HSBC switches to recycled plastic payment cards

TDT | Manama

The Daily Tribune – www.newsofbahrain.com

HSBC Bahrain has announced that it is the latest business in the Group’s global programme to rollout sustainable payment cards and eliminate single-use PVC plastic by the end of 2026, in favour of recycled PVC plastic (rPVC). The programme – which sees HSBC’s debit, credit and commercial cards being made out of more sustainable rPVC - 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.

Based on the current volume of cards issued by HSBC per year (23m), the move to rPVC will reduce CO2 emissions by 161 tonnes a year. This will also reduce plastic waste - 73 tonnes per year; the weight of over 40 cars. Ali Khunji, Head of Wealth and Personal Banking and Global Private Banking in Bahrain, said: ““The move to rPVC underpins HSBC’s global and local ambition to build a thriving and resilient future, and is part of the bank’s transition to be a net zero business.”