Environment as a Corporate Responsibility

1
Environment as a Corporate Responsibility

• Evan C. Henry
• Senior Vice President
• Environmental Services Department
• Bank of America

2
Why Corporate Responsibility?

• Reputation risk
• Business risk
• Franchise protection
• Cost savings
• Business opportunities
• Doing the right thing

3
Bank of Americas Environmental Activities

• Business Risk Management
• Environmental Services Department
• Reputation Risk Management
• Public Policy Department
• Internal Greening
• Facilities
• Purchasing
• Community Action
• Foundation
• Community Development Banking
• Team BankofAmerica
• Business Opportunities
• Cause-related marketing
• Environmental goods and services

4
Internal Greening

• Forms
• Delivery of Office Supplies
• Records Management
• Printers
• Toner
• Food Services
• Carpet
• Suppliers

5
Compliance or Beyond Compliance?

• Compliance requires a standard
• Minimal compliance needs of Bank
• Asbestos
• Property Transfer
• Tank and Air Permitting
• Beyond Compliance has no standard
• Prevention
• Third party risks

6
Voluntary Industry Standards

• Often developed in absence of regulation
• Examples
• Ceres
• UNEP Finance Initiative
• Equator Principles
• Global Reporting Initiative
• Metafore
• EPA Climate Leaders
• EPA Energy Star

7
Real Examples

• Bank of AmericaTower at One Bryant Park in New
  York City
• New 52-story building
• U.S. Green Building Council's Leadership in
  Energy Environmental Design (LEED) Platinum
  designation.
• high-performance technologies
• to use dramatically less energy,
• consume less potable water and
• provide a healthy and productive indoor
  environment that prioritizes natural light and
  fresh air.

8
Real Examples