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This September, CaixaBank will start releasing its first biodegradable cards, and expects to distribute around one hundred fifty,000 gadgets per 12 months.
The launch of this product represents a significant step forward in a plan particularly designed to cut back the environmental have an effect on of the company's playing cards, a company by which CaixaBank is the leading business in Spain, with a complete of million playing cards and a market share of when it comes to turnover. The plan comprises both changing the manufacturing fabric of the range of reward playing cards, and creating a new recycling programme for all card kinds.
playing cards manufactured with corn starch and biomass
CaixaBank's gift cards will now be fully made from a biodegradable cloth, basically fashioned of polylactic acid (PLA), a bioplastic received from corn starch. The different add-ons of the cardboard are biomass. The effect is an biological, biodegradable card, which is extra environmentally pleasant than typical plastic, which comes from oil and decomposes over a duration of a hundred to 1,000 years.
playing cards that use this material remaining for approximately two years, which makes it an important fabric for the present playing cards, which expire inside a highest period of two years.
in addition to being biodegradable, the brand new CaixaBank playing cards use a different manufacturing method, which halves the carbon footprint of their construction and entails the discount of almost half the CO2 emitted: going from 30kg of CO2 emissions per 1,000 playing cards made with PVC, to kg per 1,000 playing cards during this cloth.
to ensure that shoppers to certainly recognise the biodegradable playing cards, CaixaBank is offering a new design, with a greater environmentally-pleasant and minimalist feel, including a logo that suggests that it is a biodegradable product.
In parallel to the launch of these new biodegradable cards, CaixaBank is consistently analysing the substances that offer superior durability to cut back the variety of card replacements and hence cut back their carbon footprint. To find probably the most suitable ecological cloth, CaixaBank is checking out option substances to PVC, which is what playing cards with chips and contactless technology are presently fabricated from.
one of the most recent measures derived from this analysis technique is the implementation of latest magnetic bands that are more proof against demagnetisation, which is without doubt one of the leading explanations that consumers substitute their cards.
additionally, CaixaBank is dedicated to digitising playing cards, cutting back the environmental impact as this avoids the need to manufacture or ship a PVC card to the client, and should additionally lengthen the validity from 5 years to 7.
Contribution to the circular economy
in the meantime, CaixaBank has also brought a new technique for recycling all its cards, both those crafted from biodegradable substances and people crafted from common plastics. any longer, shoppers will hand of their expired playing cards at their department, a good way to cope with activating the recycling circuit dependent for each mannequin.
specifically, the process consists in keeping apart the card's diverse components (chip, magnetic strip, plastic or biodegradable fabric) and distributing them throughout the dedicated channels for recycling them.
New CaixaBank cards are CO2 impartial, as a result of CaixaBank offsets 100% of its calculated emissions. really, CaixaBank is the handiest Ibex 35 business that offsets its complete calculated carbon footprint, including oblique emissions. remaining yr, it reached this milestone with the aid of a wind farm in southern India, and a reforestation mission in a local that had burned in the mountain of Montserrat.
promotion initiatives against local weather change
CaixaBank is likely one of the main monetary institutions in the struggle against local weather trade on a worldwide stage. The enterprise CDP has included CaixaBank within the index of global leaders in the battle in opposition t local weather change, for the fifth consecutive 12 months.
last yr, CaixaBank registered $ five billion price of purchases on the eco-friendly personal loan market, which covered the financing of renewable energy tasks (greater than €645 million in 2018). in a similar fashion, CaixaBank has several product traces aimed toward financing environmentally-sound initiatives and collaborates with the european funding bank to finance initiatives fighting in opposition t climate alternate. via this class of financing, CaixaBank contributes to United international locations Sustainable construction goals, with a unique emphasis on the SDG 13: local weather motion.
considering that 2007, it is part of the group of fiscal associations associated with the Equator ideas to ensure that the tasks to which it provides funding and consultancy are performed in a socially liable approach. additionally, considering that 2016 it has been on the board of administrators of the Spanish green growth group, which fosters financial increase linked to a low-carbon economic climate.
CaixaBank has also joined the United international locations environment Programme - Finance Initiative (UNEP FI), which has three leading dreams: commitment to sustainable building, sustainability management and public focus. furthermore, the enterprise is a member of the Dow Jones Sustainability Index (DJSI), a world index that assesses the behaviour of groups in line with social, environmental and company governance standards.