UNIQUE BENCHMARKING TOOL TO MEASURE RELATIVE CARDHOLDER CARBON FOOTPRINT COMPARED TO IN-MARKET AND GLOBAL PEERS

The present disclosure relates to a method and system for calculating Carbon (CO2) emission scores from customer purchase data and creating a score-based numerical representation to represent the carbon footprint with respect to the cardholder’s green-score benchmark. The present disclosure suggests mapping the MCCs to purchased item-level information to obtain CO2 intensity multipliers. Thereafter, the net carbon emission value is calculated based on the transaction data associated with the purchased items. Further, a visual representation of the numerical scale score is created to represent the user green score/carbon footprint

A GREEN TRANSACTION TAGGING AND A METHOD OF ASSIGNING GREEN SCORE FOR CARDS

The present disclosure relates to a method and a system for developing a green merchant scorecard and calculating a green score for cards based on expenditure data. The present disclosure uses server data, uniquely combined with external emissions data, to quantify how green businesses are eventually consumed by the consumers. Thereafter the emission data may be used for underwriting and cross-selling of green bonds/green loans by targeting the right consumers. The present disclosure provides a solution for identifying green brands and is used directly to compute carbon reduction in a purchase