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Scotiabank Jamaica launches recycled plastic bank cards
Business, Business Observer Corporate Listing
January 15, 2025

Scotiabank Jamaica launches recycled plastic bank cards

Scotiabank Jamaica has started issuing bank cards made from 85.5 per cent recycled plastic, a change aimed at reducing environmental impact and updating card security features.

The new cards, which have been in circulation since November 1, 2024, are being rolled out for all new and renewed debit and credit cards.

The updated cards are produced in partnership with IDEMIA, a French company specialising in payment solutions. By using recycled materials instead of traditional polyvinyl chloride acetate (PVC), the initiative seeks to reduce the environmental footprint of the bank’s operations. Scotiabank said the change aligns with its global sustainability efforts, including the United Nations’ Sustainable Development Goal on responsible consumption and production.

The design of the cards has also been updated to enhance security by removing personal information from the front. Scotiabank said the measure is intended to reduce exposure of the information during transactions. The bank said that existing cards will remain valid until their expiration dates, and added that customers are not required to replace them prematurely.

“This initiative demonstrates our focus on reducing the environmental impact of our operations while providing clients with a secure way to conduct business,” said Yanique Forbes-Patrick, vice-president of public affairs and communications at Scotiabank.

The move is part of Scotiabank’s broader climate action strategy and its goal of achieving net-zero emissions. The bank reported total assets of $1.4 trillion as of October 31, 2024. IDEMIA contributed to the project through its GREENPAY programme, which promotes eco-friendly materials in payment products.

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