Implementation of Green Information Technologies in the Modern Banking Sector (Yessenov Science Journal)

Summary

• VTB converted 97% of all internal documents to electronic format under its Paperless Bank programme.p.4
• 99% of the most popular transactions for private individuals at VTB are available remotely, without a branch visit.p.4
• VTB reduced paper consumption by 900 million sheets over two years of paperless technologies.p.4
• Sberbank announced plans to reduce indirect energy-related CO2 emissions by 4% in 2022 alone.p.3
• Sberbank raised the voltage in power supply systems to 20 kV to reduce losses.p.3
• Green IT covers the design, manufacture, use and disposal of computing systems so as to minimise environmental impact.p.2

Key insights

1. Green IT adoption in banks has become part of a broader ESG strategy and green banking aimed at reducing the carbon footprint.p.2
2. Sberbank uses an ECM system to manage digital documents and offers customers digital services that replace paper statements and forms.p.3
3. Sberbank installed smart climate and cooling control and mechanical energy storage in its data centres.p.3
4. VTB converted 97% of internal documents to electronic format in two years.p.4
5. VTB cut paper consumption by 900 million sheets.p.4
6. Reduced branch numbers mean lower resource consumption for their maintenance.p.5
7. Digital and environmental goals reinforce each other, leading to a more sustainable and efficient banking model.p.5