Citi has announced that it has introduced Recycled PVC (rPVC) for its corporate cards. In Q2/2022, the rPVC rollout commenced in the Europe, Middle East, and Africa (EMEA) region.
The United Arab Emirates (UAE) was one of the first EMEA markets to launch and issue rPVC corporate cards for its corporate clients. Citi UAE has already issued over 2,100 new rPVC cards to Citi clients.
According to the statement, the rPVC cards are made with 85% recycled industrial waste per finished card in a process that will reduce CO2 emissions by 36% compared to a standard PVC card. Citi is committed to its goal of achieving net zero emissions associated with its financing by 2050, and net zero emissions for operations by 2030.