ABN AMRO Ventures invests in Doconomy to engage clients in climate action globally

• Doconomy empowers banks, brands and consumers to reduce environmental impact

• The investment substantiates Doconomy’s position as a market leader in impact tech as well as a growing market demand to support measurability in behavior change and drive climate action

Stockholm, 18th May 2022

Doconomy, a leading player In climate technology that helps banks, brands and consumers to track, measure, understand and reduce their environmental impact, has teamed up with ABN AMRO to accelerate its goal to help one billion people each cut one tonne of carbon emissions per year.

ABN AMRO Ventures will join existing investors, including CommerzVentures, Ingka Investments, Citi Ventures, Mastercard and Ålandsbanken. The strategic compilation of investors secures global reach and expertise in banking as well as consumer goods with Ingka Group, operating IKEA retail in 32 markets with hundreds of millions of customers.

Doconomy's technology is currently active in 33 countries by some of the world's leading banks and brands to help their customers track the environmental impact of what they buy, promoting more sustainable choices. These now include major financial services firms such as, BNP Paribas, Klarna, Nordea and Standard Chartered. The company’s products already reaches over half a billion customers globally and it aims to make its services available in 20 additional markets in 2022. It has pioneered a number of game-changing products Including the Doconomy Impact API, through which companies such as Mastercard can enable their customers to track the environmental footprint of each purchase they make and set themselves Individual carbon budgets. It also developed the 2030 Calculator, a tool that allows brands to quantify the carbon footprint of the products they manufacture using a common universal scoring system, levelling the playing field by giving small, local challenger brands a shared tool for creating awareness and transparency.

At COP26, Doconomy in partnership with the United Nations Climate Change (UNFCCC) launched the Lifestyle Calculator, helping consumers to measure the Impact generated from their lifestyle choices In over 120 countries. With the recent launch of the 2.0 version there is now an opportunity for every brand to take part.

The collaboration accelerates Doconomy’s continued expansion and supports the further development of its Impact Applied portfolio; enabling environmental impact calculations on products, financial transactions, lifestyle and global companies to inspire further climate action worldwide.

“We are excited and proud to both partner with and invest in Doconomy. As a market leader and a company with strong positive impact on the environment Doconomy fits well with our ambitious strategy going forward. Both ABN AMRO and Doconomy have great ambitions in shaping tomorrow’s language for impact and engaging the many. With Doconomy we see a big potential in developing products and solutions to support our clients to track, measure, understand and reduce climate impact as well as direct capital for sustainability efforts.”, says Maarten Terlouw, Chief Sustainability Officer, ABN AMRO Group

“Doconomy aims to empower positive change through a much needed shift to greater transparency.
Doconomy already enable this at the transaction and product level and, accelerate it through our rapidly expanding partnerships. In addition to the corporate coalition of the climate ambitious who already work with Doconomy, we are thrilled to also have the support of the corporate venture team of ABN AMRO. They see our efforts and recognize both the potential and urgency of our mission.”, says Mathias Wikström, co-founder and CEO, Doconomy

For additional information – please contact:

Mathias Wikström, co-founder & CEO

mathias.wikstrom@doconomy.com +46 708 15 32 03

About Doconomy

Doconomy, founded in Sweden in 2018, is a world leading provider of applied impact solutions. Doconomy wants to future-proof life on planet earth by empowering individuals and corporations to take responsibility for their environmental footprint. We firmly believe that the climate crisis can only be solved as a collective. Doconomy is also a partner of the United Nations Framework Convention on Climate Change (UNFCCC), Mastercard, S&P Trucost, the World Wildlife Fund (WWF), Mitsui, and Parley for the Oceans. Visit www.doconomy.com for more information.

About ABN AMRO Ventures
ABN AMRO Ventures is the corporate venture capital arm of ABN AMRO Bank. The fund’s mission is to make strategic investments in technology companies which are relevant for the bank and the digital transformation of its products and services. The fund totals €150m and currently has a portfolio of 20 companies. Find out more: https://www.abnamro.com/en/about-abn-amro/product/abnamro-ventures