“There is no green without digital.” That’s the claim from CEO of Nokia Pekka Lundmark. With this statement, Lundmark gets at the heart of the IT industry’s role in preserving the ecology of our planet.
THE “GREEN” TOPIC
While we live in a time of rapidly advancing technologies, human life is still very vulnerable to the power of nature. World scientific communities are trying to draw public attention to the dangers that we are starting to see as a result of global warming. Global warming leads to natural disasters, climate change refugees and various adverse socio-political actions, which adversely affects the economic landscape of the whole world.
Climate change is a consequence of the increased “greenhouse effect” over the surface of the planet. Many modern ecologists emphasize that one of the main reasons for increases in greenhouse gases is human industrial activity, which leads to emissions of gases into the atmosphere’s lower layers. The main gases emitted into the atmosphere are carbon dioxide, methane and water vapor.
The climate agenda seeks new ways to transform humans’ impact on the environment. Investments in technologies and projects for energy, industry, forestry, agriculture modernization and waste management are a new trend. Everyone can participate: governments, businesses, individuals.
Operating data centers requires an enormous amount of electricity. However, when businesses purchase reserve servers, they use an enormous amount of energy to power and cool them even when not in use. Cloud solutions reallocate and grow virtual resources on the go, reducing overall energy consumption by consolidating computing resources on fewer physical machines.
SOLANTEQ CREATES UNIVERSAL CLOUD AND HYBRID PAYMENT SOLUTIONS, SUPPORTING BANKS’ SUSTAINABILITY INITIATIVES. WE STRIVE TO MINIMISE THE ENVIRONMENTAL IMPACT OF OUR BUSINESS, AND WE HELP OUR CUSTOMERS AND USERS TTO ACT THE SAME WAY WITH OUR SOFTWARE SOLUTIONS.
In addition, the use of a virtual server can create a significant, positive economic effect. A virtual server capacity can be quickly updated as needed – therefore, there is no need for constant capacity reservation and the excessive costs that come with it.
When thinking about climate change and banking, here are important aspects to consider:
- deforestation, as in the process of photosynthesis, trees convert part of carbon dioxide into oxygen, mitigating impact on the climate.
- difficult-to-decompose wastes that, under the influence of solar radiation, emit impurities of greenhouse gases methane and ethylene.
Mankind is trying to significantly reduce the consumption of paper, the production of which requires the use of wood, water and other resources. During the production process, toxic, dangerous-for-the-environment substances are formed (for example, chlorine dioxide, which is used to bleach cellulose fibers). Therefore, organizations, including financial market players, are trending towards electronic document management systems instead of paper systems.
Every individual person is able to take care of the environment and make a choice in favor of conscious consumption — for example, by opting for a digital payment card instead of a plastic one. Consumers and regulators expect the card industry to meet environmental values. Bank cards are most often made of polyvinyl chloride — a strong and durable material, which, however, has a detrimental effect on nature and humans. Technologies for producing cards from sustainable sources such as corn, ocean plastic and recycled PVC are still expensive for mass use and cannot compete with traditional cards in terms of durability.
The issuance of a digital card is much cheaper for banks due to the absence of costs for issuance, delivery, storage and disposal that come with traditional plastic cards. Thanks to digital cards, the coverage of remote areas and people with limited mobility is expanding, and waste is being reduced.
SOLAR TRANSACTION PROCESSING SUITE PROVIDES INTEGRATION WITH BANKING ELECTRONIC DOCUMENT MANAGEMENT SYSTEMS, OFFERS THE CONVENIENCE OF DIGITAL PAYMENT SERVICES AND SHARES ENVIRONMENTAL CARE VALUES