Tech

Santander accelerates the rollout of eco-friendly cards across Europe

Banco Santander has promised to convert all 30 million payment cards across Europe to recycled plastic within the next four years.

By 2025, all debit, credit and prepaid cards in Poland, Portugal, Spain and the United Kingdom will be made from sustainable materials such as recycled PVC and corn-based plastic alternatives, according to banks.

The adoption of eco-cards is expected to save more than 1,000 tons of CO2 annually. This is equivalent to the energy consumption of nearly 1,000 households. Also, when the deployment, which started nearly two years ago, is completed, plastic usage will be reduced by 60 tonnes each year.

Santander Portugal launched its first portfolio of PLA cards in 2019, while Santander Spain continued last year.

Banks are also adopting new card brand refreshes, including an eco-logo, a unique design for each customer segment for easy identification, and a notch at the bottom of the card to aid accessibility for the visually impaired.

Antonio Simmons, Head of Europe for Banco Santander, said: “Reducing the unnecessary use of plastics is a very important step in the Group’s transition to a green economy. By migrating to the Eco Card, we reduce carbon dioxide emissions and achieve net zero carbon emissions. We support our ambition to do it. “

Last month, Santander announced its ambition to achieve net zero carbon emissions across the Group by 2050. This commitment applies to the Group’s own businesses, which are already zero net, and to all customer emissions arising from lending, advisory and investment services.

Santander accelerates the rollout of eco-friendly cards across Europe

Source link Santander accelerates the rollout of eco-friendly cards across Europe

Related Articles

Back to top button