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The sustainable consumption index
The Sustainable Consumption Index combines Mastercard transaction insights with Doconomy’s Åland index. A platform for thought leadership around CO2e footprint from consumer spending.
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Why
Unveiling reduction
opportunities
In 2023, Swedes had an average individual carbon footprint of 8 tonnes per person per year, where 5 of those tonnes, or 60%, were derived from private consumption. The environmental impact of consumption in Sweden is a collective challenge. For us to reach our reduction targets as a country, we need to be able to track our consumption over time.
The Swedish Environmental Protection Agency — Sweden's governmental body responsible for proposing and implementing national environmental policy — sanctions that all Swedes must reach 1 tonne CO2e per person and year by 2050. This is because we’re legally bound by an international treaty, called the Paris Agreement, to limit our average global temperature increase to 1.5 degrees Celsius.
For Sweden to hold up its end of the Paris Agreement, it’s imperative we track our progress and begin to close our country’s intention-action gap.
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About the index
The Index is based on converting payment data into carbon footprint scores which allows for extrapolating the environmental impact of greener choices.
Sweden’s
total CO2e emissions over time
Sweden’s
total CO2e emissions over time
This index is calculated on the basis of Mastercard’s observed aggregated and anonymized debit transaction insights in Sweden over the past three years. The data has been adjusted for inflation and overall card transaction growth to arrive at a like-for-like comparison, to which we applied Doconomy's Åland Index to estimate the emissions of each spend.
What if everyone in Sweden switched to
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The Paris Agreement
Six years left
Nine years ago, in 2015, 197 nations signed the historic Paris Agreement. Sweden committed to cut our carbon emissions in half by 2030. By now, we only have seven years left to meet the target we set out to achieve, so tracking our progress towards reducing our consumption is of the essence.
For us to limit our average global temperature increase to 1.5 degrees Celsius, emissions need to be reduced by at least 45% by 2030 and reach net zero by 2050, at which point Swedes need to emit no more than 1 tonne CO2e per year, which is eight times less than our current average individual footprint.
Make sure to check back here for the latest report, as data is updated continuously.
"It's striking to observe these sustainable decisions within the context of payment transactions"
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Contact
Reach out to us for all partnership inquires regarding the Sustainable Consumption Index.