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Rabobank launches eco-friendly credit card

Dutch bank Rabobank has reportedly launched a credit card that contributes to environmentally-friendly initiatives when the card is used to pay for energy-guzzling products and services.

The ‘climate-conscious’ card will reportedly pay a sum proportionate to the type of purchase into environmental projects run by the World Wide Fund for Nature (WWF), with the level of contribution being decided by the impact the purchase would make upon greenhouse gas emissions.

For example, under the card’s compensation-like scheme, purchases of petrol or air travel would result in a greater contribution to a WWF project than everyday supermarket purchases.

In other news, The Australian has reported that Rabobank aims to expand its presence in the insurance and wealth management sectors in Australia. However, the company does not plan to do this via traditional high street retail banking methods, Rabobank Australia chief Bruce Dick told the newspaper.