The financial service industry has become a prominent contributor to global emissions as the global market continues to grow. With over 1 billion credit card transactions, 369 billion purchases, and 319 thousand new credit card organizations created daily, small emissions begin to add up. Equifax, in response, has paired with Google to build a cloud and security infrastructure. This means that instead of physical data centers that produce waste the daily transactions will be held on a purely digital network. It’s through this process that some Google data centers are already operating at a 90% carbon reduction.
Beyond just this though Equifax is committed to reaching net-zero greenhouse emissions by 2040. Their personal investment in cloud technology has led to the closing of 12 data centers and was predicted to reduce 6,000 metric tons of carbon emission in 2021 alone. Also, while taking steps to transition to the cloud Equifax has also made efforts to use space and energy more efficiently and ethically.
It’s through efforts like these that companies today are starting to satisfy the public's outcry for sustainability. 59% of CEOs are making strides towards renewability and low carbon production. This makes sense knowing that 85% of people globally have shifted towards more sustainable lifestyles. People want to sustain the planet and are making an effort towards that end.
Infographic by: equifax