21 June 2018
Offline at 101
Steve Ellis

Offline at 101

Steve Ellis - Metia

54Posts 218,098Views 50Comments
Going green

Going green

Assessing the carbon footprint of fintech and looking to the future.

Analyst: online banking could save 17m trees each year

25 July 2007  |  4519 views  |  0

Tekrati, the analyst reporting service, has flagged up research by Javelin Strategy and Research that puts a environmental value on the shift to banking online.

Read the full Tekrati story here - or buy the report from Javelin, which covers more than just the headline grabbing green case.

Some of the envirnmental headlines Tekrati highlighted were:

The Yearly Benefits -- If All U.S. Households Viewed and Paid Bills Online:

  • Saves 2.3 million tons of wood, or 16.5 million trees.
  • Reduces fuel consumption by 26 million BTUs – enough energy to provide residential power to San Francisco for an entire year.
  • Decreases toxic air pollutants by 3.9 billion pounds of CO2 equivalents (greenhouse gases), akin to having 355,000 fewer cars on the road.
  • Reduces toxic wastewater by 13 billion gallons, enough to fill almost 20,000 swimming pools.
  • Lowers solid waste generated by 1.6 billion pounds – equal to 56,000 fully loaded garbage trucks.
  • Removes 8.5 million particulates and 12.6 million nitrogen oxides from the air – on par with taking 763,000 buses and 48,000 18-wheelers off the streets.
  • Saves landfill space and curbs the amount of toxic chemicals, including methane gas, released into the atmosphere as paper decomposes.

Personally, I find the overlap between banks, their use of technology and their ability to respond to both green and other CSR type issues, really relevant and interesting.

It drifts a little from Finextra's core subject matter - and I joined Pete's Going Green community - but is this the sort of issue area we'd like to hear more about?


Comments: (0)

Comment on this story (membership required)

Latest posts from Steve

The social angle on Money2020

04 November 2014  |  2387 views  |  0 comments | recomends Recommends 0 TagsPaymentsInnovation

Fintech marketers most fear the enemy within?

28 October 2014  |  2582 views  |  1 comments | recomends Recommends 2 TagsPaymentsInnovation

A look inside the heads of 34 expert fintech analysts

16 January 2014  |  2917 views  |  0 comments | recomends Recommends 0 TagsInnovationTransaction banking

Coinye West: Bitcoin's first celeb branded currency?

03 January 2014  |  2536 views  |  1 comments | recomends Recommends 0 TagsBlockchainInnovation

Social channels: a lightning rod for the whole bank?

30 September 2013  |  4063 views  |  3 comments | recomends Recommends 1 TagsMobile & onlineRetail banking

Steve's profile

job title Founder
location London
member since 2007
Summary profile See full profile »
I'm founder at Metia. We are a global marketing agency that develops great experiences, encourages conversations, influences opinion formers and builds communities. We have over twenty five years expe...

Steve's expertise

Member since 2005
54 posts50 comments
What Steve reads

Who's commenting on Steve's posts