This is part of our strategy to reduce our carbon emissions and achieve net zero in our supply chain and operations by 2030, or sooner.
Malaysia is leading the way. HSBC Amanah was the first within the HSBC Group to issue HSBC credit card-i made from 85% recycled polyvinyl chloride acetate (rPVC) in 2020. As of June 2022, our new credit cards are now made from 100% recycled plastic.
To be as sustainable as possible, we’ll only replace your card when it expires or is lost, stolen or damaged.
In the past, payment cards have been made from PVC, but using this type of plastic produces a lot of carbon.
Recycled PVC plastic is made from materials that would otherwise be sent to landfill or incinerated, so it’s better for the environment. And, it has the same durability (5 years) as PVC plastic, so there’s no compromise on quality.
Using recycled plastic contributes to a circular economy – which means extending the lifecycle of products and reusing materials to reduce the resources we use and the waste we produce.
It’s one of the best ways we can fight climate change on a global scale: if the world doubled its circularity rate, it could reduce our global carbon footprint by 40%[@transitioning-to-a-circular-economy].
Whether it's making your home more energy efficient or reducing your food waste, making more sustainable choices feels good.
The parts we play, no matter how small, add up to make a big difference to the environment – and you can save money while you're at it, too.