Bank of America Commits to Sustainability

Bank of America has introduced a $20 billion, 10-year initiative that will encourage the development of environmentally sustainable business practices. The bank will push the green agenda through lending, investing, philanthropy, and the creation of new products and services. The company reports that it will provide $18 billion in lending and advice to help commercial clients finance the use and production of sustainable products and services. Furthermore, Bank of America will commit $1.4 billion to achieve LEED certification in all its new offices and banking centers. An additional $50 million will be donated to nonprofit organizations that focus on forest preservation, energy conservation, affordable green housing, and other environmentally conscious activities. Finally, the bank will invest $100 million in internal energy efficiency initiatives. See also ::Bank of America Offering Hybrid Reimbursement and ::Greener Offices in New York

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