Mastercard Promoting Sustainable Credit Cards

Mastercard Inc. is promoting the use of sustainable credit cards, helping issuers in more than a dozen countries offer cards made from recyclable, bio-sourced, chlorine-free, degradable and ocean-safe plastics.

[Mastercards:] “Our goal is simple: we want to help banks offer more eco-friendly cards to consumers, and we are taking concrete steps to bring about that change… This way, everyone benefits, it’s better for the environment, it’s better for business and it meets evolving consumer needs.”

To promote greater use of environmentally conscious cards, the company is rolling out a new directory of sustainable materials and vendors so that banks can more easily offer ecofriendly versions. Mastercard said more than five dozen FIs, including Crédit Agricole and Mauritius Commercial Bank, have already issued cards with approved materials. Santander also plans to issue similar cards shortly.