Dynatrace Teams With Lloyds Banking Group to Reduce IT Carbon Emissions
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Understanding the carbon footprint of IT infrastructure is becoming increasingly critical for businesses aiming to meet sustainability targets. The collaboration between Dynatrace and Lloyds Banking Group represents a significant step in integrating environmental considerations into the financial sector's operational strategies. The deployment of the Carbon Impact app by Dynatrace facilitates granular tracking of IT-related carbon emissions, which is essential for identifying high-impact areas for improvement.
This initiative not only supports Lloyds Banking Group's commitment to reducing its operational carbon emissions but also sets a precedent for other financial institutions. By leveraging technology to pinpoint precise areas of inefficiency, the potential for energy savings and carbon footprint reduction is substantial. This approach aligns with the broader industry trend towards sustainable practices and could influence investor sentiment positively, as it reflects a proactive stance on corporate social responsibility.
The financial technology landscape is evolving, with an increased emphasis on software that can provide insights into sustainability metrics. Dynatrace's Carbon Impact app represents a convergence of observability and eco-consciousness, offering a product that resonates with the current market demand for green technology solutions. The ability to translate IT utilization metrics into CO2 equivalents provides Lloyds Banking Group with actionable data to optimize their digital infrastructure.
From a financial perspective, the adoption of such technologies can lead to cost savings through more efficient resource utilization and potentially enhance the institution's reputation among environmentally conscious stakeholders. In the long term, the demand for such solutions is likely to grow, potentially benefiting Dynatrace's market position and financial performance as they cater to a niche but expanding segment within the FinTech industry.
Lloyds Banking Group's initiative to refine its IT carbon footprint aligns with global corporate strategies that prioritize sustainability. This move is not only ethically commendable but also strategically advantageous in a marketplace where consumers and investors increasingly favor companies with strong sustainability credentials. By collaborating with Dynatrace to enhance the Carbon Impact app, Lloyds is positioning itself as a leader in the green transformation of financial services.
The focus on actionable guidance for reducing IT carbon emissions suggests a proactive approach to operational efficiency, which could yield significant cost savings over time. Moreover, the ability to provide detailed energy and CO2e consumption data enhances transparency, which is a key factor in stakeholder trust and could positively influence the company's stock performance as market confidence grows.
Real-time insights support leading financial institution to meet its sustainability goals
(Graphic: Business Wire)
To help address this need, Dynatrace is using insights and feedback from Lloyds Banking Group to further develop Dynatrace® Carbon Impact. The app translates utilization metrics, including CPU, memory, disk, and network I/O, into their CO2 equivalent (CO2e). It also provides actionable guidance for how to reduce the overall IT carbon footprint. Additionally, it details energy and CO2e consumption per source with filters to help narrow the focus to high-impact areas. For example, it highlights underutilized instances in a specific data center along with top CO2e emitters within a distinct host group. To achieve these objectives, Carbon Impact leverages the Dynatrace® platform and its Smartscape® topology and dependency mapping, providing precise optimization insights and automatic application and process context to establish the foundation for green coding initiatives.
Klaus Enzenhofer, Product Lead at Dynatrace, said: “Dynatrace successfully rolled out the Carbon Impact app last year, and we’ve been working with Lloyds Banking Group to develop it further to support our customers’ hybrid and multicloud environments. This has allowed us to accelerate and focus on our product development while helping our customers meet their sustainability goals.”
Kevin Bird, Operational Performance and Analytics Lead at Lloyds Banking Group, said: "Working with Dynatrace has helped us to assess the visibility and impact of our IT carbon emissions. Our sustainability efforts require deep granularity, and collaborating together has allowed us to see where our efforts are most impactful in the context of our broader IT architecture. This helps us identify more meaningful opportunities to optimize our digital infrastructure and will be a critical step forward as we work to reduce our operational sector’s direct carbon emissions by at least
To learn more about the Dynatrace Carbon Impact app, visit the Dynatrace blog.
About Dynatrace
Dynatrace (NYSE: DT) exists to make the world’s software work perfectly. Our unified platform combines broad and deep observability and continuous runtime application security with Davis® hypermodal AI to provide answers and intelligent automation from data at an enormous scale. This enables innovators to modernize and automate cloud operations, deliver software faster and more securely, and ensure flawless digital experiences. That’s why the world’s largest organizations trust the Dynatrace® platform to accelerate digital transformation.
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Cautionary Language Concerning Forward-Looking Statements
This press release includes certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, including statements related to the Carbon Impact app. These forward-looking statements include all statements that are not historical facts and statements identified by words such as “will,” “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates,” and words of similar meaning. These forward-looking statements reflect our current views about our plans, intentions, expectations, strategies, and prospects, which are based on the information currently available to us and on assumptions we have made. Although we believe that our plans, intentions, expectations, strategies, and prospects as reflected in or suggested by those forward-looking statements are reasonable, we can give no assurance that the plans, intentions, expectations, or strategies will be attained or achieved. Actual results may differ materially from those described in the forward-looking statements and will be affected by a variety of risks and factors that are beyond our control, including the risks set forth under the caption “Risk Factors” in our Quarterly Report on Form 10-Q filed on November 2, 2023, and our other SEC filings. We assume no obligation to update any forward-looking statements contained in this document as a result of new information, future events, or otherwise.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240131738320/en/
Investor Contact:
Noelle Faris
VP, Investor Relations
Noelle.Faris@dynatrace.com
Media Relations:
Jerome Stewart
VP, Communications
Jerome.Stewart@dynatrace.com
Source: Dynatrace
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