28 May '11, 2pm

Bank of America Aims for 15% Emissions Cut by 2015

Bank of America (NYSE: BAC) aims to cut its greenhouse gas emissions 15% below 2010 levels by 2015. The goal expands on a previous target for cutting U.S. emissions 18% between 2004-2009. It also incorporates all operations-across 40 countries - and includes Merrill Lynch and Countrywide, which Bank of America acquired during the recent financial industry restructuring. If BOA meets the new goal, its emissions would be 30% below 2004 levels, about the same as the annual emissions of 124,000 passenger cars (700,000 metric tons of CO2). 90% of BOA's emissions come from energy consumption. To operate more efficienty, the bank plans to expand the use of energy management systems; increase computing efficiency; improve HVAC and lighting efficiency; and educate employees on behavioral changes. Under the company's Hybrid Vehicle Reimbursement program, eligible U.S.-based employee...

Full article: http://www.sustainablebusiness.com/index.cfm/go/news.disp...

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Bank of America Aims for 15% Cut in GHG Emissions

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