webtrekker Posted October 22, 2022 Share Posted October 22, 2022 Australia’s Commonwealth Bank begins tracking transactions, links it to carbon footprint Surveilling transactions to nudge social change. By Ken Macon Posted 1:54 pm Share If you're tired of censorship, cancel culture, and the erosion of civil liberties subscribe to Reclaim The Net. Australia’s Commonwealth Bank (CBA) has added a new feature to its online banking software that tells customers their carbon footprint based on monthly spending. The move follows a partnership between the bank and CoGo, a company that provides carbon footprint management solutions. According to the bank, the national average of carbon emitted is 1,280 kilograms, while a sustainable figure is 200. The bank has provided the option to “pay a fee” to offset the carbon footprint. CBA said it does not share data with CoGo. It added that eventually the data will be broken down into each individual transaction. The bank calculates a person’s carbon footprint based on the transactions using their credit or debit cards. “By combining our rich customer data and CoGo’s industry-leading capability in measuring carbon outputs, we will be able to provide greater transparency for customers so that they can take actionable steps to reduce their environmental footprint,” CommBank Group executive Angus Sullivan said in a statement. “Our data capability will provide greater personalization for customers overtime, including more granular information about their carbon footprint with the option to offset individual transactions.” He added: “There are more opportunities for customers to take actionable steps to reduce and offset their emissions than ever before. From purchasing clean energy products via a 0.99 percent Green Loan and accessing renewable energy at wholesale costs with Amber, to customers now being able to offset their monthly transactions via the CommBank app using CoGo’s technology.” 1 1 Quote Link to comment Share on other sites More sharing options...
Tinfoil Hat Posted October 22, 2022 Share Posted October 22, 2022 Cheeky, invasive, prying, lying bastards! 2 Quote Link to comment Share on other sites More sharing options...
Grumpy Owl Posted October 23, 2022 Share Posted October 23, 2022 15 hours ago, webtrekker said: According to the bank, the national average of carbon emitted is 1,280 kilograms, while a sustainable figure is 200. The bank has provided the option to “pay a fee” to offset the carbon footprint. This is ultimately what it all boils down to, another form of 'tax', a way to extract more wealth out of people, and thanks to the success of the social engineering propaganda, the 'virtue-signalers' will happily pay this fee because it makes them think they are 'doing good'. 3 Quote Link to comment Share on other sites More sharing options...
RidgyDidgy Posted October 23, 2022 Share Posted October 23, 2022 whilst the not so well off get a constant guilt trip 1 Quote Link to comment Share on other sites More sharing options...
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