We are pleased to announce the introduction of recycled PVC cards across our debit and credit cards.
These are being rolled out as new and renewal cards are issued to members, accompanied by more environmentally conscious collateral and envelopes. This is an important step forward in G&C Mutual Bank’s Environmental, Social and Governance (ESG) strategy and our commitment to a greener future.
The cards are Australian made from 82% recycled PVC using all post-industrial waste sourced predominantly from Europe. The remainder of the card is comprised of 10% virgin PVC, 5% PET, and 3% other materials including the antenna, chip, hologram, ink and magnetic stripe. The use of recycled PVC reduces the reliance on first use plastic and the consumption of raw materials, water pollution and air pollution (from landfill) by reducing the need for conventional waste disposal. Furthermore, the accompanying card carriers and PIN mailers are made of 100% recycled paper and packaged in 100% biodegradable envelopes, inclusive of the display window.
G&C Mutual Bank CEO Rosanna Argall said, “We’re thrilled to be able to announce this change. Continuous Improvement is one of our core values and being a member owned bank, we’re always striving to make a positive impact. The introduction of the recycled PVC card is part of our commitment to a more sustainable future for our members and their communities.”