Mastercard, Gemalto, Giesecke+Devrient and
IDEMIA Commit to Develop Environmentally Friendly Cards
For many years, the idea of going green in payments has been
limited to linking purchases and accounts with donations to
environmental causes and carbon offsets. These programs have had an
impact in terms of awareness and raising much-needed funds. Now,
there’s an opportunity to put these efforts into action across a
broader part of the payments industry.
Today, Mastercard and card manufacturers Gemalto,
Giesecke+Devrient and IDEMIA launched the Greener Payments
Partnership to establish environmental best practices and reduce
first-use PVC plastic in card manufacturing.
Roughly six billion plastic payment cards are made each year,
according to The Nilson Report. While Mastercard analysis shows
that this is less than 0.015 percent of the volume of plastic
manufactured each year, there is room to improve that through the
use of alternative materials.
“Consumers are increasingly moving from cash to card as they
look for greater security and sustainability,” commented Ajay
Bhalla, president, cyber and intelligence solutions, Mastercard.
“This partnership will help us and our industry reduce first-use
plastic in cards. Together, we can build on recent research and
tests and drive adoption of environmentally friendly materials on a
larger scale.”
Research and analysis into recyclable, bio-sourced and
bio-degradable materials is already underway and now included in
this remit. The partnership commits to accelerating that research
with the goal of delivering globally available solutions to reduce
first-use PVC plastic in card manufacturing in a matter of
years.
“Responsible use of natural resources and protection of our
climate and environment are core elements of G+D’s Corporate
Responsibility policy. We are committed to ensuring that our entire
value chain is sustainable and to continuously reducing our
ecological footprint. As a participant of the Greener Payment
Partnership we work on the standardization of bio-sourced materials
in payment cards. It is the way to step forward to an
earth-friendly solution, reducing petroleum based materials,” says
Gabrielle Bugat, Head of the Financial Services Division at
Giesecke+Devrient Mobile Security.
The group will also ensure best practices around how materials
are evaluated, including environmental impact benefits and the
ability to meet increasing consumer concerns around the impact of
plastic globally.
“It’s no secret that we all need to change the way we live and
consume to reduce the impact we’re having on our planet. For
IDEMIA, it’s essential as an industrial leader to effect change for
the better and play our part to reduce, for instance, our reliance
on plastic,” said Pierre Barrial, executive vice president for
financial institutions activities at IDEMIA. “We’re delighted to
partner with Mastercard to deliver viable, environmentally friendly
alternatives that bring positive change to the industry as a
whole.”
“Environmental-friendly products are now a priority for all
stakeholders in the payment eco-system,” says Sylvie Gibert, senior
vice president of payment cards, Gemalto. “We are committed to
supporting this partnership formed by Mastercard, and we have
already adopted sustainable practices in our banking card business.
This initiative comes at a time where we see a growing interest
from the banks for greener cards.”
A Track Record of Sustainability
In 2016, Mastercard partnered with the Finnish Bank of Åland,
WWF Finland, KPMG and Gemalto to create a credit card made of
renewable and biodegradable materials. This program also provides
consumers with suggestions on how they can reduce their carbon
footprint and suggests ways they can reduce their impact.
The Green Payments Partnership is just one of the ways
Mastercard is looking to encourage more sustainable practices
within and outside of the company. The company became the first
payments player recognized by the Science Based Targets initiative
(SBTi) for committing to 20 percent reduction in greenhouse gas
emissions by 2025 in support of the goals of the Paris Agreement
and is one of only 150 publicly traded companies listed in the Down
Jones Sustainability North America Index. In addition, Mastercard
has achieved 100 percent renewable energy across its global
operations. This comes as the company has diverted 100 percent of
its electronic waste and 62 percent of its global waste from
landfills.
For additional information about Mastercard’s sustainability
efforts, please visit
http://sustainability.mastercard.com/mastercard-corporate-sustainability-report-2017/.
About Mastercard
Mastercard (NYSE: MA), www.mastercard.com, is a
technology company in the global payments industry. Our global
payments processing network connects consumers, financial
institutions, merchants, governments and businesses in more than
210 countries and territories. Mastercard products and
solutions make everyday commerce activities – such as shopping,
traveling, running a business and managing finances – easier, more
secure and more efficient for everyone. Follow us on
Twitter @MastercardNews, join the discussion on
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Blog and subscribe for the latest news on
the Engagement Bureau.
About Gemalto
Gemalto is the global leader in digital security, with 2017
annual revenues of €3 billion and customers in over 180 countries.
We bring trust to an increasingly connected world. From secure
software to biometrics and encryption, our technologies and
services enable businesses and governments to authenticate
identities and protect data so they stay safe and enable services
in personal devices, connected objects, the cloud and in
between.
Gemalto’s solutions are at the heart of modern life, from
payment to enterprise security and the internet of things. We
authenticate people, transactions and objects, encrypt data and
create value for software – enabling our clients to deliver secure
digital services for billions of individuals and things.
Our 15,000 employees operate out of 112 offices, 43
personalization and data centers, and 30 research and software
development centers located in 48 countries. www.gemalto.com
About G+D Mobile Security
G+D Mobile Security is a global mobile security technology
company headquartered in Munich, Germany. The company is part of
the Giesecke+Devrient group. G+D Mobile Security has a workforce of
5,700 employees and generated sales of approximately EUR 812 m in
the 2017 fiscal year. More than 40 sales and partner offices as
well as 20+ certified production and personalization sites and data
centers ensure customer proximity worldwide.
G+D Mobile Security manages and secures billions of digital
identities throughout their entire life cycle. Our products and
solutions are used by commercial banks, mobile network operators,
car and mobile device manufacturers, business enterprises, transit
authorities and health insurances and their customers every day to
secure payment, communication and device-to-device interaction. G+D
Mobile Security is a technology leader in its markets and holds a
strong competitive position. For more information, please visit:
https://www.gi-de.com/de/de/mobile-security
About IDEMIA
OT-Morpho is now IDEMIA, the global leader in Augmented Identity
for an increasingly digital world, with the ambition to empower
citizens and consumers alike to interact, pay, connect, travel and
vote in ways that are now possible in a connected environment.
Securing our identity has become mission critical in the world
we live in today. By standing for Augmented Identity, we reinvent
the way we think, produce, use and protect this asset, whether for
individuals or for objects. We ensure privacy and trust as well as
guarantee secure, authenticated and verifiable transactions for
international clients from Financial, Telecom, Identity, Public
Security and IoT sectors.
OT (Oberthur Technologies) and Safran Identity & Security
(Morpho) have joined forces to form IDEMIA. With close to $3
billion in revenues and 14,000 employees around the world, IDEMIA
serves clients in 180 countries.
For more information, visit www.idemia.com / Follow @IdemiaGroup
on Twitter
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version on businesswire.com: https://www.businesswire.com/news/home/20181018005940/en/
Mastercard CommunicationsJulia Monti,
+1-914-217-9533Julia.monti@mastercard.com
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