Mastercard has partnered with Abu Dhabi Commercial Bank (ADCB) to make its carbon calculator available to the bank’s clients.

The payment processer’s tool informs banking customers about the estimated carbon footprint of their purchases and estimates the environmental impact of each purchase using a weighted calculation which is powered by the independently verified Doconomy Åland Index.

Mohamed Al Jayyash, group chief operations officer at ADCB said the new partnership with Mastercard formed a key element of the bank’s initiative to promote sustainable business practices.

“ADCB has adopted an enhanced climate strategy, aligned with the UAE’s ambition for an inclusive, net zero economy,” he said. “At the core of our approach is a commitment to support our customers in their path to a successful transition.”

Adoption of the tool follows ADCB joining the UN-convened Net-Zero Banking Alliance in support of the goals of the Paris Agreement and aligns with its aim to bolster its green products and services to support its customers in the transition to a net zero economy.

“This partnership is a significant step forward in scaling up the positive impact of the carbon calculator and mobilising against climate change, leveraging our network to give businesses tools to have visibility into the environmental impact of their purchases,” said Khalid Elgibali, division president, Middle East and North Africa at Mastercard.

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