The bank developed the policy in partnership with a group of suppliers and environmental organizations.
The bank will continue efforts to reduce paper consumption and maximize recycling. Charlotte-based BofA (NYSE:BAC) reduced the amount of paper used in internal operations by 32% between 2000 and 2004.
In 2004, the bank recycled 28,268 tons of paper.
"We believe our paper reduction and recycling efforts are already best in class, but we are eager to raise the bar," says Greg Taylor, supply-chain management executive. "Efficient use of resources reduces environmental impacts and expenses, driving benefits for both our shareholders and the communities in which we do business."
Subscribe
Subscribe to IEMA's newsletters to receive timely articles, expert opinions, event announcements, and much more, directly in your inbox.
Posted on 17th April 2005
Latest Posts
-
Labour's plan for economic growth must mean green growth – but there is a green skills gap looming
- 5th July 2024 -
As Labour plans to “slash red tape” for economic growth, YouGov poll finds 3 in 5 people want to increase public involvement in planning system
- 28th June 2024 -
Medtronic agrees partnership with IEMA to accelerate skills and standards in sustainability
- 21st June 2024 -
Landmark climate impact ruling for fossil fuel projects, cites IEMA guidance
- 20th June 2024 -
IEMA sets out 18 policy asks for the next Government
- 3rd June 2024 -
New global alliance formed for 25,000 environment and sustainability professionals
- 29th May 2024