UOB EVOL Cardholders Can Now Offset 100% Of Their Electricity Carbon Footprintby Fintech News Singapore November 23, 2022
UOB EVOL cardholders will now be able to offset 100 percent or more of their household electricity carbon footprint for free when they charge SP Group’s (SP) utilities bills to their credit card.
The bank will fund and contribute 2 percent of the billed amount to purchase My Green Credits on the SP app on behalf of the customer.
My Green Credits is an affordable and convenient way for customers to get on the sustainability movement by greening their energy consumption through the purchase of “green credits” in the form of Renewable Energy Certificates (RECs).
The credits will be automatically reflected within the customer’s SP app, with no additional effort required from them when bill payments are made. This is available for both one-time and recurring SP bills payments.
Customers will be able to log on to the SP app to view and select their preferred projects to support with the complimentary My Green Credits.
EVOL card has a strong partnership with over 30 green partners to increase customers’ awareness of sustainability in their daily spending.
Additionally, the bank will also enable customers to easily access green deals, investments and banking products through the UOB TMRW app in November 2022.
Jacquelyn Tan, Head of Group Personal Financial Services, UOB said,
“Through our partnership with SP, we are happy to further support the younger generation’s sustainability goals with our UOB EVOL card.
This also shows UOB’s commitment towards sustainability, as we empower customers to work with us to tackle climate change and to forge a more sustainable future together.”
Luke Tang, Head of Strategy and Sustainability, SP Group said,
“We are pleased to partner UOB to catalyse behaviour that promotes sustainability and the use of renewable energy certificates on the SP App to green household electricity consumption.
As younger customers chart their sustainability journeys, we look forward to empowering them with green platforms and resources and collectively accelerate Singapore’s progress towards net zero.”