CPI Card Group, a payment technology company and major provider of credit, debit and prepaid solutions, today announced that it has joined the First Mile.
First Mile is a group of brands and companies committed to using First Mile Material – responsibly collected recycled plastic that supports waste collection networks in Haiti, Honduras and Taiwan.
First Mile works directly with waste reclamation workers who recover plastic that otherwise pollutes the streets, canals, and landfills of their communities.
To date, the recycling group has diverted more than 5.4 million lbs. of plastic waste from landfills and oceans, generating over $690,000 in revenue for these collection networks.
“We are thrilled to welcome CPI to join a group of bold, innovative brands leading the way in responsible sourcing,” said Kelsey Halling, Director of Partnerships at First Mile. “The CPI and First Mile collaboration will positively impact lives by assigning value to plastic waste.”
The push for greater corporate responsibility
CPI’s First Mile Membership comes as the Company continues to drive its corporate social responsibility.
As part of the Company’s ongoing commitment to environmental stewardship, CPI has introduced Second Wave, the first to market, EMV compliant, dual interface capable, high quality payment card featuring a core made with recovered ocean-bound plastic.
Through First Mile and other CPI suppliers, the material for Second Wave is responsibly sourced from plastic waste recovered from areas within 50 kilometres of a seashore or near waterways leading into the ocean, in countries or regions lacking adequate waste management infrastructure.
Greater community involvement efforts
Additionally, CPI is has expressed commitment to giving back to local sourcing communities and has contributed to projects to protect and improve the lives of collectors and their families in these areas.
Beyond supporting the people and communities where the recovered ocean-bound plastic is sourced, CPI estimates that for every one million Second Wave payment cards produced, over one ton of plastic will be diverted from entering the world’s oceans, waterways and shorelines.
“Our solutions allow financial institutions and their cardholders to be participants in helping reduce the environmental impact of first-use plastic, while supporting local sourcing communities in the process,” said Guy DiMaggio, SVP & General Manager of Secure Card Solutions at CPI Card Group.
“We hope to set an example for industries everywhere on how innovation can be leveraged to engage people and businesses under the common goal of protecting our planet. We are excited to join First Mile as we continue expanding our sustainability efforts,” DiMaggio said.
Second Wave is among the offerings from CPI Earth Elements, a portfolio of more eco-friendly payment cards designed to help reduce first-use plastic in payment cards.