Mauritius, 31 March 2023: To support HSBC group’s strategy to achieve net zero in its operations and supply chain by 2030 worldwide, HSBC Mauritius is pleased to announce that it has introduced its first ATM cards made from recycled PVC plastic (rPVC).
This move is our small but meaningful contribution to reach our global objective of reducing greenhouse gas emissions through a plastic use reduction by at least 73 tons a year worldwide.
Made from 85% recycled plastic, other features of the rPVC ATM cards remain unchanged but worth mentioning that it:
- is aligned to the latest global card design featuring our iconic HSBC brand hexagon prominently;
- is designed in a vertical format with an arrow at the top and notch at the bottom for better accessibility to our customers;
- it also contains a safety chip for added security when using the card.
Commenting on this initiative, Nitin Ramlugon, Head of Wealth and Personal Banking said: “Our move to rPVC underpins HSBC’s global ambition to build a thriving and resilient future. The switch is a first step in a gradual transition to issue cards made from sustainable materials, which contributes to conscious efforts in reducing plastic waste. With this new addition, we are greening our supplies and sticking to our net zero transition plan.”
Note to editors:
HSBC Holdings Plc
HSBC Holdings plc, the parent company of HSBC, is headquartered in London. HSBC serves customers worldwide from offices in 62 countries and territories in its geographical regions: Europe, Asia, North America, Latin America, and Middle East and North Africa. With assets of US$2,967bn at 31 December 2022, HSBC is one of the world’s largest banking and financial services organisations.
