Finastra will also use the service to balance its own emissions, supporting its goal to become carbon neutral by 2030
Finastra has teamed up with EcoTree, a specialised forestry company focused on carbon removal and biodiversity preservation through tree planting and sustainable forestry management.
The initiative gives Finastra customers the opportunity to remove the carbon footprint associated with both the running and implementation of technological solutions, an important step as banks and financial institutions move towards net-zero carbon emissions.
Customers of Finastra’s solutions opting for this service benefit from a simple green partnership that enables them to be allocated trees from Finastra’s Forest to remove any emissions associated with both the implementation and running of Finastra’s software.
EcoTree’s unique approach provides a nature-based carbon removal program that results in a net carbon reduction through sequestering carbon from the atmosphere.
The business rationale of the model is tied up in the natural growth of a tree as a physical asset, which also creates a safe home for forest animals and captures carbon along the way.
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