The Yayzy app was released for iOS and it utilizes personal spending data to calculate the environmental impact of each purchase, an Android version will be released at a later date.
Users can link the Yayzy app to their bank account and a carbon footprint is calculated using data from Vital Metrics, which is also used by Google, Microsoft, and government organizations in both the United Kingdom and the United States. Each carbon footprint is broken down by the individual items purchased and customers can also sign up for a monthly subscription to carbon offsetting initiatives.
"Our solution with Yayzy is to make environmental impact ‘up close and personal’ and the action to tackle it super easy, all via your phone," said Mankaran Ahluwalia, the co-founder and CEO of Yayzy.
Carbon Footprint-Calculating Apps
The Yayzy App Can Calculate the Environmental Impact of Spending
Trend Themes
1. Carbon Footprint Tracking - Yayzy app calculates the environmental impact of each purchase, presenting opportunities for businesses to develop more sustainable offerings.
2. Personal Finance Apps - Apps like Yayzy that link to users' bank accounts provide opportunities for innovation in financial technology.
3. Carbon Offset Initiatives - The Yayzy app offers a subscription to carbon offsetting initiatives, highlighting the potential for growth in this market.
Industry Implications
1. Technology - The development of carbon footprint-calculating apps like Yayzy presents opportunities for tech companies to create software solutions that help individuals and businesses reduce their environmental impact.
2. Finance - The integration of personal finance apps with environmental impact calculations opens up new possibilities for financial institutions to offer green banking services.
3. Sustainability - Carbon offsetting initiatives can benefit from partnerships with apps like Yayzy that facilitate easy and convenient participation in sustainability efforts.