Mastercard to remove first-use, PVC plastics from payment cards by 2028
Updated 4/6/2023 11:28:00 AM
Arab Finance: Mastercard is stepping up efforts to get rid of first-use, PVC plastics from payment cards on its network by 2028, according to an emailed statement on April 6th.
As of January 1st, 2028, all cards certified by Mastercard will be made from sustainable materials, including recycled or bio-sourced plastics such as rPVC, rPET, or PLA.
Hence, all newly Mastercard-certified cards will be validated by an independent third-party auditor that eventually will be imprinted with Card Eco Certification mark.
“Mastercard is committed to advancing climate action and reducing waste by driving our business toward net zero emissions and leveraging our network and scale to accelerate the transition to a low-carbon, regenerative economy,” Ellen Jackowski, Chief Sustainability Officer for Mastercard, said.
In 2018, MasterCard launched the Sustainable Cards Program, and more than 330 issuers in 80 countries have participated in it.
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