Citigroup (NYSE: C) and Bank of America (NYSE: C) along with Johnson Financial Group, First National Bank of Omaha, New Resource Bank and 3rd Federal are some of the nation’s most environmentally friendly banks, according to a new ranking from Banking Technology News.
Citigroup’s global sustainable IT initiative is one of the primary reasons that the bank was included on the list. The New York-based financial firm has goals to reduce its energy consumption, paper usage and travel time and develop a more efficient supply chain.
In 2007, Citigroup said that it would allocate $50 billion over the next decade to address global climate change through financing, investments and related activities through the commercialization and growth of green energy and clean technology solutions.
Bank of America was included in the list because it promised to earmark $20 billion to address issues related to climate change, of which, the Charlotte, N.C. based bank has already spent $6 billion, with much of those funds going toward lending or investing opportunities in green enterprises. mate change, with much of that going to lending or investing opportunities.
Bank of America (NYSE: BAC) also plans to install five Bloom Energy Server fuel cells, generating 500 kilowatts, at a Southern California call center.
Bank of America also has implemented a program called NightWatchman, which puts more than 30,000 computers to sleep each monitoring. The company also plans on adding measures to cut the amount of printing it does by 30 to 40%.
