Santander Brazil introduces credit cards fabricated from repurposed plastic
In a significant step towards a greener economy, Santander has announced plans to distribute recycled plastic cards in Spain, the UK, Poland, and other regions as part of its commitment to achieving zero net greenhouse gas emissions by 2050.
The financial giant aims to channel €220 billion by 2030 to help its customers transition to a sustainable economy. By 2025, all debit, credit, and pre-paid cards across the mentioned countries will be made of sustainable materials.
Rogeiro Panca, head of Cards at Santander Brazil, assures that the quality and durability of the cards will remain the same despite the eco-friendly makeover. The rollout of these environmentally friendly cards is being accelerated in the Europe region by Santander.
This initiative will help Santander avoid emitting up to 109 tonnes of CO2 and producing almost 50 tonnes of plastic waste. The company will start with the distribution of 1,500 recycled PVC cards to customers in Q1 2022, focusing on its best-seller, the SX card, and the Elite card.
Santander Portugal is transforming expired cards into street furniture, demonstrating the bank's commitment to sustainability. The bank also encourages customers to recycle their current cards and discard plastic correctly.
The recipients of these eco-friendly cards are customers of companies linked to Santander that follow ESG practices (Environmental, Social, and Governance). This move is part of Santander's broader strategy to promote environmental responsibility across its global markets.
Santander announced its ambition to reach zero net carbon emissions across the group by 2050, aligning with the climate change goals set in the Paris Agreement. The bank's commitment to sustainability extends beyond credit cards, as it continues to explore ways to reduce its carbon footprint and contribute to a greener world.
Santander's €220 billion investment in sustainable economy by 2030, as part of their climate-change goals, is a crucial stride in environmental-science. This move, aimed at helping customers transition to a greener economy, includes the distribution of recycled plastic cards, a step that will help prevent up to 109 tonnes of CO2 emissions and nearly 50 tonnes of plastic waste.
