Empowering sustainability at every stage
Embracing a sustainable payment approach involves every part of your customer’s journey, including end-of-life recycling.
Our planet’s resources are strained. By 2030, the combined resources of two Earths won’t be enough to support projected increases in the global population. We must find ways to minimize our environmental impact – before it’s too late.
Waste from plastics pollutes the environment when burned or discarded. Payment cards are an intrinsic part of the relationship that banks and fintechs have with their customers, so reducing or eliminating any waste and moving towards a more sustainable payment card economy can help alleviate banks’ impact on our ecosystem.
However, every bank – and every customer’s – needs are different. We don’t offer a “one size fits all” recycling program. Instead, we work with banks to build an end-of-life recycling program that perfectly aligns with their preferences. From pilot schemes to prototyping, country-specific concerns to custom processes, we can create the ideal scheme, no matter how complex the requirements.
Protecting our planet from avoidable mistreat
Every year, millions of expired payment cards are carelessly discarded, often ending up in landfills and contributing to environmental degradation. These cards, composed of various non-biodegradable materials, pose a serious threat to our planet. Answering the call from society and from banks, we are actively collaborating with banks and financial institutions to launch more affordable, sustainable payment card solutions and explore alternatives. By repurposing these materials, we are not just reducing waste; we are actively participating in the fight for a more sustainable future.
Why end-of-life recycling matters
Meeting the challenges of an eco-conscious payment card strategy
Knowledge
Leveraging partners' expertise, from material selection to manufacturing and logistics, can help overcome the challenges of creating a sustainable issuance program.
Resources
Not all banks will have the time or capacity required to fully manage adopting a more sustainable approach to issuance. By working with a partner that offers a consultative and collaborative approach, banks can reduce inefficiencies in their current processes.
Compliance
Providers are usually more embedded in the sustainability ecosystem, with contacts across multiple organizations.
Trust
Partnering with the right organization, which already has a significant reputation for sustainable innovation, can quickly help improve the issuer’s brand perception.
Embracing the challenge of complex card recycling
Payment cards, as one of the most convenient and widely adopted payment methods, contain very complex electronics beyond the card body materials themselves. Effective recycling demands specialized methods to safely and efficiently separate and process each material. Thus, G+D must work together with banks and their end-customers to recollect expired payment cards and launch delegated workflows to minimize their impact on the environment and create a lasting positive impact. Banks can also take this as an opportunity to reproduce community-friendly furniture and items that can strengthen their bonds with the local community.
Pledge 2030
Learn how our clients have embraced a sustainable approach in their payment offerings, providing their customers with real, tangible demonstrations of their commitment to making every payment more sustainable:
How we’re improving our sustainability
G+D has committed to replacing virgin plastic with more sustainable materials, for all the payment card bodies we produce by 2030. G+D is the first in the payment industry to make such a commitment, and we anticipate that the industry will follow suit.