Press release -
Swedish impact-tech startup, Doconomy democratizes carbon footprint labeling
Doconomy is a Swedish impact-tech startup that aim to provide both consumers and brands with digital tools to help understand and reduce the climate impact of consumption. Doconomy is now providing a new tool that enables fast and reliable product carbon footprint calculations for brands and manufacturers.
The 2030 Calculator aims to enhance impact transparency and democratize fast and reliable product carbon footprint calculations. In turn readily available and consistent calculations enable labeling of all products, so that producers and consumers alike can contribute to reaching the cut in 50 % of emissions by 2030. Transparency will create a new kind of loyalty and brand preference, being able to compare products based on carbon footprint, not only quality and price, enables a much needed shift in consumer behavior, says Johan Pihl, Head of Innovation at Doconomy.
Calculating the carbon footprint of products has been difficult and costly, with regular LCA (Life Cycle Assessment) calculations taking weeks to complete per product. This creates a significant hurdle for brands that aspire to become more transparent. The challenge of product carbon footprint calculations is especially difficult for small- and medium-size brands, which is a problem since many are willing to carbon label their products. The 2030 Calculator can generate a result in minutes, at no cost, empowering brands to be more transparent and motivate consumers to choose lower-impact products.
“I warmly welcome the 2030 Calculator application. I am happy to see that climate considerations remain at the heart of innovation, and it gives me faith that the world can still win this fight,” says Patricia Espinosa, Executive Secretary of UN Climate Change.
The initial beta version of the 2030 Calculator, currently using emissions data from over 300 impact factors, is currently optimized for apparel, but will also allow for the calculation of other products. Future upgrades will include food & drinks, furniture and consumer electronics. The calculator, free to use, enables self-declared cradle-to-gate calculations.
Doconomy, a partner of UNFCCC, is launching the tool as part of their educational global climate impact ambition. It is also part of Doconomy’s overarching impact transparency concept, Planet Loyalty, that aim to establish carbon labeling as the foundation for conscious consumption. The 2030 Calculator has been developed and vetted (ISAE 3000) in collaboration with leading experts within the field of sustainability, data and climate impact such as LCA consultancy 2050 and Ernest & Young (EY).
The tool doesn’t aim to replace full life-cycle assessments. However, independent third-party testing results show high accuracy, making reliable calculations accessible for all.
”We believe business must play a significant role in helping the planet thrive,” says Kristina Kloberdanz, Chief Sustainability Officer, Mastercard. “We’re focused on creating products, services, partnerships, like with Doconomy, and experiences that enable people to reduce their carbon footprint. We believe it is not only about compensating for your carbon impact, but making better choices for the planet.”
With the release of the 2030 Calculator, https://www.2030calculator.com/ , Doconomy wants to encourage and invite businesses and institutions, to calculate footprint, share their data and collaborate in co-creating the most accurate, free calculator of carbon footprint of products.
Methodology & Data Sources
The 2030 carbon footprint for products calculation tool is based on a database of CO2e emissions data for the cradle-to-gate emissions generated by materials used for all parts and pieces of packaging of a product (by total weight of each product part and material), average energy use for product assembly (by product category, country location and type of energy used in assembly) and transportation (by total product weight, distance travelled and mode of transport between supplier, manufacturing facility and distribution center).
The material emissions factors used in the calculator have been sourced from a variety of validated, third-party, open data sources including ICE (The Inventory of Carbon & Energy by the University of Bath), IVL (the Swedish Environmental Institute) and DEFRA (the UK government Department of Energy, Foods & Rural Affairs). Energy data for European countries was sourced from AIB (the Association of Issuing Bodies) and for non-European countries from IEA (the International Energy Agency). Transportation distances are calculated using Google Maps Places API with emission factors sourced from NTM (the Network for Transport Measures). Dataincludes a blend of CO2 and (GWP normalized) CO2e values, with final carbon footprints calculated in kg CO2e.
Motion graphic, ”How it works”, 45 sek Eng:
Film, ”Brands testing The 2030 Calculator”, 01:55 min Eng:
For additional information, please contact:
Charlotte Henriksson, Media Support
+46 70300 01 72
Mathias Wikström, CEO
+46 70 815 32 03
Doconomy, founded in Sweden 2018, provide digital solutions to help track and measure the carbon footprint from consumption. Doconomy's service, DO, a mobile banking app, manage savings and promotes sustainable consumption. The Aland Index impact calculations in DO uses data, covering 99% of global market cap, through a unique partnership with Trucost, a part of S&P Global. Through Doconomy’s collaboration with UN Climate Secretariat/UNFCCC, to educate and engage individuals around climate action, additional innovative tools to explain our impact are also developed. Through the awarded innovation Åland Index, the possibility to engage customers in Everyday Climate Action is now rolled out to all banks and corporations in the world, under the concept Åland Index Solutions.