{"id":57494,"date":"2020-07-25T01:31:03","date_gmt":"2020-07-24T23:31:03","guid":{"rendered":"https:\/\/www.csregypt.com\/?p=57494"},"modified":"2020-07-25T01:31:03","modified_gmt":"2020-07-24T23:31:03","slug":"mastercard-takes-lead-for-sustainable-card-materials","status":"publish","type":"post","link":"https:\/\/csregypt.com\/en\/mastercard-takes-lead-for-sustainable-card-materials\/","title":{"rendered":"Mastercard takes lead for sustainable card materials"},"content":{"rendered":"<p dir=\"ltr\" style=\"text-align: left;\">MasterCard has taken the lead to using sustainable materials in manufacturing cards within the framework of ongoing efforts to ditch <a href=\"https:\/\/www.csregypt.com\/en\/hp-to-eliminate-75-of-single-use-plastic-packaging-by-2025\/\">single-use plastics<\/a>.<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\">\u00a0Mastercard\u2019s sustainable card offerings are available to consumers in over a dozen\u00a0countries globally and more than 60 financial institutions have issued cards with approved materials made from recyclable, bio-sourced, chlorine-free, degradable and ocean plastics. These institutions include Cr\u00e9dit Agricole and Mauritius Commercial Bank, as well as Santander, which will issue cards shortly.\u00a0 With this resource, banks can learn more about these alternatives, connect to card manufacturers and ultimately augment their own sustainability initiatives with a systemic change to their supply chain.<\/p>\n<p>This initiative is a new milestone in a multi-year effort that will lead to the launch of Mastercard\u2019s global certification scheme for approved sustainable cards.\u00a0 It builds on the Greener Payments Partnership (GPP) formed by Mastercard and card manufacturers Gemalto, Giesecke+Devrient and IDEMIA in 2018 to establish environmental best practices and reduce first-use PVC plastic in card manufacturing. \u00a0Six billion payments cards are produced each year, typically from PVC.\u00a0 These cards are replaced on average every three to four years, with discarded cards going to landfills across the world.<\/p>\n<p>\u201cOur goal is simple: we want to help banks offer more eco-friendly cards to consumers, and we are taking concrete steps to bring about that change.\u00a0 This way, everyone benefits \u2013 it\u2019s better for the environment, it\u2019s better for business and it meets evolving consumer needs,\u201d says Ajay Bhalla, president of Cyber &amp; Intelligence, Mastercard.<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\">\u201cWe\u2019re excited to see our efforts gaining traction in so many parts of the world and hope more organizations will join us, as we collectively use our power for good to address these urgent environmental challenges.\u201d<\/p>\n<p>Mastercard continues to invest in new technology and resources to bring insight to the global market in support of sustainable choice across all payment rails.\u00a0 Mastercard\u2019s Global DigiSec Lab in the UK, which works to maximize product innovation and security investments, has invested in technology that analyses the material makeup of a card to assess environmental claims on behalf of the industry, so that customers can be confident that any Mastercard they are issuing from a sustainable material has been evaluated and independently verified.\u00a0 In addition, the Lab is investing in leading academic research related to environmentally friendly ways to recycle existing plastic cards.<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\">\u00a0The company has an extensive track record in creating products, services, partnerships and experiences that enable consumers to make sustainable consumption choices that are better for the planet \u2013 easily, intuitively, to their benefit.<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\">Mastercard is committed to building\u00a0a more inclusive digital economy that works for everyone. That includes connecting 1 billion people and 50 million SMEs to the digital economy by 2025 and supporting 25 million women entrepreneurs grow their businesses.<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\">\n\u201cWe know our customers are looking for more sustainable products and looking for ways to effect positive change in the world. This approach has enabled us to not only deliver on a consumer need but also offer a product that\u2019s in line with our corporate sustainability values,\u201d says Marco Briata, Head of Digital &amp; Payments &#8211; Cr\u00e9dit Agricole Italia.<\/p>\n<p>\u201cMCB is fully committed towards protecting the environment and our local heritage. We are converting our cards portfolio to Polylactic Acid (PLA), which reduces traditional PVC use by more than 80%. In addition, every time that a customer uses our Mastercard debit card, we make a contribution to the Mauritian Wildlife Foundation to save threatened Mauritian species through the restoration of entire ecosystems,\u201d says Stephanie Ng Tseung, Head of Cards at MCB.<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\">\n","protected":false},"excerpt":{"rendered":"<p>MasterCard has taken the lead to using sustainable materials in manufacturing cards within the framework of ongoing efforts to ditch single-use plastics. \u00a0Mastercard\u2019s sustainable card offerings are available to consumers in over a dozen\u00a0countries globally and more than 60 financial institutions have issued cards with approved materials made from recyclable, bio-sourced, chlorine-free, degradable and ocean [&hellip;]<\/p>\n","protected":false},"author":410,"featured_media":57495,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6038,984],"tags":[6336,6251,9101],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - 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