Slovak Vacuumlabs helped to develop a unique CO2 calculator
August 27, 2021

Swedish impact-tech startup Doconomy aims to facilitate the selection of products according to their carbon footprint. Vacuumlabs, the Slovak technological company that develops fintech solutions for companies worldwide, has helped Doconomy to develop and create 2030 Calculator, a digital tool freely available to companies and consumers to calculate their carbon footprint impact.Vacuumlabs also developed SDK (software development kit) for Doconomy that banks and other institutions can integrate into their apps to give customers the information on emissions generated by their purchases across spending categories.

Vacuumlabs has been developing The 2030 Calculator for Swedish company Doconomy, which became known for its DO Black credit card. DO Black card is the first credit card in the world that limits spending not on available credit, but on the levels of CO2 emissions caused by the owner's purchases. Doconomy believes that transparency linked to the carbon footprint will create new forms of loyalty programs and brand preferences. Customers will no longer compare products only based on price and quality, but also on the basis of the carbon footprint, which will represent a much - needed shift in consumer behaviour.

How does the 2030 Calculator work?

The 2030 Calculator is an online tool that any brand or manufacturer can use to quickly calculate their products' carbon footprint. It contains information on emissions of the product or service from its production, through transport, to the moment of sale, completely free of charge. Material, packaging, transportation, or energy consumed in the production process - really everything is considered.

"I believe that what our teams are working on can change the world for the better. At the same time, we can show that even though money still moves the world, we can change the way we use it. That's why the partnership with Doconomy was a clear choice. The team of our three developers managed to create the 2030 Calculator in three months, and we are working with Doconomy on other products as we speak. We believe that companies with such a clear vision and the intentions to make our world better deserve the best development teams in the world," said Matej Ftáčnik, co-founder and CXO of Vacuumlabs. 

The ultimate goal is to introduce carbon labeling of products

Doconomy, as a partner of the UNFCCC, introduces this tool  as part of its global education program and as a part of the umbrella concept - Planet Loyalty, aimed at introducing carbon labeling of products as a basis for conscious consumer consumption. Doconomy is supported on its journey not only by big brands like Mastercard, but also by governmental organizations. 

Patricia Espinosa, Executive Secretary of the United Nations Framework Agreement about climate change, commented on the project: "I warmly welcome the 2030 Calculator application.

I am happy that innovation is responding to climate change. It gives me faith that we can still win this fight. "

With its products, Doconomy responds to the Emission Gap Report, which the UN published in 2018, and recommends reducing carbon dioxide production by 50% to promote sustainability and save the climate. Given that more than 60% of the production of this greenhouse gas is associated with human consumption, Doconomy has decided to create tools that can help every individual to understand and reduce their impact on the carbon footprint and make fully aware and responsible shopping choices.

By launching the 2030 Calculator, Doconomy wants to encourage and invite all companies and organizations to calculate their carbon footprint, share their data and collaborate on creating the most accurate product CO2 emissions calculator available to everyone free of charge.

You can find more information on the collaboration between Vacuumlabs and Doconomy https://vacuumlabs.com/projects/doconomy

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