CaixaBank to release biodegradable cards
Spanish financial, CaixaBank, will begin releasing its first biodegradable cards next month, expecting to roll out around 150,000 of them each year.
Made up of corn starch and biomass, the new material cuts the company’s card-making carbon footprint in half.
The bank will also be introducing a new refuge system where customers can recycle their plastic and biodegradable cards within its branches.
These initiatives contribute to the wider aims laid out by the United Nations’ Sustainable Development Goals.
The card can be found in any CaixaBank branch in the format of a gift card, and from now on all gift cards issued by CaixaBank will be biodegradable.
CaixaBank has a total of 17.4 million cards and a market share of 23.38% in terms of turnover, which makes them the leader of the change in Spain so far.