HSBC switches to Recycled Plastic Payment Cards
Transition will reduce CO2 emissions by 161 tonnes a year, and save 73 tonnes of plastic per year
HSBC is announcing a new programme to introduce sustainable payment cards across all its global locations. By the end of 2026 it will eliminate single-use PVC plastic, in favour of recycled PVC plastic (rPVC).
The programme - which includes HSBC’s debit, credit and commercial cards - is part of the bank’s strategy to reduce its carbon emissions and achieve net zero in its operations and supply chain by 2030 or sooner.
Working with global cards manufacturer IDEMIA, the bank will introduce new cards gradually across its locations. Rollout started in Malaysia in January 2021 and will continue in Sri Lanka this month; followed by the UK this summer. It will then extend across further countries and...