Fintech Pliant launches first corporate credit card with carbon offsets

CO2 emissions from business trips will be fully offset by the new credit card. This should not cost companies any money.

Berlin-based fintech Pliant is offering its customers a new credit card: "Anyone who pays for their travel expenses with the Pliant credit card in future can automatically neutralize their CO2 emissions," says Malte Rau, CEO and co-founder of Pliant. The feature can either be activated in the app or is automatically activated with a new "Pliant Earth credit card".

Pliant claims to offer the highest cashback rates on the market. Credit card companies generate revenue by charging vendors money when you pay. Some financial service providers pass on part of this turnover to customers in the form of cashback. Pliant now calculates the CO2 emissions of each trip and the amount of compensation and pays the compensation from the cashbacks. "Companies with high marketing expenditure and not such a high volume of travel still receive higher cashbacks with Pliant than elsewhere, even though their trips are offset in a climate-neutral way at the same time," promises Rau.