Green Is the New Black: The Business Case for Environmental Initiatives in US Financial Institutions

Published by: TowerGroup

Published: Jul. 28, 2008 - 7 Pages

Table of Contents

Report Coverage

Developing a Business Case for Green: Considering the Costs and Benefits

Rising Demand and Cost of Energy

FSIs' Pivotal Role in the Green Debate

Summary

Abstract

TowerGroup Take-Aways

• Financial services institutions (FSIs) that seize a leadership role in shaping environmental best practices will gain competitive advantage in the still-emerging green business landscape.
• FSIs can gain a critical role in the green evolution by providing new investment products, financial and risk management expertise and infrastructure, and pricing and trading carbon emissions contracts.
• Facilities managers and IT departments face ballooning energy costs that will drive energy efficiency improvements throughout the financial services industry.
• Customer and talent retention should be taken into consideration in shaping the corporation's environmental policies and practices.
• FSIs developing their green messages must consider how best to leverage the attention of employees, shareholders, future customers, and future recruits.

Report Coverage

This TowerGroup Research Note provides insight to financial services institutions (FSIs) on the business case for environmental initiatives. The Note outlines nine business drivers that are critical for US FSIs to consider as they develop "green" action plans. The costs and benefits of concerns that are an indispensable part of any plan for a sustainable environment are discussed.

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