Track Your Carbon Footprint
The only bank account in Portugal that estimates the Carbon Footprint of your expensesOpen Account
Track the environmental impact of your expenses
Get to know the amount of CO2e produced by your expenses, either by monthly total or by category.
Get a more realistic view of the CO2e produced by your spendings
Get to know the estimated translation of your expenses into km traveled, plastic bags and felled trees.
Compare the emissions of your expenses monthly
Get to know which transactions and expense categories have the greatest weight in your monthly emissions to follow your evolution.
moey! Green helps you to be greener
You have access to several tips to become more eco-friendly and change some of your habits. Discover everything on our blog.
Learn more about the moey! Carbon Footprint
What is the Carbon Footprint?
Your Carbon Footprint reflects the impact you are having on the planet. The Carbon Footprint in the moey! app is displayed as a unit of CO2e (carbon dioxide equivalents) and emissions calculations include the greenhouse gases included in the Kyoto Protocol:
- Carbon Dioxide (CO2)
- Methane (CH4)
- Nitrous Oxide (N2O)
- Hydrofluorocarbons (HFCs)
- Perfluorocarbons (PFCs)
- Sulfur hexafluoride (SF6)
To make it easier to read, the Carbon Footprint estimate in the moey! app is also presented in other measurement units. This way you can know that the greenhouse gases emitted by your spending are equivalent to miles driven, plastic bags used and trees cut down.
What is the purpose of tracking the Carbon Footprint?
Knowing our carbon emissions is essential to reduce them and thus slow down global warming, improving the quality of life of our generation and future generations. With the moey! app you can now track an estimate of your Carbon Footprint according to the categories that are assigned to your expenses and consult tips that can help you be more eco-friendly.
How is the Carbon Footprint calculated?
moey! uses a service from fintech Meniga called "Carbon Insight" to estimate your Carbon Footprint. "Carbon Insight" contains an estimate of the Carbon Footprint of about 80 spending categories and is designed to empower people in environmental issues by helping them become more aware of their own Carbon Footprint and letting them know its composition by spending categories.
The database that powers Carbon Insight and stores all the data about the Carbon Footprint of spending categories is called the "Meniga Carbon Index". To create the "Meniga Carbon Index" scientific research and databases that detail the flow of goods and services between regions and countries are used, as well as publicly available data on private consumption and the Carbon Footprint of goods and services.