Tred are launching a Mastercard green debit card in the UK, enabled by global payments platform Nium’s card issuing service.
Our mission is to make your money work for both you and the planet, because it’s through your money that you can make an impact on climate change. Our first focus is to make everyday spending more sustainable through our debit card and accompanying app.
The Tred green debit card, made from recycled plastic, will be the UK’s first green debit card that gives you the all-in-one ability to track, reduce and offset your carbon footprint as your spend. Our app calculates your personalised carbon footprint based on your spending, and a tailored monthly subscription then lets you offset your exact carbon footprint by planting more trees or contributing to other climate change mitigation projects.
We’ll soon open up our Beta version for pre-registered users, as consumer interest in sustainable ways to pay accelerates alongside the 26th UN Climate Change Conference (COP26) in Glasgow, Scotland. To celebrate this ground-breaking launch, we’ll be planting 10,000 trees with Mastercard as part of its Priceless Planet Coalition, launched last year with a firm commitment to plant 100 million trees by 2025.
Peter Kirby, Co-Founder, Tred, said: “There is currently huge demand from individuals for greener spending solutions, which is proven by our recent crowdfunding round and the growth in our waiting list.
“Through our partnership with Mastercard, every time our customers buy a coffee or tap into the tube with their Tred card, the app will calculate the environmental impact of that transaction. We believe the repercussions of this could be game-changing, removing barriers to climate change action and empowering consumers to adjust their lifestyle habits.”
Scott Abrahams, Senior Vice President, Business Development, Mastercard UK & Ireland, added: “Recent Mastercard research highlighted that nearly half of Brits see reducing their carbon footprint as being more important now than pre-pandemic. As such, there is a strong and growing appetite for greener financial services like Tred’s, which will help to embed sustainability into every transaction, helping consumers to understand the impact of their purchases and turn that into meaningful action for our planet. We’re very pleased to add Tred to our growing Priceless Planet Coalition – uniting to help our planet thrive.”