Menu
A Green Sign
  • About
  • Privacy Policy
  • Terms of Use
A Green Sign

Reducing Carbon Emissions in the Financial Services Industry

Posted on May 4, 2022May 4, 2022 by Brian

Around the world, billions of financial transactions happen every day.  For every financial transaction or credit check, there may be associated carbon emissions polluting behind the scenes.  Adoption of sustainable, cloud computing strategies is becoming more essential for the financial services industry, as more than half of banks see environmental concerns as an emerging risk over the next 5 years.

One part of the solution is cloud computing.  From 2021 to 2024, the transition to cloud computing is on track to save at least 629 million metric tons of carbon dioxide.  How does the cloud reduce greenhouse gasses?  First of all, it uses energy more efficiently than on-premise data centers.  Second, it replaces high-carbon physical machines with their virtual equivalents.  Finally, dematerialization limits e-waste and lowers consumption of resources.  The cloud can enable a circular economy which prevents technology byproducts from entering the landfill in such large numbers.  

When the cloud servers are powered by green energy, the benefits compound even further.  Because cloud servers can be located anywhere in the world, one can take advantage of geographies with the cleanest energy grids.  It is also possible to shift flexible computing tasks to times when the energy grid is its most renewable.

How the Cloud Can Help Reduce Carbon Emissions for the Financial Services Industry
  • cloud computing
  • financial services
  • Resources

    Recent Posts

    • Healthy Everyday Habits
    • What Is The Mandela Effect?
    • Most Common Types of Lawsuit in New York
    • How to Keep Your Bedroom Neat and Tidy
    • Social Media Marketing Tactics

    Archives

    • August 2022
    • July 2022
    • June 2022
    • May 2022
    • April 2022
    • March 2022
    • February 2022
    • January 2022
    • December 2021
    • November 2021
    • October 2021
    • September 2021
    • August 2021
    • July 2021
    • June 2021
    • May 2021
    • April 2021
    • March 2021
    • February 2021
    • January 2021
    • December 2020
    • November 2020
    • October 2020
    • September 2020
    • August 2020
    • July 2020
    • June 2020
    • May 2020
    • April 2020
    • March 2020
    • February 2020
    • December 2019

    Categories

    • Business
    • Entrepreneurship
    • Finance
    • Lifestyle
    • Travel
    ©2022 A Green Sign | Powered by WordPress & Superb Themes