The rollout will start in the EMEA region, before being distributed globally
Citi has introduced Recycled PVC (rPVC) for its corporate cards.
The rPVC cards will be produced from recycled industrial plastic material that typically comes from industries such as printing and packaging.
The cards will go through an open-loop recycling process, meaning old products are transformed into new products delivering a significant benefit in the reduction of industrial plastic waste.
Every rPVC card will be made with 85% recycled industrial waste per finished card and represents a reduction in CO2 emissions during the card manufacturing process, delivering a reduction of 36% CO2 emissions in comparison to a standard PVC card.
Furthermore, to ensure that no unnecessary wastage occurs by replacing original cards that have not yet expired, the rollout will commence in EMEA in April 2022 and will be introduced globally in a phased manner.
The new Mastercard Citi cards will feature the Mastercard Sustainable Card Badge, which identifies cards that are made more sustainably and that meaningfully reduce energy consumption, material consumption, carbon footprint and waste. The badge serves as an everyday reminder of the commitments made to address sustainability concerns.
We’ve reported that US digital bank introduced payments ring.