI tool from sustainability tech platform Clarity AI to connect shoppers with environmentally conscious brands.

The business is to initially feature ways to shop consciously to those shopping for electronics across thousands of brands and 22 countries.

According to research from Klarna, 62 per cent of US shoppers say that sustainability when shopping for electronics is important to them.

A further two thirds said that it is important that the brands they buy actively combat climate change and use recycled or sustainable materials in their products.

When consumers make a purchase in the electronics category, new information on the brand’s environmental efforts will be displayed in the form of brand badges, bringing together brand level sustainability data in one place.

This new info is designed to help shoppers identify brands that are actively addressing climate change.

Clarity AI said that brand badges indicate whether a company has lower greenhouse gas emissions than similar businesses, whether they derive a higher proportion of its energy from renewable sources, have climate change policies and a roadmap to positively impact climate change, and whether or not a company is transparent in its reporting of climate-related information.

“In 2021, Klarna introduced the CO2e emissions tracker, which brought to life one of the largest awareness efforts on carbon footprints ever made," said Salah Said, head of sustainability at Klarna. "Now, we are taking it one step further by providing Klarna’s more than 150 million shoppers with reliable and transparent metrics for electronics brands, helping shoppers to not only understand the impact of their purchases but also to make more environmentally conscious decisions going forward."

    Share Story:

Recent Stories


Safeguarding economies: DNFBPs' role in AML and CTF compliance explained
Join FStech editor Jonathan Easton, NICE Actimize's Adam McLaughlin and Graham Mackenzie of the Law Society of Scotland as they look at the role Designated Non-Financial Businesses and Professions (DNFBPs) play in the financial sector, and the challenges they face in complying with anti-money laundering and counter-terrorist financing regulations.

Ransomware and beyond: Enhancing cyber threat awareness in the financial sector
Join FStech editor Jonathan Easton and Proofpoint cybersecurity strategist Matt Cooke as they discuss the findings of the State of the Phish 2023 report, diving into key topics such as awareness of cyber threats, the sophisticated techniques being used by criminals to target the financial sector, and how financial institutions can take a proactive approach to educating both their employees and their customers.

Click here to read the 2023 State of the Phish report from Proofpoint.

Cracking down on fraud
In this webinar a panel of expert speakers explored the ways in which high-volume PSPs and FinTechs are preventing fraud while providing a seamless customer experience.

Future of Planning, Budgeting, Forecasting, and Reporting
Sage Intacct is excited to present FSN The Modern Finance Forum’s “Future of Planning, Budgeting, Forecasting, and Reporting Global Survey 2022” results. With participation from 450 companies around the globe, the survey results highlight how organisations are developing their core financial processes by 2030.