– Valid enrolls Andorra Telecom in its new Environmental Compensation Program to help offset the plastic used in the manufacture of SIM cards
MADRID, May 30, 2023 /PRNewswire/ — Andorra Telecom, the exclusive provider of public telecommunications service in the Principality of Andorra, joins Valid’s new Environmental Compensation Program to alleviate the impact of SIM card manufacturing and potentially reduce, offset or lessen the plastic footprint of your operations. Through this program, Valid offers Andorra Telecom the possibility of financing the collection of a plastic bottle from the environment for each SIM card sold to its consumers, thanks to Valid’s collaboration with Plastic Bank. Andorra Telecom will be able to collect 800 kilograms of plastic from the environment, through the sale of 40,000 SIM cards.
Valid’s partner in this Environmental Offset Program, Plastic Bank, is a social enterprise that empowers a regenerative society, builds ethical recycling ecosystems in coastal communities, and reprocesses materials for reintroduction into the global supply chain as Social Plastic raw material. ®. Members of your collection receive life-enhancing benefits in exchange for the plastic they collect, such as secure income, health and job insurance, food stamps, school supplies, etc. Its certified blockchain platform secures the entire transaction and provides real-time data visualization, enabling transparency, traceability, and rapid scalability. With this objective, Plastic Bank has companies such as Valid and Andorra Telecom to support the collection of plastic.
The World Economic Forum estimates that 8 million metric tons of plastic waste is dumped into our oceans annually and more than 90% of the plastic is never recycled. They claim that, at this rate, by 2050 there will be more plastic than fish in the world’s oceans.
While much remains to be done, the smart card and mobile device industry has focused on minimizing its impact on the environment. On top of that, mobile operators are becoming more selective in choosing providers and partners that share their core values ??around sustainability and ESG.
To continue responding to that demand, Valid is complementing its portfolio of greener solutions, which already includes its mioSIM Green offering, which can be made from recycled plastic or compostable material* depending on specific requirements, plastic-free packaging for delivery, fully compliant with 3GPP and ETSI standards, which together with its new environmental compensation program offer a comprehensive compensation strategy to help companies such as Andorra Telecom reduce their plastic footprint in all card deliveries.
“Andorra is a place surrounded by nature. We live our lives around nature and it receives 8 million people throughout the year partly because of it. For us, the concerns for the protection of our environment are tangible and for As we continue to expand our ESG initiative, we decided to join Valid’s new environmental offset program Now, we have the opportunity to actively reduce our impacts on the environment by funding the collection and recycling of plastics found in the oceans and at the same time improve the lives of those who collect them”, said Inés Martí, head of corporate social responsibility at Andorra Telecom.
“The telecommunications industry is undergoing a strong process of digitization, which means that the only physical object that mobile operators currently give to their customers is the SIM card. Valid’s greener wallet was created to better align and help our customers to achieve their internal agendas in terms of environmental protection and ESG, and also push the industry to offer more environmentally conscious products from start to finish, to an environmental offset program to help them reduce their plastic footprint,” said Alfonso Crespo, Valid’s vice president of operations.
* Product degradation according to ASTM D3826 and ASTM D 5208-1 after 18 months in aerobic landfill conditions with an average temperature of 20 °C and availability of oxygen and UV.
About Andorra Telecom
Andorra Telecom is the operator that offers comprehensive communication and entertainment services related to telecommunications in Andorra: telephony, television and internet. The company offers a wide range of products and services for individual clients and value-added products and services of public interest for companies and institutions in the country. For more information, visit www.andorratelecom.com.
About Valid
Valid (B³: VLID3 – ON) Valid makes our digital lives more secure with solutions that guarantee identification on documents, smartphones, smart cards, digital certificates, banking applications, means of transport and anywhere else our data. We take into account the particularities of each culture and region in which we work to create personalized and integrated solutions that allow the secure identification of objects, transactions and people. Valid is the fifth largest SIM card producer in the world and is among the ten largest bank card manufacturers in the world. For more information, visit www.valid.com.
About Plastic Bank
Plastic Bank empowers Ocean Stewards to stop plastic in the oceans. Our ethical harvesting communities trade plastic for life-enhancing benefits. Trades are recorded via a secure blockchain platform that allows for traceable collection, secures revenue, and verifies reports. Our collected materials are processed into Social Plastic raw materials for reuse in products and packaging.
PlasticBank® y Social Plastic® son marcas comerciales de The Plastic Bank Recycling Corporation.
More information at plasticbank.com
Logo – https://mma.prnewswire.com/media/2086610…
View original content: https://www.prnewswire.com/news-releases/valid-inscribe-a-andorra-telecom-en-su-nuevo-programa-de-compensacion-medioambiental-301836221.html
