NatWest is to launch new environmentally-friendly debit and credit cards.
They will be made of 86 per cent recycled material, with the move expected to save over 50 tonnes of PVC plastic.
The move will see cards starting to be replaced with more environmentally-friendly ones from next month, as part of the bank’s aim to reduce the “climate impact of physical banking”.
Early next year, the bank will also be rolling out new uniforms for all its front-line staff, which include the use of sustainable fabrics made from recycled plastics.
Simon Watson, retail banking climate sponsor at NatWest, said: “We need big actions on climate and we’re collaborating with others as the finance partner for COP26 to help deliver those.
“But we also need to make millions of smaller, tangible changes. We have 16 million customers and changing our cards to recycled materials saves 50 tonnes of PVC.”
NatWest says it aims to “at least halve the climate impact” of its financing activity by 2030, and provide over £20 billion of additional funding for “climate and sustainable finance” this year.
Latest News
-
Nationwide partners with Accenture and Microsoft on genAI-driven cybersecurity
-
FCA takes action against more than 1,600 websites to fight financial crime
-
Deutsche Bank partners with Swift for instant cash reporting
-
AIB rolls out Copilot for 10,000 employees
-
Revolut ‘seeks £1bn funding’ at $65bn valuation
-
British Business Bank launches £400m scheme to boost investor diversity
Data trust in the AI era: Building customer confidence through responsible banking
In the second episode of FStech’s three-part video podcast series sponsored by HCLTech, Sudip Lahiri, Executive Vice President & Head of Financial Services for Europe & UKI at HCLTech examines the critical relationship between data trust, transparency, and responsible AI implementation in financial services.
Banking's GenAI evolution: Beyond the hype, building the future
In the first episode of a three-part video podcast series sponsored by HCLTech, Sudip Lahiri, Executive Vice President & Head of Financial Services for Europe & UKI at HCLTech explores how financial institutions can navigate the transformative potential of Generative AI while building lasting foundations for innovation.
Beyond compliance: Transforming document management into a strategic advantage for financial institutions
In this exclusive fireside chat, John Rockliffe, Pre-Sales Manager at d.velop, discusses the findings of Adapting to a Digital-Native World: Financial Services Document Management Beyond 2025 and explores how FSIs can turn document workflows into a competitive advantage.
Sanctions evasion in an era of conflict: Optimising KYC and monitoring to tackle crime
The ongoing war in Ukraine and resulting sanctions on Russia, and the continuing geopolitical tensions have resulted in an unprecedented increase in parties added to sanctions lists.
© 2019 Perspective Publishing Privacy & Cookies
Recent Stories