Information Technology Resources Virtualization for Sustainable Development

Today, business organizations seem to be involved in the processes of sustainable development. Therefore, not only economic indicators of performance are considered but also the environmental responsibility is equally important. The environmental responsibility covers social responsibility and natural environment responsibility. The latter demands taking into account promotion of sustainable use of renewable natural resources, reducing the emissions and wastages, decrease of energy consumption. The first part of the paper includes presentation of benefits resulting from IT (Information Technology) resources virtualization, grid computing and cloud computing development. The second part contains a model of IT governance for sustainability.