Account and Dashboard
What is an Ecowalla score and how is it calculated?
Your Ecowalla score is calculated based on a combination of your carbon emissions and behaviours. Our team of quantitative analysts have created logic that calculates your emissions and awards points for sustainable behaviours like green investment. If you want to know more about how this works, check out this blog post.
What can I do in my dashboard?
The Ecowalla dashboard is a view into your sustainable life. It shows your Ecowalla score and carbon emissions per week, and breaks these down into 5 different categories: energy, transport, food, consumption and investment.
Based on your quiz results, we’ll recommend articles from the Ecowalla blog on topics to help you improve.
You’ll also see the badges you earn for earth-friendly habits like carpooling and eating a plant based diet.
Sustainability can be overwhelming and confusing, so we’ve made it a little easier by comparing your carbon emissions to relevant things like loads of washing or cups of coffee.
If you make changes in your life and want to see how they affect your score, you can just redo that section of the quiz, instead of redoing the whole thing. Stopped eating animal products? Just redo the food section. Driving less? Retake the transport section.
Why does Ecowalla need to know where I live?
Our quiz was created to make it as easy as possible for community members to calculate their footprint. So we ask questions that people will know the answers to and do the complex calculations in the background. To do these calculations, we use information about your location like the price of petrol and the average CO2 emissions per kwh for your location’s electrical grid. Knowing where you live makes it possible for us to do these calculations and determine your emissions.
I did the Ecowalla quiz before there was a dashboard, what do I do?
No problem, you just need to sign up for an account and your dashboard will show your results. We let you sign up with either Google or Facebook to make it quick and easy. The next steps depend on what email address you gave us when you did the quiz.
1. Signing up with a Google account that matches your Quiz email
2. Signing up with a Facebook account that matches your Quiz email
3. Signing up with a Google or Facebook account that doesn't match your Quiz email
How does it work?
Where your money goes is often one of the last things people think about when trying to live a more sustainable life. But it can have a huge impact if your hard-earned cash is funding fossil fuels or other damaging industries.
It can be super confusing when trying to find the right green investment and figure out how much impact you’re actually making. At Aurora, we like facts and we like making sustainability easy. So we allow you to invest straight from your dashboard and immediately see what impact your money will have.
Why is Aurora selling MIRIS investments?
The MIRIS Green Bond is the first sustainable investment that we'll be selling on Aurora. MIRIS uses a strict Green Finance Framework to select, track and report on projects. This framework sets out that all funds will be used in ways that benefit the environment. It’s also verified by an independent third-party company called Cicero, Norway’s leading climate research body. So we can be certain our community can see where their money is being used and what impact it’s making.
Where can I learn more about the MIRIS Green Bond?
You can learn more about the MIRIS Green Bond here but this is the key info:
- No high minimum: You can invest for as little as 100 Euros because you’re investing directly with MIRIS instead of through a bank or broker.
- Interest: You’ll receive 7% interest per year. Bonds are paid back after 3 years and you can watch your interest grow in real time on your Aurora dashboard.
- Secured payouts: The MIRIS Green Bond is issued by the parent company against cash, shares or other directly owned assets. So even if a project is unsuccessful, MIRIS as a whole is responsible for the pay out.
- Investor Memorandum: You can read more detailed info on the investment here.
- The legal stuff: World events outside of MIRIS’s control may impact plans and performance, having an effect on the value and returns of projects. Like all investments, there is risk involved. Tax rules may change and eligibility rules apply. We’re okay with second opinions. If you’re not sure this investment is right for you, please consult an independent financial advisor.
It’s an investment in Euros, so how do I do that if I live outside of Europe?
You’ll need to make an international transfer with your bank. You can usually do this through your internet banking platform or app. You’ll send the amount that you want to invest to the MIRIS banking details below. Once the money arrives with MIRIS, they will convert that into Green Bond. The Euro amount of Green Bond that you purchase may be slightly less than the amount that you sent because of your bank’s transactional fees and exchange rates.
Bank: DNB Bank
Account Holder: Miris AS
Account Number: 1250.61.66460
BIC (SWIFT): DNBANOKKXXX
When you’re looking for the type of payment that you want to do, it is sometimes called a SWIFT payment.
How does Aurora calculate the CO2 emissions saved by investing sustainably?
We did this calculation based on the operating energy requirement of the Svart hotel (a key project that the MIRIS Green Bond will fund) and compared this to the emissions of a traditional investment. The traditional investment that we chose to compare the emissions to was the ishares Europe ETF which tracks an index that consists of the 367 largest equity investments across 14 countries.
To determine the overall emissions of the index the top three companies by market cap were selected for each sector. The average carbon emissions for the top three companies per sector were calculated and reduced to a kg CO2 per euro value of the company. Each sector was then weighted in accordance with the composition of the selected ETF.
Based on the market analysis and available information on Svart, investing in the Green Bond will result in 98%* less carbon emissions than a traditional investment. We then used the assumption of a user investing 100 Euros a month for a year to determine the emissions saved and relevant comparisons to tangible items like coffee cups.