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IDEMIA Collaborates With ClimateSeed to Invest in a Carbon Project in India to Offer Truly Sustainable Payment Cards

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IDEMIA, the worldwide chief in Augmented Id, has teamed up with ClimateSeed to help its CO2 emissions offset undertaking in India, to supply GREENPAY playing cards to its Indian and its international prospects

COURBEVOIE, France — For many years, the “take-make-waste” mannequin has dominated the worldwide economic system. Nevertheless, we at the moment are seeing a paradigm shift in Banks’ and fin techs’ strategic values; they’re looking for a “reduce-recycle-offset” mannequin to cut back their carbon footprint and protect the planet. There may be additionally an sturdy urge for food out there for greener options, as prospects have gotten extra deeply dedicated to the safety of the atmosphere.

With GREENPAY, IDEMIA is taking an end-to-end sustainability strategy to the whole fee card lifecycle – from chip module to card physique, to digital buyer onboarding, to card personalization & achievement, to move, to recycling as soon as expired. GREENPAY goals to reduce the carbon footprint of fee playing cards by lowering and recycling at each step of this life cycle. These efforts are dramatically reducing the footprint and for the residual footprint, IDEMIA has collaborated with ClimateSeed, a number one social initiatives launched by BNP Paribas in collaboration with Nobel Peace Prize Laureate Prof. Yunus’ workforce.

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ClimateSeed will assist IDEMIA in offsetting and compensating the residual footprint with funding in varied sustainability initiatives. These initiatives usually are not solely doing the atmosphere good, but additionally contributing to a number of of the opposite 16 United Nations’ sustainable growth objectives.

IDEMIA is proud to share that the primary undertaking through which now we have chosen to take a position due to our ClimateSeed partnership, is the India-based “Khasi Hills group Carbon undertaking”, using 5,000-plus individuals, conserving current and regenerating degraded forests in Meghalaya, north-eastern India. The younger, regenerating forests are absorbing carbon at an annual price of 1.75 tC/ha.

Amanda Gourbault, IDEMIA Government VP Monetary Establishments, stated: “We’re proud to be dwelling as much as our local weather change pledges. We imagine we must always take real-life steps to assist protect the atmosphere. Because of our ClimateSeed partnership, we’re doing our bit to reaching a zero carbon economic system and to champion sustainable growth.”

Arnaud Despontin, IDEMIA VP Company Social Duty, stated: “This undertaking is a significant step in the direction of the achievement of our CSR objectives to uphold and step up our help for native communities – particularly the underprivileged – whereas advocating simpler environmental conservation.IDEMIA employees chosen the next 4 key priorities in a company-wide survey: Local weather motion, no poverty, clear water,sanitation and high quality schooling. This enterprise furthers three out of the 4 objectives, specifically local weather motion, high quality schooling and lowering poverty.”

Amit Kakatikar, Regional Director- Monetary Establishments, India, stated: ‘From lowering the carbon footprint of the cardboard to implementing eco-designed packaging, and changing paper with digital companies, everybody within the fee ecosystem has a component to play to make sure that we ship to our shoppers a fee instrument with the bottom doable carbon footprint. There is just one planet Earth, all of us have a accountability to guard it. Our Banking and Fintech companions in India are excited to undertake Inexperienced fee initiatives. Their enthusiasm is additional augmented by IDEMIA’s funding in a undertaking that builds a greater India.”


IDEMIA, the worldwide chief in Augmented Id, offers a trusted atmosphere enabling residents and shoppers alike to carry out their each day important actions (resembling pay, join and journey), within the bodily in addition to digital area.

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Securing our identification has turn into mission important on this planet we dwell in right this moment. By standing for Augmented Id, an identification that ensures privateness and belief and ensures safe, authenticated and verifiable transactions, we reinvent the way in which we predict, produce, use and shield one among our biggest property – our identification – whether or not for people or for objects, at any time when and wherever safety issues. We offer Augmented Id for worldwide purchasers from Monetary, Telecom, Id, Public Safety and IoT sectors. With shut to fifteen,000 staff world wide, IDEMIA serves purchasers in 180 nations.

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