As organizations increasingly adopt sustainable practices in an era of paramount environmental consciousness, YES Securities, guided by its CTO Kinjal Shah, has made significant strides in its green journey with several measures implemented, partnerships forged, and milestones achieved.
Energy-Efficient IT Devices
Over the past 2 years, YES Securities has taken deliberate steps to reduce its carbon footprint. They have prioritized the procurement of energy-efficient devices, which save costs and contribute significantly to a greener IT infrastructure. the organization strategically migrated certain services to the cloud, optimizing server capacity and enhancing scalability while reducing the reliance on physical servers, thereby minimizing overall energy consumption.
Kinjal Shah, emphasizing the organization’s efforts, shares: “Efforts are being made to optimize/sunset old applications and free up hardware. Data from more than 8 years is also archived into compact solutions.” This proactive approach includes retiring outdated applications to free up hardware resources and ensure efficient utilization of IT assets.
E-Waste Management
YES Securities prioritizes responsible e-waste handling as a cornerstone of its sustainability efforts. The IT team conducts quarterly reviews of laptops and desktops to assess their lifecycle status, ensuring devices older than 3 years undergo updates or refurbishment to extend their usability.
Functional devices are repurposed through donation initiatives benefiting schools and small enterprises, preventing unnecessary waste while supporting community needs. Collaborating with specialized vendors in electronic waste management guarantees expert handling of damaged or obsolete devices, ensuring compliance with stringent environmental regulations.
Supported by a board-reviewed policy, the organization maintains comprehensive guidelines that govern its sustainable e-waste practices, emphasizing environmental responsibility across all operations.
Green Success with Hitachi
YES Securities attributes its success to its strategic partnership with Hitachi Systems, which has contributed substantially to YES Securities’ green initiatives by leveraging its expertise in energy-efficient solutions, data center optimization, and sustainable practices.
Reporting & Recognition
While YES Securities hasn’t won any awards specifically for green IT initiatives in the last 2 years, its commitment remains unwavering. Kinjal emphasizes: “None is required for regulators at this point as it is only an advisory. We have created a policy for handling electronic waste.” Currently, reporting to regulators is advisory, but the groundwork is laid for future milestones.
In summary, YES Securities, guided by Kinjal Shah’s vision, exemplifies how financial institutions can embrace sustainability without compromising efficiency. Their journey toward a greener future continues, setting an inspiring example for the industry.
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