Credit Crunch and Climate Crunch - Corporate Social Responsibility

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FICOTechTalk
April 03, 2009

Reducing carbon footprint while maximizing shareholder value is a strategic imperative for modern businesses.
Laurent Pacalin, FICO™ chief marketing officer and co-founder of the clean tech open, is interviewed by Darcy Sullivan. FICO™ has established a standard

credit scoring service that has enabled equal opportunity banking. The Clean Tech Open is the most successful clean tech business plan in the nation

supporting entrepreneurs push toward the development of a lower carbon economy. At FICO™ we are interested in achieving economic, environmental and social

success. The sustainability thought leader Andy Savitz calls this the triple bottom line.

Now, as an industry leader, we take it upon ourselves to solve really big problems. In the context of FICO™ the big problems that we can tackle are what I

call the Climate Crunch and the Credit Crunch.

The office and IT are becoming major drivers of climate change. Let me try to illustrate this point. By 2020, McKinsey predicted that IT would be the cause

of 1.5 gigatons of greenhouse gases. Weve recently announced a Sustainable Enterprise Initiative to focus on reducing FICO™ carbon footprint. Led by our CIO,

Christopher Rence, and supported by our employees. It is focused on three key areas, greening our data centers by improving the energy efficiency of our IT

infrastructure, reducing employee commute miles by encouraging telecommuting and decreasing overall printing and using post-consumer paper wherever possible.

These efforts are expected to meaningfully reduce FICO's greenhouse gas emissions. Specifically, by 2010, FICO™ plans to cut the amount of power needed to

run its information technology systems by 50 percent and reduce its printing output by 80 percent. Leveraging virtualization technology and IT services in

the cloud.

Our objective is to empower the consumer through better financial education.

Through myFICO.com we make available for free a wide range of valuable educational material about credit so that consumers can be empowered to take control

of their financial lives. Fico Scores on Statement program.

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ChristiGreinier (3 months ago) Show Hide

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The people that created these issues will not be the ones to fix them.

greenstarenergy (6 months ago) Show Hide

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Everyone needs to do a part whether it be small or on a larger scale; if we all do something it all adds up for the benefit of the planet. For us & future generations.

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