(Boursier.com) — Finastra today announced its partnership with EcoTree, a forestry company specializing in the elimination of carbon dioxide and the preservation of biodiversity through the planting of trees and the sustainable management of forests. This initiative offers Finastra’s customers the opportunity to overcome their carbon footprint resulting from the operation and implementation of technological solutions, an important step at a time when banks and financial institutions are moving towards carbon neutrality. Finastra will also use this service to balance its own emissions, supporting its goal of becoming carbon neutral by 2030.
“Finastra has a strong ESG framework and is committed to helping the financial services sector better protect the environment and achieve carbon neutrality. We are proud to carry this project with such a player as well as its clients”, says Thomas Canguilhem, international CEO of EcoTree.
“With the objective of drastically reducing the presence of carbon dioxide in the atmosphere, this approach stands out from traditional offset programs and will reduce the environmental impact of essential technological solutions. Seeing companies take responsibility their carbon footprint and building partnerships that can help save our planet and humanity from the devastating impact of climate change is hopeful.”
Users of Finastra solutions who opt for this service benefit from a green partnership that allows them to be allocated trees from the Finastra forest. A benefit that aims to eliminate any emissions associated with the implementation and operation of Finastra’s technological services.
EcoTree’s unique approach provides a natural carbon dioxide removal program that – unlike offset solutions that simply divert emissions – results in a net carbon reduction through sequestration. The business logic of this model relies on the natural growth of a tree as a physical asset, which also creates a safe habitat for forest animals while capturing carbon emissions.
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