Barclaycard has launched a credit card aimed at consumers who want ethical financial products.
The bank says that 50 per cent of profits from the card – known as Barclaycard Breathe – will be donated to carbon emission reduction projects around the world.
And Barclaycard claims that it will donate at least £1 million to such causes this year, as part of its “We’re In This Together” campaign.
Other environmentally friendly aspects of the card include no paper statements and a recycling scheme for expired cards – which will in the first place be made from recycled plastic.
Antony Jenkins, Barclaycard chief executive, said the card “makes it easy for people to do their bit in the fight against climate change by offering incentives to make being green easier”.
News of the launch comes as homeless charity Shelter launches its own ethical credit card in conjunction with the Co-operative Bank.
The bank promises to pay the charity £20 when the card is first used and a further 25 pence for every £100 spent.
© Adfero Ltd