Increasing sustainability in the life of a banknote: G+D launches the “Green Banknote Initiative”

Giesecke+Devrient (G+D), together with its subsidiary Louisenthal, has launched the “Green Banknote Initiative”. The objective of the open dialogue platform is to make the production and life cycle of banknotes more sustainable. This involves the principles of the circular economy, the reduction of greenhouse gas emissions and the efficient use of resources in the production process and global value chains.

Actively tackling climate protection, supporting projects that increase sustainability and reducing one’s own ecological footprint are deeply rooted in G+D’s values ​​and behavior. Together with its subsidiary Louisenthal, one of the world’s leading manufacturers of banknotes and security paper, G+D has been working for years to reduce the environmental impact of banknote production and make the entire life of a more durable banknote. For these efforts, Louisenthal received the “Best New Environmental Sustainability Project” award from the International Association of Currency Affairs (IACA) in 2020.

Together, G+D and Louisenthal have now launched an environmentally friendly banknote initiative that expands on previous efforts. The “Green Banknote Initiative” is an open dialogue platform addressed to all cash issuers. The goal is to work together to create the banknote of the future – a durable, durable and tamper-proof note to make the cash cycle more sustainable and efficient.

G+D research has identified that longevity alone does not make a banknote durable. Only a balanced interplay of safety, durability and longevity can achieve this. A study commissioned by G+D found that cotton-coated banknotes have the lowest carbon footprint of any banknote available. Hybrid™ banknotes generate up to 13% less CO2 during their lifetime and up to 24% less CO2 during production than polymer banknotes.

At the same time, their durability is comparable to that of polymer banknotes: they last about 2.5 to 3 times longer in the cash cycle than conventional cotton banknotes. In addition, replacing conventional cotton with organic cotton or alternative fibers not only further reduces the CO2 footprint, but it is also the greatest lever for reducing the water consumption of banknotes.

G+D calls the interplay of durability, safety and durability “Durability+”. The concept takes into account the entire spectrum, from product to production and end of life, and covers different fields of action throughout the life cycle of a banknote. It starts with security solutions for banknotes in a combination of integrated, printed and applied security signs and ends with the multitude of options for the use of banknotes made from natural fibres.

“The Green Banknote Initiative and the Durability+ concept broaden our sustainability strategy and help us support our customers and partners in their sustainability goals,” says Bernd Kümmerle, Managing Director of the Banknote Solutions Division at G+D Currency Technology. “For example, we advise them on their environmental strategy or work on specific production and product solutions. This ranges from analyzing the optimization of substrates to discussing end-of-life solutions, to name a few. examples.”

About Giesecke+Devrient

Giesecke+Devrient (G+D) is a global security technology group headquartered in Munich. As a trusted partner of the most demanding customers, G+D secures the world’s core values ​​with its solutions. The company develops technology with passion and precision in four main areas: payment, connectivity, identities and digital infrastructure. G+D was founded in 1852. In the 2021 financial year, the company achieved sales of 2.38 billion euros with approximately 11,800 employees. G+D is represented by 81 subsidiaries and joint ventures in 33 countries.

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