Engagement
We have had discussions with CIBC, Scotiabank and TD Bank to find out what they’re doing to ensure that their data centres are energy efficient.
Outcome
CIBC uses cloud computing to help improve data processing efficiency. The bank also applies energy efficiency standards when making technology purchases. Scotiabank is working on incorporating cloud computing and eliminating printers. It also has a number of other energy efficiency measures in place, including the use of hydrogen for back-up power.
TD is also moving towards cloud computing and is diversifying its power sources, with measures including rooftop solar panels. VCIM also encouraged each bank to include additional disclosure in their annual sustainability reports and describe how they are managing the shift to electronic banking.
