Recycled plastic payment cards launched by HSBC bank in Sri Lanka

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COLOMBO, 26 April, 2021 (TON): HSBC today announced the rollout of sustainable payment cards made from 85% recycled plastic in Sri Lanka.

The new cards, with a vertical design, will be initially issued to HSBC’s Premier customers in April and subsequently to all other credit/debit card customers, later this year.

The rollout is part of a new program launched by the bank to introduce sustainable payment cards across all its global locations.

By the end of 2026 HSBC will eliminate single-use PVC plastic, in favor of recycled PVC plastic (rPVC).

However, the program includes HSBC’s debit, credit and commercial cards and 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.

 

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