EcoTech Research: Climate Change
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Overview: TechWeb asked subscribers of Bank Systems & Technology and Insurance & Technology about energy-saving computing practices, paperless processing and other environmentally aware business practices in their organizations.
From more than 600 responses, we were able to make several observations about the financial services industry’s response to the threat of climate change. Overall, the green message is getting through, and financial services executives have demonstrated a high level of concern and awareness of green issues. However, this interest has been slow to translate into concrete action, which has been largely limited to paper-saving efforts and reduction of energy use in the data center. As far as climate change risk management, green advocacy and other emerging practices, the financial services industry still has a long way to go.