Aland index solutions

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Åland Index is continuously being updated and the 2.0 version, includes additional impact sources and more thorough analysis. As from today our customers using digital banking services get insight into their individual carbon footprint. This calls for innovative solutions and alliances, in close co-operation with leading players in the financial industry we can now offer every bank to engage with their customers, track their carbon footprint and to support them in acting on the insights day by day.

Consistent data and its analysis show the way. Nordea’s modern mobile platform with more than 1 billion touchpoints per year gives an excellent opportunity to visualise the environmental impact of everyday spending to our customers”, says Sara Mella, Acting Head of Personal Banking at Nordea.

Today Doconomy and Mastercard also extended their joint effort to combat climate change.

Åland Index as a global standard for impact calculations on everyday transactions aims to contribute with at least 1 billion ton in CO2 reductions by 2025.

“Since 2016, our Bank’s customers have been able to monitor the environmental impact through Åland Index.

aland index solutions

The commercial bank was founded in 1919 and has been listed on the Nasdaq Helsinki Oy (Helsinki Stock Exchange) since 1942.
The Bank of Åland’s Head Office is in Mariehamn. Read more about us on nordea.com.

About Ålandsbanken

Ålandsbanken is a bank with strong customer relationships and personalised service.

This institution protects the integrity of the user and the impact data as well the methodology which is at the center of the world’s most recognized impact calculator for daily transactions, helping everyone to understand their footprint and act on it to reduce emissions”, Peter Wiklöf, CEO Ålandsbanken states.

The Åland Index Solutions offering is also recognized and welcomed by the United Nations Climate Change Secretariat since the data will be instrumental for global calculations on individual level to come.

“We all need to understand the impact our lifestyle choices have on the planet and its climate.

So we are taking action to ensure our activities help protect the planet, improve people’s lives, and strengthen communities. The Bank has extensive financial investment expertise and at the same time can offer good financing services. The Aland Index, developed by partner bank Ålandsbanken, is used for impact calculations.

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About Ålandsbanken

Ålandsbanken is a bank with strong customer relationships and personalised service.

This is an important next step to continue progress and move from promise to action. That  validity and reliability is key to ensuring that our tools and the insights and recommendations they provide are trusted, adopted, and crucially drive tangible, measurable change.

IMPACT EXPERTISE

Our Climate Data & Methodology

Åland Index methodology is reviewed by EY.

Our methodology leans on the GHG Protocol choosing supplier specific data over.

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Independently Verified

Åland Index methodology is reviewed by EY. Our method leans on the GHG Protocol standards, which choose supplier-specific data over macroeconomic data.Therefore, calculations are based on real reported financial and environmental company data.

Industry-Leading Data

Data is delivered by S&P Global, the worldwide leading provider for environmental company information, enabling consumer access to the same robust environmental metrics that were previously only available to investors.

Complete and Comparable Data

While S&P Global covers upwards of 95% of global market cap, if company data is missing, environmental Input & output models and other public sources fill in the gaps to get comparable and complete data for all companies.

Continuous Updates

Data is continuously updated with the latest reported information which means that the index captures the most recent emissions data from global value chains.

Aligning to Global Standards

Emission factors are generated by combining company-reported and modeled data covering Scope 1, 2 and 3 emissions, thus including all greenhouse gasses stipulated in the Kyoto protocol.

Local Relevance

In order to capture local lifestyle factors that are not revealed by spending patterns, we provide local adjustment factors for more than 80 countries.

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Your Impact and Science Partner

Speak to our team of impact experts today

© 2025 Doconomy AB.

All rights reserved.

Doconomy AB is a company registered in Sweden (Corporate id number: 559163-0602).
Address: Doconomy AB, Östermalmsgatan 26A, 114 26 Stockholm.

© 2025 Doconomy AB. All rights reserved.

Bank of the West is one of the only major U.S. banks that has chosen to restrict the financing of activities harmful to the planet, and is also accelerating energy transition and developing renewable energy, making them the ideal partner for our entrance into North America.” said Helena Mueller, Head of Åland Index Solutions at Doconomy.

“Consumers have realized that their purchasing actions have the power to impact positive change.

Follow us on Twitter @MastercardNews, join the discussion on the Beyond the Transaction Blog and subscribe for the latest news on the Engagement Bureau.

About Nordea

At Nordea, we build strong and close relationships through our engagement with customers and society. The Bank has extensive financial investment expertise and at the same time can offer good financing services.

Together with Doconomy we are now happy to see our initial idea of spreading Åland Index and the awareness that comes with it to other banks and their customers, come true,” says Anne‐Maria Salonius, Director for the Bank of Åland in Finland.

Find out more at https://doconomy.com and at https://alandindexsolutions.com/

For more information, please contact:

Nathalie Green, CEO Doconomy

mobile: +46 70 606 93 05, [email protected]

Helena Mueller, Head of Åland Index Solutions, Doconomy

mobile: +46 73 0242451, [email protected]

Masse Benesch, Head of Communications

mobile: +46 73 314 14 34 [email protected]

About Doconomy

Doconomy AB, founded in 2018, is a fin-tech startup that aims to provide digital solutions to help use money as a tool for positive climate change.

Åland Index is the global index solution for CO2 emission calculations that guide consumers in their everyday consumption towards more sustainable choices.

“With Åland Index Solutions we can engage all financial players in the fight against climate change. Åland Index is continuously being updated and the 2.0 version, includes additional impact sources and more thorough analysis.

Equal Housing Lender. Whenever people strive to reach their goals and realise their dreams, we are there to provide relevant financial solutions. As the world comes together for the UN Climate Change Conference COP25, we’re putting even more power in the hands of people to have a positive impact on their – and the planet’s – future," said Nathalie Green, CEO of Doconomy.

Through Doconomy’s collaboration with United Nations Climate Change, to educate and engage individuals around climate action, additional innovative tools to explain the impact of our choices are being developed.

The commercial bank was founded in 1919 and has been listed on the Nasdaq Helsinki Oy (Helsinki Stock Exchange) since 1942.
The Bank of Åland’s Head Office is in Mariehamn.