Sequest is reducing barriers to climate action by allowing individuals and businesses to understand, reduce and offset the carbon footprint behind their financial transactions. With our in-house carbon dataset, we are building a sustainability-as-a-service platform combining detailed automated analysis of the carbon footprint of financial transactions and the underlying goods and services, and an API for integrating with personal financial management and banking applications. In the future, our adaptable carbon dataset will be able to integrate into travel, investment, e-commerce and logistics platforms.

To date: We validated the hypothesis that users would take climate action related to their spend if it were simple. How: Twenty-five users sent their past two years of financial transactions via CSV-file. We converted their transactions into a carbon footprint and presented it to them in an easy-to-understand document, providing an option to become carbon neutral. 20% of the test gr...
Sequest is reducing barriers to climate action by allowing individuals and businesses to understand, reduce and offset the carbon footprint behind their financial transactions. With our in-house carbon dataset, we are building a sustainability-as-a-service platform combining detailed automated analysis of the carbon footprint of financial transactions and the underlying goods and services, and an API for integrating with personal financial management and banking applications. In the future, our adaptable carbon dataset will be able to integrate into travel, investment, e-commerce and logistics platforms.

To date: We validated the hypothesis that users would take climate action related to their spend if it were simple. How: Twenty-five users sent their past two years of financial transactions via CSV-file. We converted their transactions into a carbon footprint and presented it to them in an easy-to-understand document, providing an option to become carbon neutral. 20% of the test group paid to become carbon neutral. We have developed proprietary carbon tracking methodology and dataset for financial transactions has been built and has received commercial validation by a Spanish bank.

Currently, with support from Imperial College, we’re building on our carbon emissions datasets based on payments data from open banking categorisations and product purchases using digital receipts tools. We are also in the process of building our MVP web-app to validate the user experience, which we will also sell to fintech platforms alongside the carbon data APIs. In May our MVP will be complete. Over the next seven months, the user experience will be developed and tested with the help of the LSE’s Behavioural Psychology department to embed habit-forming feedback loops into the experience.

In the future, our adaptable carbon dataset will be able to integrate into travel, investment, e-commerce and logistics platforms.
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Employees

George Wiggin
Admin
George Wiggin CEO Obsessed with creating a frictionless experience for individuals and businesses to track, reduce and offset their carbon footprint.