Home Visa Card Caixabank issues credit card made from recycled plastic

Caixabank issues credit card made from recycled plastic

CaixaBank provides its clients the primary card created from 100% recycled materials to be marketed in Spain.

This Visa & Pay product, which could be requested each in branches and on-line at www.CaixaBank.es by clients, is made totally from recycled PVC from sources corresponding to waste from the development business, plastic recycling baggage or waste from different playing cards, amongst others.

Recycled plastic Visa & Pay is one other step in the direction of the introduction of recycled supplies throughout all the vary of CaixaBank playing cards, which might imply the substitute of roughly greater than 18 million plastics at the moment in use.

The financial institution, chaired by Jordi Gual and with Gonzalo Gortázar as CEO, is a pioneer in Spain within the introduction of recycled supplies for monetary merchandise. In 2019 all the vary of the financial institution’s present playing cards (about 150,000 items per 12 months) already started to be manufactured from a biodegradable materials (polylactic acid, from corn starch), to facilitate its recycling and end-of-life disposal (most of two years, within the case of present playing cards).

CaixaBank plans to market 10,000 items of this new Visa & Pay throughout 2020. The brand new card manufactured from recycled plastic is designed for use as the same old card for patrons.

A card designed to respect the surroundings

The brand new recycled plastic Visa & Pay card provides the identical monetary providers as a Visa & Pay bank card, though it incorporates improvements in comparison with the same old requirements, corresponding to the opportunity of rounding up every buy for financial savings which, if desired, could be donated to an environmental NGO.

As well as, CaixaBank is dedicated to offsetting its carbon footprint and subsequently, on this marketing campaign, the financial institution will finance the planting of a tree for every new card.

Alliances and initiatives for the sustainability of the planet

CaixaBank is likely one of the main monetary establishments in mitigating the results of local weather change. The CDP organisation has included CaixaBank within the index of main corporations within the struggle in opposition to local weather change for the sixth consecutive 12 months.

In February 2019, the financial institution printed a Declaration on Local weather Change, a proposal with 5 traces of motion that features commitments associated to decarbonisation: finance options to deal with local weather change; handle the dangers derived from local weather change; minimise and offset the carbon footprint; collaborate with different organisations for a collective development; and report our progress in a clear means.

To this finish, CaixaBank promotes the digitisation of its card pool, funds renewable vitality tasks (€2.4Bn in 2019), funds tasks linked to the development in sustainability indices or environmental indicators (€919 million) and provides inexperienced loans ($1.54Bn in 2019). The monetary establishment additionally has a number of ecoLoans and ecoMicroloans traces (€10.2 million in EconFinance in 2019).

On the identical time, CaixaBank participates within the inexperienced bond marketplace for sustainable funding. Within the Bloomberg world rating, CaixaBank ranks 13th in financing syndicated inexperienced loans by quantity.

Likewise, the financial institution carries out cautious administration of environmental dangers, to keep away from, minimise, mitigate and treatment potential dangers to the surroundings or the group as a lot as doable. In February 2019, CaixaBank’s Board of Administrators authorised an Environmental Threat Administration Coverage which establishes exclusions for sectors with potential adverse impacts on the surroundings.

CaixaBank has an lively emissions discount coverage in place, which has resulted in a discount of 80% since 2009. As well as, the financial institution receives its electrical energy provide nearly totally from renewable sources and is the one one in Spain that offsets 100% of all its calculated emissions, together with oblique emissions.

The financial institution was the primary Spanish organisation included within the RE100 record, an initiative that goals to extend the demand and provide of fresh vitality. It is usually a part of the Spanish Inexperienced Progress Group, which advocates for financial development linked to a low-carbon financial system.

CaixaBank has additionally joined the United Nations Collective Dedication for Local weather Motion, a declaration that’s created inside the framework of the Ideas of Accountable Banking for the monetary sector to mobilise its merchandise, providers and relationships to facilitate the financial transition in the direction of a sustainable mannequin. The dedication goals to align the portfolios of monetary establishments around the globe to finance a low-carbon financial system, with the purpose of conserving world warming beneath two levels Celsius.

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