Over the years, Mastercard has been leading the payments industry forward to a more sustainable future. To help address issues of environmental pollution and climate change, the multinational financial services, collaborating with industry players, is running a sustainable card program – a directory of sustainable materials and vendors for card products that aims to make a sustainable choice the preferred option for all card issuers and financial institutions across the world.
The sustainable card offerings are currently available to consumers in over a dozen countries globally and more than 60 financial institutions – including Crédit Agricole and Mauritius Commercial Bank – have issued cards with approved materials made from recyclable, bio-sourced, chlorine-free, degradable, and ocean plastics. With the program, 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.
In an interview with Ventures