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Transitioning to green IT in banking, financial services, and insurance

M Indira Priyadarsini

Head, Solution and Delivery, Sustainable Banking and Investments, BFSI, TCS

Subramanian Kuppuswami

Global Head, Sustainable Banking and Investments, BFSI, TCS

Highlights

  • The IT infrastructure demands of BFSI firms have led to higher emissions, forcing companies to prioritize sustainable IT operations.
  • Measuring the carbon footprint of IT firms is key to reducing emissions and such accounting spans the entire life cycle of sourcing, operations, and disposal.
  • We recommend three strategic pillars for BFSI firms to reduce their carbon footprint—green hardware, green software, and green actions. However, real change is only possible when sustainability and green practices are embedded into the organizational DNA.