Thursday, June 13, 2024
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BIBD launches eco-friendly debit, credit cards

Bank Islam Brunei Darussalam (BIBD) announced the launch of the bank’s “eco-friendly cards” yesterday.

The eco-friendly debit and credit cards are crafted using the same technology and functionality as conventional plastic cards, but made from renewable materials, requires less energy to create and produces no toxins when destroyed during incineration, said
the bank.

According to BIBD, the raw materials used for the cards are made from 100 per cent polylactic acid (PLA) layers, a bioplastic produced for annually renewable sources that offers a reduced carbon footprint.

The additional benefits of PLA materials comes from production, requiring 65 per cent less energy to produce, and when incinerated, produces 70 per cent fewer greenhouse gases. These results are also independently certified with a third party.

BIBD’s Deputy Managing Director II and Head of Retail Banking Group Irwan bin Haji Lamit said, “The launch of BIBD’s eco-friendly cards demonstrates our commitment to tackling the sustainability challenges facing the world. These cards have the same functionality as our existing cards, and BIBD worked closely with our card manufacturer to ensure a more sustainable alternative to the current materials we use in our cards today.”

The new eco-friendly cards will be available for all BIBD customers starting today, it will be issued for all new cards sign-up and upon card renewals for existing BIBD customers, with the aim for all BIBD cards to be gradually replaced with these new eco-friendly cards.

Being the largest card issuer in Brunei, this is part of the bank’s commitment to integrate sustainability into its business practices, said BIBD.