How to mitigate the environmental cost of payment cards?
In 2022, 26 billion plastic cards were in circulation, totalling 130,000 tons of plastic, 10 times the weight of the Eiffel Tower. In addition to PVC, payment cards are made of toxic materials that are hard to recycle and harmful when incinerated or left to decompose in landfills. The environmental impact of this continuous production of ephemeral items is substantial. Justine Morvan (Business Analyst, London) has looked at the various initiatives the payments industry can take to reduce the environmental impact. This article also describes the EDC Environmental Card Framework, a set of guidelines designed to limit the environmental impact of payment cards.
Issuers & Account Providers
Product Innovation
by EDC Team | Feb 01, 2024
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