Standard Chartered launches zero carbon credit card
Standard Chartered announced the launch of the first zero carbon credit card in the country in partnership with the Conservation Carbon Company (CCC). Subramaniam Eassuwaran, Director of CCC handed over the certificate to Sanjay Wijemanne, Head of Consumer Banking recently at Standard Chartered’s Head Office.
Standard Chartered recently launched its Green Cover Project, an initiative to reduce paper wastage, whereby the Bank will pledge to plant a tree for every customer signing up for an eStatement.
The carbon credits accumulated by this imitative and other environment focused sustainability activities of the Bank, such as the planting of 200 trees along the stretch of beach at Kosgoda by the Bank’s volunteers and the replenishing of degraded forest cover in Atale, were used to offset the credit card’s carbon footprint.
Sanjay Wijemanne, Head of Consumer Banking, speaking at the handover ceremony said: “The conservation and protection of the environment has always been a focus activity for our volunteers, and we are pleased to be able to announce that our efforts have yielded a significant prize. We look forward to our peers in the industry following our lead in offering carbon neutral or carbon zero products to their customers as well, thereby engendering positive impacts for the benefit of the environment in general.”
Standard Chartered’s groups of volunteers will continue to engage in restoring imperilled habitats by replanting lost or destroyed flora coverage under the Green Cover Project.
Subramaniam Eassuwaran, Director of the Conservation Carbon Company commented: “Many organisations would resort to purchasing the carbon credits to offset their footprints, and it is encouraging to see a bank acquiring sufficient credits on the strength of its environmental contribution.”