G+D Partners With Parley For The Oceans On Environmentally-Friendly Payment Cards

G_D-partners-with-Parley-for-the-Oceans-on-environmentally-firendly-payment-cards

Giesecke+Devrient (G+D) and the environmental organization Parley for the Oceans have concluded an agreement on the production and offering of environmentally friendly payment cards.

By recycling plastic waste from the world’s oceans for the production of the cards, G+D intends to support clients in their sustainability strategies and promote eco-innovation through payment solutions.

Read More: Datasite Completes Agreement to be Acquired by CapVest

G+D is committed to preserving a world fit for future generations. Beyond its own target to reduce direct and indirect CO2 emissions by 25 percent by 2022, G+D also wants to support its clients in achieving their own sustainability goals.

For this reason, G+D is now partnering with the environmental organization Parley for the Oceans, a movement committed to taking action to raise awareness for the beauty and fragility of our oceans and collaborating on projects that can end their destruction. Parley works closely with leading companies from various industries, by following the AIR strategy which consists of avoiding plastic wherever possible, intercepting plastic before it reaches our oceans and environments, and redesigning materials, methods, and products to be more in synchronization with nature. Parley‘s hands-on efforts include collecting plastic waste from oceans, rivers and beaches for the purpose of upcycling and recycling.

Read More: GlobalFintechSeries Interview with Joshua Levin, Co-founder at OpenInvest

The agreement between G+D and Parley includes the production of payment cards by G+D using raw materials provided by Parley. G+D will offer the cards under the name Convego Parley Ocean card. The new cards will be made from materials supplied by Parley, including plastic granules, bales and flakes obtained from recycled plastic waste from the world’s oceans. The cooperation primarily concerns payment cards, but the production of other products is not ruled out. In addition, G+D and Parley have decided to work closely together in the future to research and develop alternative environmentally friendly materials.

Read More: The Rising Online Consumption Curve in Latin America with the Pandemic – and What it Means for Fintechs

Login

Welcome! Login in to your account

Remember me Lost your password?

Lost Password