Environment as a Corporate Responsibility Evan C. Henry Senior Vice President Environmental Services Department Bank of America

Why Corporate Responsibility? Reputation risk Business risk Franchise protection Cost savings Business opportunities Doing the right thing

Bank of America’s 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

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

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

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

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.

Real Examples