Green finance - how technology is changing banking
In this presentation, we will focus on innovative practices that banks can use to reduce their carbon footprint in the digital environment.
This effort will not only have a positive impact on our planet, but will also lead to a reduction in the operating costs of banks. From developers, IT managers to the management of technology departments and customers themselves - this topic concerns us all. Come find out how banks can achieve sustainability and economic benefits through technological innovation.
Banks today are primarily digital organizations, and their infrastructure has a real carbon footprint. Sustainability in banking is therefore not a fashionable afterthought, but a technical and managerial challenge for which effective solutions already exist. Here is a brief overview of how IT in banks can save energy and money without compromising service quality. Although banks do not operate smokestacks, they run on extensive IT infrastructure and in the cloud, which consumes a lot of electricity. In global comparison, the IT sector already has, according to reported data, roughly a 1.5-times larger carbon footprint than aviation. In our region, we still do not have enough electricity from renewable sources to ignore this impact. The migration of applications to the cloud, new digital services, and 24/7 availability therefore naturally raise the question of how to measure and reduce energy consumption.Why sustainability matters for banks too
