HSBC India has launched India’s 1st credit card made from recycled PVC (Polyvinyl chloride) plastic. The cards have been introduced in partnership with global cards manufacturer IDEMIA to gradually eliminate single-use PVC plastic. The cards are made from 85 per cent recycled plastic and each card will save 3.18gm of plastic waste in addition to helping lower overall carbon emission.
About the card:
The card was launched as a part of a new program launched by HSBC Group to introduce sustainable cards across all its global locations to support its global commitments to sustainability and a net-zero in its operations by 2030.
Important takeaways for all competitive exams:
- HSBC India Founded: 1853;
- HSBC India Headquarters: Mumbai, Maharashtra;
- HSBC India CEO: Hitendra Dave.