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Hsbc Bahrain To Rollout Recycled Plastic Payment Cards To Drive Sustainability Agenda | |
| Staff Writer |
HSBC Bahrain will soon issue sustainable payment cards such as HSBC’s debit, credit and commercial cards, as part of HSBC’s global initiative and will eliminate single-use PVC plastic by the end of 2026.
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This transition is expected to reduce global CO2 emissions by 161 tonnes a year, and save 73 tonnes of plastic per year and achieve net zero in its operations and supply chain by 2030 or sooner.
Ali Khunji, Head of Wealth and Personal Banking and Global Private Banking in Bahrain, said: “This is a positive next step by us at HSBC Bahrain on HSBC’s journey to net-zero in its own operations by 2030. The private sector has a vital role to play in reducing global carbon emissions and it is imperative that we take action now to build a sustainable future.”
“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,” said Ali.
Manufactured from waste materials, rPVC cards will significantly reduce plastic waste, which is one of the most pressing problems of our modern world. Migrating to recycled plastic also saves energy, limits oil consumption and reduces greenhouse gas emissions, to help mitigate global warming and reduce air pollution.”