Cloud Computing is Saving the Financial Industry and the Environment
In the past five years, 85% of consumers have begun changing their purchasing habits based on the sustainability of the companies from which they are making those purchases.
Sustainability and achieving “net zero” status is on the minds of the majority across the globe, and this is evident in every market, including the financial industry. Because of these consumer trends, as well as the simple fact that every organization should be focusing some of their efforts on sustainability, most businesses in the finance industry are finding “going green” to be an essential part of their business strategies for the future.
One of the most impactful ways that financial organizations can work toward “net zero” is by transitioning to cloud computing. Currently, the billions of daily purchases and credit card transactions are usually each accompanied by CO2 emissions.
By making the change to the cloud, the finance industry can keep waste out of landfills and create a circular economy where 23% of technological components can be refurbished. This transition can also reduce CO2 emissions by 59 metric tons per year, which is the same as removing decommissioning 22 million vehicles.
In other words, cloud computing in the financial industry is great for the environment and will help to retain the majority of consumers who are backing environmental causes.