Kilogreen

The proliferation of credit cards worldwide is staggering. As of June 2018, there were a whopping 7.753 billion credit cards globally. In the U.S alone, 72.5% of adults, totaling 187.3 million individuals, possessed at least one credit card by 2020. The trend is mirrored in India, a country experiencing exponential growth in credit card holders, with approximately 100 million cards in circulation, witnessing a 16% surge in recent years. However, this surge in credit card usage comes with environmental repercussions, particularly concerning the materials used in their production. Conventional credit cards are predominantly crafted from polyvinyl chloride (PVC), a material notorious for its adverse environmental impact. PVC not only contributes to the global plastic waste crisis but also poses significant challenges in disposal, often ending up in landfills or incinerators. Recognizing the urgency of addressing this environmental concern, several financial institutions have initiated gre...