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By the end of 2022 American Express will gradually roll out recycled plastic cards for 89 1 of its plastic card ranges for individuals and businesses in France. The cards issued on the French market will be made from 85 recycled plastic.In addition American Express is developing a new digital solution to help its large corporate customers better understand the carbon footprint of their employees business travel.Finally individual customers as well as small medium and large companies that are members of the Membership Rewards loyalty program can use their points to support a forest restoration project led by ReforestAction.American Express one of the worlds leading players specializing in means of payment today announces the gradual roll-out in France of recycled plastic cards for 89 1 of its plastic card ranges for individuals and businesses by the end of 2022.This initiative is part of a global program whose objective is for the vast majority of plastic cards issued by American Express worldwide to be made of at least 70 recycled or recovered plastic by the end of 2024 thus avoiding the use of 80 tonnes of virgin plastic per year worldwide.France is the first market for the American Express Group to make this move towards recycled plastic for almost all of its plastic payment cards. American Express has been contributing to the carbon neutrality of its global operations since 2018 2 . In 2021 the company pledged to achieve net zero carbon emissions globally by 2035 fifteen years earlier than the deadline set by the Paris Climate Agreement building on the methodology of the Science Based Targets Initiative SBTi 3 .In addition to the initiatives that American Express is taking to reduce its own carbon emissions the company is developing new solutions to enable its large corporate customers to better understand their carbon footprint and all of its eligible customers 4 in France to take action for the environment.American Express is committed to supporting the transition to a more sustainable future and a low-carbon economy. We are proud that France is our first market in the world to make this move towards recycled plastic for almost all of its plastic payment cards for businesses and individuals. In addition to the initiatives we are taking to reduce our own carbon emissions we are developing solutions to enable our customers to better understand their carbon footprint and thus make decisions in favor of the environment said Caroline Gaye Chief Executive Officer of American Express France.NEW RECYCLED PLASTIC CARDS ISSUED IN FRANCE PROGRESSIVE DEPLOYMENT BY THE END OF 2022The new recycled plastic cards issued in France for individuals and businesses will be rolled out gradually by the end of 2022 5 . These cards are made in France from 85 recycled plastic from industrial waste. Compared to a blank plastic card each recycled plastic card emits 36 less CO 2 6 . Recycled plastic cards are available immediately for new customers 7 and for current customers on the expiry date of their card or if necessary loss or theft of their card 7 .NEW SOLUTIONS TO ENABLE OUR CUSTOMERS TO ASSESS THEIR CARBON FOOTPRINT AND ACT FOR THE ENVIRONMENT For several years American Express has provided large companies in France with detailed information on their carbon footprint relating to the business travel of their employees air.Later in the year they will have access to a dashboard of the carbon footprint of additional categories of expenditure rail vehicles hotels restaurants as well as a comparison by category and by sector of activity. allowing them to better identify opportunities to manage their carbon footprint 8 .American Express also supports large companies in France in audit missions of their business travel policy and offers them optimization recommendations to reduce their carbon footprint. Since April 2022 American Express has been giving its eligible individual small medium and large business customers 4 in France the opportunity to support the Courances forest restoration project Essonne led by ReforestAction a French company certified B Corp.American Express has contributed to the protection of 25000 young trees and offers its customers to support this project with their Membership Rewards loyalty points 500 points 1 tree preserved. The restoration of this new sustainably managed forest will generate many benefits such as CO 2 storage the development of biodiversity and the production of wood a sustainable source of energy.
