20 May '11, 6pm

Bank of America Aims for 15% Cut in GHG Emissions

May 20, 2011 - Bank of America (NYSE: BAC) aims to cut its greenhouse gas emissions 15% below a 2010 baseline by 2015. The goal expands on a previous target for cutting U.S. emissions 18% between 2004 and 2009. It also incorporates all operations—across 40 countries—and includes Merrill Lynch and Countrywide, which Bank of America acquired during recent restructuring in the financial industry. Combined, the two goals would take BOA to a GHG level 30% below the 2004 baseline, if the company meets the new goal. BOA said that would be equal to 700,000 metric tons of CO2-equivalent—the same as eliminating the annual GHG emissions from more than 124,000 passenger vehicles. 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 efficie...

Full article: http://www.sustainablelifemedia.com/content/story/strateg...

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