Amsterdam-based Backbase, a fintech unicorn, announced on Monday that it has been certified as carbon neutral according to The CarbonNeutral Protocol, the leading global framework for carbon neutrality.
In partnership with Climate Impact Partners, an expert in carbon market solutions, Backbase offset its 2022 carbon emissions of 7,029 tonnes of CO2e, as calculated by carbon accounting specialists Normative.
The carbon credits used by the Dutch fintech company adhere to the International Carbon Reduction and Offset Accreditation (ICROA) standards.
To reduce its carbon footprint, the company is supporting four carbon reduction projects in Bangladesh, India, Indonesia, and Uruguay.
These projects not only help to cut carbon emissions in these countries but also create jobs and economic opportunities for local communities.
The projects includes:
- Clean cooking technology (Bondhu Chula stoves), Bangladesh
- Orb Rooftop Solar, India
- Rimba Raya, Indonesia
- Degraded Grasslands, Uruguay
Backbase has committed to reaching a net-zero carbon emissions goal and is currently working on developing science-based targets and implementing emission-reduction measures that are verified by third-party accountants according to industry standards.
Some of the measures the company is taking to achieve this goal include:
- Reducing energy use in its offices and switching to renewable energy where possible
- Engaging with suppliers to drive sustainable climate action, minimising travel, and encouraging less carbon-intensive transportation
- Continuous monitoring of Backbase’s greenhouse gas emissions across the globe
“Our ambition at Backbase is to empower people around the world to live better financial lives, but our legacy shouldn’t be limited to our technology. Offsetting and ultimately reducing our carbon emissions improves the well-being of all people, regardless of whether they are our customers,” says Jouk Pleiter, Founder and CEO of Backbase said.
“If we want to be in a long-term partnership with our customers, then we need to make environmental decisions with a view to our long-term impact,” adds Pleiter.
Backbase: Revamping the banking system
Founded in 2003 by Jouk Pleiter, Backbase is a fintech company on a mission to re-architect banking around the customer.
The Amsterdam-based firm created the Backbase Engagement Banking Platform, a unified platform with the customer at the centre, empowering banks to accelerate their digital transformation.
From customer onboarding, to servicing, loyalty, and loan origination, the company’s single platform improves every aspect of the customer experience.
According to the Dutch firm, its Engagement Banking Platform can be easily plugged into existing core banking systems, and comes pre-integrated with the latest fintechs so financial institutions can innovate at scale.
Over 150 financials around the world have embraced the Backbase Engagement Banking Platform. These include Advanzia, Banco Caja Social, Banco de la Nacion Peru, Bank of the Philippine Islands, Citizens Bank, Greater Bank, HDFC, Judo Bank, KeyBank, National Bank of Bahrain, Natwest, Raiffeisen, Standard Bank, Société Générale, and TPBank.
With global headquarters in Amsterdam, Backbase has regional offices in Atlanta (Americas HQ), Boise, Mexico City, Toronto, London, Cardiff, Dubai, Kraków, Singapore, Sydney, and Tokyo.
