S-Payment GmbH
Climate Impact & Sustainability Data (2024)
Reporting Period: 2024
Environmental Metrics
ESG Focus Areas
- Climate Change
- Resource Efficiency
- Circular Economy
Environmental Achievements
- Switched to recycled PVC (rPVC) for 85% of its card portfolio, reducing the need for new plastic and diverting waste from landfills. The transition is ongoing and expected to be complete by the end of Q1 2024.
- Reduced transportation emissions by sourcing recycled PVC from within Europe.
Social Achievements
- Increased customer awareness of proper disposal of expired cards (as e-waste).
Governance Achievements
- Aligned with the Sparkassen-Finanzgruppe's self-commitment to climate-friendly and sustainable business practices.
Climate Goals & Targets
Short-term Goals:
- Complete the transition to recycled PVC cards.
Environmental Challenges
- Limited data on the environmental impact of payment transactions.
- The need to educate customers on proper disposal of expired cards.
Mitigation Strategies
- Promoting the use of virtual cards to eliminate plastic waste.
- Using recycled PVC (rPVC) for card production.
- Educating customers on proper disposal of expired cards.
Supply Chain Management
Responsible Procurement
- Sourcing recycled PVC from European suppliers.
Climate-Related Risks & Opportunities
Opportunities
- Increased adoption of virtual cards.
Sustainable Products & Innovation
- Virtual cards
- Cards made with recycled PVC