G+D Seeks to Light the Sustainable Path with Convego Beyond
On July 20, Giesecke+Devrient (G+D) declared its intent to replace virgin plastic with recycled, industrial compostable, or biodegradable materials in payment cards across its entire portfolio. The payment card plays the part of a branded anchor between the bank and the account holder and can be a physical representation of the commitment toward sustainable material choices. G+D anticipates that this pledge will act as a leading movement behind which the payment card industry can follow in its efforts to migrate away from first-use PVC as a card material, something that is already being seen in the market and is an accelerating trend.
G+D has made this pledge as an expansion on its goals set out in its Convego Beyond strategy, partnering with Parley, Doconomy, and Patch to bring about a holistic ecological approach to the full payment card lifecycle, seeking to fill the gaps in the value chain that sit outside the card material decision, such as card reclamation, recycling, and issuance.
G+D has also sought to provide an innovative solution for Santande…
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