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Carbon removal marketplace Patch and Connect Earth partner to offer carbon removal projects to financial institutions

May 25, 2022

API-first environmental data company Connect Earth and leading carbon removal marketplace Patch have teamed up to offer financial institutions and fintechs a solution for addressing emissions, powered by Connect Earth’s carbon intelligence API.

Connect Earth’s data-driven API solution enriches financial transactions with carbon footprint calculations. Now, purchases made through banks and fintechs utilising Connect Earth’s carbon intelligence API can also leverage the Patch platform to seamlessly match every transaction with a carbon removal purchase.

As the public’s attention to the Climate Crisis grows, banks are using Connect Earth’s API solution to display carbon footprint estimates for financial transactions alongside the spend amount.

Through the Patch integration, consumers and companies can also seamlessly connect to trusted carbon removal projects that help neutralize emissions, moving one step closer to a climate positive economy.  

Alexander Lempka, CEO at Connect Earth, said:

“At Connect Earth, our focus lies on empowering consumers and companies to reduce the carbon footprint of their spending through behavioural change. However, we do know that some carbon emissions are unavoidable. Our partnership with Patch now enables us to empower the users of our customers to neutralise their carbon footprint with verifiable and long lasting projects”

Brennan Spellacy, CEO & Co-founder at Patch, said:

“The Connect Earth + Patch partnership is a win for the new, climate positive, economy. Combining the carbon intelligence of Connect Earth with Patch’s ability to automate removal purchases offers the financial sector a means to easily understand and quickly take action towards reducing their climate impact. We’re thrilled to be working with Connect Earth to help banks and fintechs reach carbon removal at scale”

For more information, please contact:

Alex Lempka, CEO, alex@connect.earth, https://www.linkedin.com/company/connect-earth-ltd

Katie Lyons, Global Communications Lead, katie@patch.io https://www.linkedin.com/company/usepatch 

About Patch:

Patch is building the infrastructure for a sustainable economy by enabling giga-tonne scale carbon removal. With Patch, companies can embed climate action into their own products, neutralizing the carbon impact of everyday transactions like shipping, travel and financial services. From API-integration to direct purchase capabilities, Patch is the marketplace for businesses and consumers to seamlessly contribute to trusted removals projects at any scale.

For more information, visit patch.io.

About Connect Earth:

Connect Earth is an environmental data company based out of London, building the infrastructure for climate-conscious products. We aggregate and standardise environmental data, and make it available through developer-first toolkits. Our core product is an API solution that calculates the carbon impact of spend-based financial transactions, consumers and companies. Connect Earth also works directly with ClimateTechs to offer bespoke data-driven products.

For more information please visit https://connect.earth