With Bend any company or organization can automatically track and reduce their greenhouse gas emissions (for free!) as they earn 4% yield on deposits, and carbon removal credits with every purchase.
@samuel_french So, the short answer is not quite. Your mileage will vary depending on what your top spend categories are—for example, almost all of our expenses are software costs so our rewards offset about 50% of our monthly emissions (we then offset the remainder in a separate purchase). A company that travels a lot would have a higher average carbon intensity for their spend, so the rewards wouldn't go as far. But you can always opt in to our net-zero plan!
@nickyarmesch The short answer is, more than accurate enough to be credible. We do rate our assessments on a Confidence Score out of 10 to be fully transparent when we're using a more or less narrow factor. For example with our Amazon Business integration we can actually estimate the emissions from each line item product individually, which is definitely our sharpest method. More here though! https://usebend.com/how-it-works
@adamrturman Yep, good question. We'd argue that as much as companies like to have credit, few companies really need it. We have all the spend management features you'd expect; but you do need to fund your Bend account to start spending. Credit is on the roadmap though, so if it's important to you, definitely let us know!
@jdpigeon Like other card companies, we keep a percentage of the interchange as revenue. We also have rev-share with our offsets provider, Patch, and have enterprise SaaS subscriptions for customers that need more than our self-serve carbon accounting tools.
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