QIB introduced first-of-its-kind carbon emission tracker on card spends

QIB introduced first-of-its-kind carbon emission tracker on card spends

Doha, Qatar – Qatar Islamic Bank (QIB), Qatar’s leading digital bank, in partnership with Visa and ecolytiq (Visa partner and a global company providing sustainability service solutions) announced an innovative feature to its Mobile App with the introduction of the Carbon Emission Tracker Feature. This innovative move sets a new standard in Qatar and the broader region, reinforcing QIB's commitment to reshaping the digital banking landscape with a focus on sustainability and environmental awareness.

In an initiative to combat climate change, QIB has integrated the Carbon Emission Tracker feature, a first-of-its-kind in Qatar, to instill environment-friendly card spend behavior among its customers. This cutting-edge feature aims to enlighten customers about the carbon emissions associated with every card transaction, encouraging them to embrace more eco-friendly financial activities. By fostering awareness and promoting sustainable consumption habits through integrated climate insights, the Carbon Emission Tracker Feature aligns with QIB's commitment to its collective responsibility to safeguard the planet for future generations. Users can now track their transactions and receive guidance on cultivating more responsible spending habits. With the introduction of this new feature, QIB will be able to calculate and account for its carbon footprint originating from its retail banking customer card spends. Some