BC Card and Seoul National University Jointly Develop Personal Carbon Emission Financial Index

Industry-Academia-Government Agreement on the 11th
Refining Measurement Using BC Card Data

BC Card and Seoul National University will advance the measurement of individual carbon emissions. They will enhance the carbon emission measurement system based on BC Card's online and offline consumer payment data.

Oh Seong-su, Executive Director of BC Card (right), and Jeong Su-jong, Director of the Seoul National University Climate Tech Center, are posing for a commemorative photo on the 11th at the BC Card headquarters in Jung-gu, Seoul, after signing an industry-academia-research cooperation agreement for the "Joint Research and Development of Personal Carbon Finance Index."

On the 11th, BC Card announced on the 12th that it signed a business agreement with Seoul National University Climate Tech Center at BC Card headquarters in Jung-gu, Seoul, for the "Joint Research and Development of Personal Carbon Finance Index."

The Seoul National University Climate Tech Center will develop a "Personal Carbon Finance Index" that measures carbon emissions according to individual consumption patterns based on BC Card's online and offline payment data.

They plan to develop a universal indicator that anyone can easily understand regarding the carbon emissions generated from individuals' daily consumption activities. Through this, they aim to spread public awareness of carbon neutrality.

As the industry's only pseudonymized information integration institution, BC Card will also combine and provide "item" data, which was difficult to verify with existing card payment data alone.

BC Card stated, "We will develop a more sophisticated indicator by reflecting not only carbon emissions per consumption item but also segmented consumption patterns by customer type, improving upon the existing measurement method that simply converts national-level carbon emissions into individual consumption amounts."

Based on the personal carbon finance index, the two organizations plan to discover low-carbon financial products and payment services to encourage public participation in carbon neutrality.

Oh Seong-su, Executive Director of BC Card, said, "By cooperating with the Seoul National University Climate Tech Center, we will actively contribute to accelerating nationwide carbon neutrality."