Commercial, Energy Efficiency, GHG Emissions  -  May 16, 2022

Fiserv Updates Emission Reduction

Fiserv, Inc., a global provider of payments and financial services technology solutions, reported on progress made to reduce energy consumption and GHG emissions. In 2021, Fiserv expanded Scope 3 GHG emissions reporting to include categories beyond business travel. 

The company is developing solutions to reduce its footprint, including evaluating how Fiserv develops new facilities, book business travel, and consolidates its data centers. Currently, much of the company’s savings comes from projects with environmental benefits that are efficient from a business standpoint. 

Details were released in its 2021 Corporate Social Responsibility (CSR) Report.

Developing an inventory of Fiserv’s GHG emissions following the acquisition of First Data was an important first step in understanding the company’s emissions baseline. Fiserv is currently evaluating a low-carbon transition plan and expects to set an initial GHG emissions reduction target on or before publication of the 2022 report, as part of a larger effort to develop our decarbonization roadmap.

Fiserv continues to invest in emissions reduction strategies that will contribute to the decarbonization strategy, including:

• Upgrading data center equipment to more energy-efficient versions. As data center equipment comes to the end of its life, the data center team considers energy efficiency in every replacement made, including mechanical and electrical infrastructure equipment, UPS (uninterruptable power supply) system upgrade and computer room AC units
• Efforts to move to chillers that use refrigerants with lower global warming potentials, as data center chillers are replaced

Fiserv has made progress in reducing its emissions footprint by eliminating redundant operations in data centers and exiting real estate space. To date, more than 30 data centers have been consolidated. 

“Our approach to corporate social responsibility reflects our global presence and is embedded in how we deliver solutions and services every day as part of the fabric of people’s financial lives,” said Neil Wilcox, Head of Corporate Social Responsibility at Fiserv, in a statement. “We are advancing our CSR programs and ESG reporting, and encouraging associate engagement as we look to move our communities and society forward in meaningful and impactful ways.”

Read These Related Articles:

• Fiserv Advances on Scope 3 Reporting

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