5th February 2021 - 2 min read
HSBC Amanah credit cards are now made from 85% recycled plastic, in a move to reduce carbon emissions from credit card production and be more environmentally friendly. On top of that, the bank has also unveiled the HSBC Amanah Environmental, Social and Governance (ESG) charity feature for HSBC Amanah Credit Cards.
Oz Ahmed, CEO of HSBC Amanah, highlighted that HSBC Amanah is the first within HSBC Group to launch the credit cards made from recycled plastic. “With this pioneering move, we expect to reduce the carbon emissions from our credit card production in 2021 and in the subsequent year,” he said. “The HSBC ESG charity feature, our recycled plastic credit cards, and our reduction of carbon emissions are all part of our efforts to become the HSBC Group’s first sustainable banking entity by the end of 2022.”
Under the ESG charity feature, for every charitable donation made by cardholders using their HSBC Amanah credit cards, HSBC will donate 1% of the charity expenditure to four selected local charities or non-profit organisations: Global Environment Centre, Yayasan Chow Kit, Pintar Foundation, and Pertiwi Soup Kitchen.
“At HSBC, we have a responsibility to our customers, employees, and the communities in which we serve. We recognise that economic growth must also be sustainable if we are to achieve success in the long term,” said Oz. “Sustainability can enable organisations to create financial performance, while at the same time achieving positive environmental and social impact. And our new ESG charity feature does exactly this – we have created a new innovative feature for our credit cards that will enable us to make a sustainable difference to our communities and the environment.”
In June last year, RHB Islamic also introduced an eco-friendly debit card made from recycled plastic. You can find out more about the ESG and sustainability features offered by the HSBC Amanah MPower Platinum Credit Card and HSBC Amanah Premier World Mastercard Credit Card.
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