Interactive Brokers launches Carbon Offsets for socially-conscious investors

Rick Steves

“Carbon Offsets makes it easy for our clients to participate in the emerging collective culture dedicated to stewarding our planet while investing in companies that further align with their values through the IMPACT app.”

Interactive Brokers has launched a new feature available through its socially-conscious mobile trading app IMPACT.

Carbon Offsets empowers investors to make a lasting environmental difference by easily reducing individual carbon emissions using the same trading platform designed to streamline the sustainable investing process for any investor.

Investing in companies that align with their values

Will Peterffy, ESG Director at Interactive Brokers, said: “Sustainability and environmental consciousness are not isolated aspects, they speak to a collective culture. A culture that is aware of the interconnected nature of our global community. As a result, we continue to develop products that are in service to this collective culture. Carbon Offsets makes it easy for our clients to participate in the emerging collective culture dedicated to stewarding our planet while investing in companies that further align with their values through the IMPACT app.”

Building on the simplicity of IMPACT, investors can now use the Carbon Offsets tool to select from either greenhouse-gas emitting activities related to household, transportation and food, or enter a specific amount of carbon to offset in dollars or tons.

Interactive Brokers seamlessly sources and retires the Carbon Credits at the appropriate agencies enabling investors to fully or partially reduce their carbon footprints, while achieving broader sustainability goals.

Plus, the tool reports the number of tons of carbon neutralized in both the app and on account statements giving clients the ability to track their progress toward lowering their carbon footprints.

IBKR has partnered with Sustain.Life to provide emissions data for each carbon emitting activity available in the app. The SaaS platform provides ESG tools that enable the measurement and management of their carbon emissions. The Carbon Offsets tool is available in the IMPACT app for clients of IB LLC.

Earlier this month, Interactive Brokers launched a new stock trading app designed for both novice investors and experienced stock traders.

IBKR GlobalTrader lets investors make deposits in up to 23 different currencies, with deposits being automatically converted at interbank rates into the currency needed to buy and sell stocks across markets and geographies.

The mobile app features the GlobalAnalyst scanner which helps investors identify investment opportunities worldwide.

Trading costs with IBKR GlobalTrader are transparent and low. For investors outside the U.S., commissions start at just USD 0.0035 per share and U.S. residents enjoy zero commissions on U.S. stocks. Commissions on Forex transactions are 3bps (0.03%) times the trade value, with no hidden spreads or markups.

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