UOB EVOL unveils feature for offsetting electric carbon footprint
Customers need only to charge their SP utilities bills to their UOB EVOL card.
UOB EVOL cardholders will now be able to offset 100% of their household electricity carbon footprint when they charge SP Group’s utilities to their credit card.
With this new feature, when customers charge SP utilities bills to their UOB EVOL card, UOB will fund and contribute 2% of the billed amount to purchase My Green Credits on the SP app on behalf of the customer.
For example, when customers charge a $90 utility bill to their UOB EVOL card, they will receive $1.80 worth of complimentary My Green Credits from UOB, equivalent to 2% of the billed amount.
My Green Credits is purchased at a cost of S$0.12 per 25 kWh, which will translate to offsetting 375 kWh (kilowatt hour) or equivalent to an average national 4-room HDB flat’s electricity usage. This is equivalent to offsetting 100 per cent of the home’s electricity carbon footprint, according to UOB.