Achieving Sustainability in the Financial Industry

Among all the other concerns of 2022, such as inflation and a potential World War III, climate change is one that still needs massive attention in every industry. 

One that may not immediately come to mind is that of finance. The billions of daily purchases and credit card transactions, along with thousands of new credit organizations, means a pretty hefty carbon footprint which begs to be reduced in order to help reverse the damage to our environment. 

Fortunately, there are already solutions to many of the “normal” modes of operation that currently contribute to the problem of climate change. One of the most significant changes that can be made in the financial industry is switching to cloud computing. 

Not only is making this change important for the climate, but consumers are also making more than more choices based on sustainability. In fact, consumers report that sustainability is one of the most important topics to consider in financial services, and 1 out of 3 would be willing to pay more for sustainable options. The vast majority of consumers have changed their purchasing habits within the past 5 years, to move closer to “net zero” on an individual level.

For the financial industry, this means that transferring to cloud computing is not only the right choice for the environment, but also the best choice for maintaining success.

How the Cloud Can Help Reduce Carbon Emissions for the Financial Services Industry