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UK Banks Failing to Plan for Environmental Sustainability |
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Monday, 28 January 2008 |
A recent study surveying 50 senior executives in the UK conducted by Datamonitor and commissioned by BT Global Services found that UK banks are failing to use technology effectively to improve environmental sustainability. The study found that 94% of financial institutions (with more than 500 employees) believe that sustainable practices are important and further 90% of them believe that IT has a role to play in increasing their sustainability. However, only 51% of them actually has a proper plan to utilise technology to help their organisation become more sustainable.
The study found that 31% of banks found their biggest challenge with respect to sustainability was keeping up with growing customer demand for products and services that clearly showed sustainability. The next challenge with 29% was found to be reducing energy usage and other challenges were ensuring suppliers operate in a sustainable manner (8%) and limiting any negative social impact (6%).
Read the full story at Finextra.com
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