Lloyds Banking Partners With Dynatrace to Lower IT Emissions

In a bid to Reduce its IT Carbon Emissions, Lloyds Banking Group has Partnered With Dynatrace, Which Will Measure the Bank’s IT Carbon Impact

Leading UK financial services provider, Lloyds Banking Group, has partnered with Dynatrace to reduce its IT carbon emissions footprint. 

Per the deal, Dynatrace will offer real-time insights measuring the environmental impact of Lloyds’ emissions. The bank says this insight will be invaluable as it bids to meet its sustainability goals. 

Kevin Bird, Operational Performance and Analytics Lead at Lloyds Banking Group, says: "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 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 optimise 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 75%.”

Indeed, the move from Lloyds to scale up its sustainability efforts comes after several leading banks have once again pledged themselves to net zero plans, the latest being HSBC’s Net Zero Transition Plan.

Dynatrace: How carbon impact measurement works

An observability and security technology provider, Dynatrace says it will use data-driven insights and feedback from tracking Lloyds’ carbon emissions to develop its app – Dynatrace Carbon Impact further. 

Indeed, it is this app that will power the measurement of Lloyds’ IT carbon impact, by translating utilisation metrics including CPU, memory, disk and network I/O energy outputs into their CO2 equivalent (CO2e). 

The tech firm’s Carbon Impact then offers actionable guidance, based on its measurements, for the most efficient ways to reduce overall IT carbon footprints. 

This feedback includes details of CO2e consumption per source, leveraging filters to help organisations narrow the focus on high environmental impact areas of their IT suite. 

Dynatrace Carbon Impact can complete such CO2e tracking endeavours by leveraging its proprietary Dynatrace platform and Smartscape topology and dependency mapping. 

This technology powers precise optimisation insights, automates the application of tracking capabilities and offers context processing to promote a foundation for building green code initiatives. 

Klaus Enzenhofer, Product Lead at Dynatrace, adds: “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 multi-cloud environments. 

“This has allowed us to accelerate and focus on our product development while helping our customers meet their sustainability goals.”


Make sure you check out the latest edition of FinTech Magazine and also sign up to our global conference series – FinTech LIVE 2024


FinTech Magazine is a BizClik brand.


Featured Articles

Capital One's Takeover of Discover: All you Need to Know

Capital One's proposed US$35.3bn acquisition of Discover Financial would bring together two of the largest credit card companies in the US

Sustainability LIVE Net Zero: Sustainable Finance Insights

Financial services and banking executives have the opportunity to hear from the world’s biggest sustainability leaders discussing the future of Net Zero

EPAM: 96% of Consumers Happy With AI in Banking

EPAM Continuum has conducted its 2024 Consumer Banking Report, suggesting that 96% of consumers are happy with banks adopting AI

Bitcoin Reclaims US$1tn Valuation; the Bull Market is Here


COMING SOON: Top 100 Women in FinTech 2024

Digital Payments

FinTech LIVE Dubai: Linoy Kidd, CIO at HSBC

Financial Services (FinServ)