Citi UAE introduces recycled plastic for corporate cards

Citi UAE introduces recycled plastic for corporate cards

Dubai, UAE: 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.

Every rPVC card will be made with 85% recycled industrial waste per finished card and represents a reduction in CO2 emissions during the card manufacturing process, delivering a reduction of 36% CO2 emissions in comparison 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. With these goals in mind, the focus is on the environmental impact of our processes and how we can provide sustainable products and solutions.

Vivek Vaidyanathan, Citi Treasury and Trade Solutions Head, Citi UAE commented: “At Citi, we are pleased to introduce rPVC across our corporate cards portfolio in the UAE. Our main focus is on reducing our carbon footprint and the use of rPVC for our cards is just one