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 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

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