A COOL NEW WAY TO COUNTER THE PLASTIC MENACE: AXIS BANK LAUNCHES BIODEGRADABLE CARDS WF Ri D According to report by Central Pollution Control Board or CPCB, for the year 2014-15,an estimated amount of 15,432 tonnes of plastic waste was generated in the country. 2 Almost 40 per cent of this waste, instead of heading to recycle units, end up littered or uncollected. 2 With growing concerns over the environment being subjected to rampant abuse, an initiative by Axis Bank is not just innovative but environment-friendly too! O The cards have been introduced under the gift card segment by the bank. Made of Polyethylene Terephthalate Glycol (PETG) that is derived from polyester, the cards do not release carbon, methane or any other harmful pollutants and can easily decompose without any extra work.