Brief Description of Bank of America:
Bank of America is one of the world's largest financial institutions, serving individual consumers, small and middle market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk-management products and services. The company serves more than 54 million consumer and small business relationships with more than 5,700 retail banking offices, nearly 17,000 ATMs and award-winning online banking with more than 19.8 million active users. The company serves clients in 175 countries and has relationships with 98 percent of the U.S. Fortune 500 companies and 79 percent of the Global Fortune 500. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange. Visit Bank of America's Web site for more information. [1]
Bank of America's Greenhouse Gas Reduction Target:
- The company has set a target of reducing its greenhouse gas emissions nine percent by 2009 relative to 2004 levels.
CEO: Kenneth D. Lewis
What Bank of America Has to Say About Climate Change:
"We hold the core belief that we should contribute to the communities in which we work and live and that healthy communities create good business opportunities. We strive to create initiatives that apply business practices to good environmental behavior."
Anne Finucane, Bank of America Global Marketing and Corporate Affairs executive and heard of the company's environmental council.
More on Bank of America and Climate Change
- Bank of America works with its energy and utility customers to reduce their greenhouse gas emissions.
- The company is building the Bank of America Tower, which will be the world's most environmentally-sound sky scraper.
- From 2000-2005, the company reduced paper usage 32 percent even as the bank's customer base grew 24 percent
- The bank recycles nearly 30,000 tons of paper annually, effectively recycling more paper than it uses for internal operations.
- Read more about Bank of America's climate change position by clicking here [2].