Global payment technology firm Mastercard says it will remove first-use, PVC plastics from payment cards on its network by the year 2028.
Why?
This move accelerates Mastercard’s efforts to reduce the environmental impact of its cards and further reinforces its sustainability commitments.
“Mastercard is committed to advancing climate action and reducing waste by driving its business toward net zero emissions and leveraging its network and scale to accelerate the transition to a low-carbon, regenerative economy,” said Ellen Jackowski, chief sustainability officer for Mastercard.
Mastercard launched its Sustainable Card Program in 2018. Since then, over 330 issuers across 80 countries have signed up, working in partnership with card manufacturers to transition more than 168 million cards across its network to recycled and bio-based materials.
Across the world nearly 380M tons of plastic is produced each year. Most of which is first-use. From January 2028, all newly-produced Mastercard plastic payment cards will be made from more sustainable materials. Learn more: https://t.co/jfFmmBCUAC#earthmonth #sustainability… pic.twitter.com/GKPceNW37x
— Mastercard News (@MastercardNews) April 5, 2023