One financial institution in Sweden is changing things for the better. An innovation by The Bank of Aland is using the power of its financial data and tools to help its customers understand the true cost of their consumption habits. Combining a mix of data sets including merchant codes, financial risk data and carbon pricing set by the World Bank, they have created the Aland Index together with Mastercard and KPMG. The Aland Index calculates the environmental impact of every purchase made on a customer’s credit card (which is made out of biodegradable materials by the way). A Monthly Impact Report is provided which analyses spending behaviour, along with the opportunity to offset impact, through options like contributing funds towards local or government initiatives.