NatWest bank is using customer account data to calculate their carbon footprint and urging them to adopt environmentally friendly practices such as going vegetarian and driving electric cars. The bank claims this feature is aimed at helping customers understand their carbon impact. Bankers in the ESG debt markets are seeking legal protections to avoid greenwashing allegations. The move by NatWest to monitor customer spending for green reasons has sparked a discussion on the need for Central Bank Digital Currencies (CBDCs).
NatWest's Net Zero Nagging Makes the Case for CBDCs The news that NatWest has begun to nag its customers about their spending for green reasons makes the case for CBDCs, according to one IT specialisSummary by The Daily Sceptic https://t.co/MhyyYdFzkc
The news that NatWest has begun to nag its customers about their spending for green reasons makes the case for CBDCs, according to one IT specialist. https://t.co/v4nqyquvVl
Bankers servicing ESG debt markets are now actively seeking legal protections to guard against the potential greenwashing allegations https://t.co/Lf0xh1Adh3
Bankers servicing ESG debt markets are now actively seeking legal protections to guard against the potential greenwashing allegations https://t.co/ASsSfeSBEx
NatWest combs customer accounts – and tells them to go vegetarian Bank says feature is designed to ‘empower customers to understand their carbon impact’ https://t.co/dwKoaWrr6g
NatWest bank is telling customers to stop eating meat and to drive electric cars after combing their accounts to calculate their carbon footprint. https://t.co/FoX77Tg8gr