Bank of America Unveils Environmental Initiatives

The Bank of America (BOA) has announced significant additions to its environmental initiatives, unveiling $20 billion in loan programs, market encouragement, and consumer products. For its commercial customers, BOA will launch a carbon emissions trading system and offer favorable consideration to loans for companies focusing on environmentally responsible products and services. For consumers, the company will launch an “eco-friendly” credit card, donating to an organization involved in greenhouse gas reduction projects for every dollar spent on the card. BOA also has plans to offer mortgages with reduced interest rates or cash rebates for homeowners who purchase homes that meets Energy Star standards. Finally, BOA will focus on its own buildings, committing $1.4 billion to achieving LEED certification for all of its new buildings; the company hopes its new headquarters in New York City will achieve LEED Platinum. For more on these and other environmental initiatives, visit www.bankofamerica.com/environment/.