We are thrilled to announce our strategic partnership with XTCC, a company specializing in tradable financial instruments linked to high-integrity carbon credits. Together, we will focus on developing solutions for Finmaal customers to offset greenhouse gas emissions associated with their purchases, such as auto finance and car insurance, at the time of sale. This aligns with our commitment to operating as an ethical and socially responsible company to protect communities and the environment.
We believe that XTCC's expertise in global carbon markets will drive the development of innovative offset calculation algorithms. These algorithms will seamlessly integrate with Finmaal’s customer engagement digital applications, enabling our customers to make more sustainable choices.
The primary goal of this partnership is to integrate validated, measurable carbon offsetting solutions into everyday financial activities, thereby taking a significant step towards greater sustainability in the financial services industry.
This partnership empowers Finmaal customers to elect to offset Greenhouse Gas (GHG) emissions directly associated with the Finmaal products they purchase through its platform, marking a significant step forward in the integration of sustainability within financial services.
“We’re thrilled to partner with Finmaal, a company that shares our commitment to sustainability,” said XTCC CEO, Seth Elliott, “Through this collaboration, customers purchasing financial products, such as insurance and banking, will now have the option to offset their estimated carbon emissions during the transaction. This integration not only allows customers to see the specific impact of their choices but also empowers them to neutralise their carbon footprint more effectively. This partnership is an important step in XTCC’s strategy to enhance the inter-relationship between capital markets and the natural world.”
Muhammad Ashfaq-Ur-Rehman, CEO of Finmaal, added “As an ethical and innovative company, Finmaal is excited to partner with XTCC to offer our clients a straightforward way to contribute to global sustainability efforts, linked directly to their financial products and services. For example, we will be able to estimate a vehicle’s annual carbon emissions over time and give purchasers the option to offset these at the point of sale. This is more than just ticking a box; it’s about offering tailored, actionable steps toward carbon neutrality, integrated into the financial services they already use.”
By leveraging Finmaal’s advanced technology and customer engagement strategies, this collaboration will ensure that users are both informed and equipped to take advantage of the carbon offset opportunities available. Both companies are committed to promoting sustainability in financial services, recognizing that integrating carbon offsetting into everyday financial activities is a crucial step toward global environmental responsibility.
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