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Sustain:Green MasterCard Partners with Carbon Trade Exchange to Expand Eco-Friendly Card Rewards
Biodegradable credit card’s rewards reduce carbon footprint and fund rainforest conservation
CTX provides corporations and non-profits an easy-to-use platform to reduce their carbon footprint. The Sustain:Green MasterCard similarly empowers individuals and organizations to fight climate change through everyday use. This partnership advances the companies’ shared mission of using market-based solutions to address global environmental and social challenges.
Anyone receiving their card through this partnership is awarded a bonus of 10,000 lbs of carbon offsets upon first use, roughly equivalent to taking their car off the road for a year. Carbon offsets are rewarded on a continual basis, eliminating at least 2 pounds of CO2 for every dollar spent. Additionally, all the funds Sustain:Green spends purchasing carbon offsets goes to funding Mata no Pieto rainforest preservation projects in Brazil.
“The free and automatic nature of the rewards removes all the traditional barriers consumers have faced. Now, people can take greater action on global climate disruption on a daily basis.”— Scott Hernandez, Head of Sales & Trading, NA, Carbon Trade Exchange
“We are incredibly excited at this new opportunity for consumers to participate in voluntary carbon offsets and help raise awareness around how individuals can reduce their personal carbon footprints,”
The partnership with CTX will also offer new avenues for Sustain:Green to work with non-profits and corporations who are already committed to sustainability and corporate social responsibility (CSR).
Partnering with CTX creates an opportunity to broaden that scope of carbon reduction projects supported by the Sustain:Green MasterCard to include providing capital to renewable energy and energy efficiency projects.
“More than 80% of global consumers consider Corporate Social Responsibility when deciding where to work, where and what to purchase and what to recommend. Through our carbon offset rewards, we’re taking the sustainable drive consumers have one step further by making any purchasing choice a sustainable one,” said Arthur Newman, CEO of Sustain:Green. “Consumers consistently say they want greater access to sustainable choices. This partnership with Carbon Trade Exchange broadens the types of projects Sustain:Green rewards can fund and stretches the environmental impact of our cardholders’
Sustain:Green is a provider of unique credit cards, supported by MasterCard® and issued by Commerce Bank, that offer carbon reduction rewards with every swipe. The founders of Sustain:Green combined their backgrounds in finance, green technology and carbon markets, with their passion for sustainable living, to create a financial services product with social value. For further information, please visit sustaingreen.com or facebook.com/
About Carbon Trade Exchange
CTX was founded in 2009 after two years of research and development to operate spot exchanges in multiple global environmental commodity markets, including Carbon, Renewable Energy Certificates (RECs) and Water. The CTX Exchange Platform uniquely interfaces with multiple environmental commodity registries, including APX, Climate Action Reserve, American Carbon Registry, VCS, Gold Standard and the Australian REC Registry. CTX electronically links to financial intermediaries, such as Wells Fargo in North America, to provide efficient trading and create liquid and transparent markets. For further information, please visit www.ctxglobal.com.
Carbon Trade Exchange
Binna Kim, Vested
+ 1 646 747 3223
Frank J. Mendelson, Media Relations
+1 912 289 792
Frank J. Mendelson
Page Updated Last on: Jul 15, 2015