The partnership focuses on leveraging Mastercard’s advanced technology, including the implementation of the Carbon Calculator, to empower consumers in making environmentally conscious purchasing decisions.
Ajman Bank has also pledged its commitment to Mastercard’s UAE Sustainable Cards initiative, reinforcing the bank’s dedication to sustainability and aligning with the UAE’s net-zero ambitions.
Announced at the 28th UN Climate Change Conference (COP28) in Dubai, the UAE Sustainable Cards Pledge mobilises the country’s banks to transition to more sustainable card materials, making the UAE the first nation in the world to do so by 2025.
Mastercard supports its issuing partners in this transition, connecting them with approved suppliers and providing a toolkit for converting their card portfolio.
“As a natural extension of our long-standing strategic partnership with Mastercard, our latest collaboration is in line with our commitment to sustainability and the UAE’s net-zero ambitions. By integrating Mastercard’s innovative Carbon Calculator into our services, our objective is to empower our customers to make more environmentally conscious purchasing decisions. This, along with our active participation in the UAE Sustainable Cards Pledge will help us reduce significantly the environmental impact of our operations. By minimising our ecological footprint our goal is to contribute positively to our planet’s health and our community’s well-being,” said Mustafa Al Khalfawi, CEO of Ajman Bank.
“At Mastercard, we actively contribute to building a sustainable world in line with our ethos of doing well by doing good. To realise this vision, we are developing products and solutions that harness the power of our global network to encourage environmentally conscious consumer behaviour and promote sustainability across the banking and finance sector. We are delighted to see Ajman Bank reaffirm its commitment to sustainability through the signing of our UAE Sustainable Cards Pledge and making our Carbon Calculator available to its customers,” said Khalid Elgibali, Division President, Middle East & North Africa, Mastercard.
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