Sustainability in Financial Services: Where Profit Meets Purpose

Sustainable businesses aren’t just good for the planet — they’re good for the bottom line.

Companies with strong ESG practices consistently outperform their peers, proving that doing good is good for business.1

The financial services industry, with its traditional paper-heavy operations, has a unique opportunity to embrace sustainability and reap the benefits. By adopting eco-friendly practices and leveraging digital transformation, firms can reduce their environmental impact and enhance their bottom line.

The Hidden Cost of Paper & The Power of Digital Transformation

Despite technological advancements, global paper consumption continues to rise at an alarming rate. The average office worker uses a staggering 10,000 sheets of paper annually.2 This exacerbates the socio-ecological impacts caused by deforestation, increased carbon emissions, and unnecessary waste.

Stanford researchers support digital transformation, noting that the transition to online formats can significantly reduce the need for paper, streamline workforce needs, and minimize transportation-related emissions.3 Analysis by Accenture, in collaboration with the World Economic Forum, shows that digital technologies could deliver up to 20% of the 2050 reduction in emissions.4 

Additionally, your firm can enjoy a variety of benefits from going green. From investment tax credits and energy-efficient upgrades to your building to potential cost savings on utilities, there are numerous financial incentives.

A Sustainable Option

Quik! is proud to be at the forefront of this movement, offering paperless automation solutions that empower financial service firms to embrace a greener future. Our platform eliminates the need for physical forms and manual data processing, helping businesses:

• Reduce Paper Waste: By utilizing digital forms and e-signatures, companies can save trees and minimize waste. Quik! has already saved over 100,000 trees to date — that’s one tree saved every hour!

• Streamline Workflows: Digitization eliminates the time constraints of manual data entry, leading to increased efficiency and productivity.

• Cut Carbon Footprint: Quik! reduces or eliminates the need to print and mail documents, contributing to a smaller environmental impact.

Ethical Leadership in Action

Quik!’s commitment to sustainability goes beyond our product offerings. We actively partner with the Arbor Day Foundation to support critical restoration efforts in forests of greatest need, planting thousands of trees throughout the U.S. to date. These efforts will help remove air pollution, intercept stormwater runoff, and sequester significant amounts of CO2 over the next 40 years.

Quik! has been at the forefront of digital forms transformation, helping companies reduce paper and focus on strategic goals. Together, let’s create a greener future for the financial services industry and beyond. Contact us to learn more.

Sources:

1. The triple play: Growth, profit, and sustainability. (2023). McKinsey.

2. Reducing Waste in the Workplace. Minnesota Office of Environmental Assistance

3. Digital Sustainability for a Better Future. (2024). Stanford Social      Innovation Review.

4. Digital solutions can reduce global emissions by up to 20%. Here’s how. (2022). World Economic Forum.