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Article

23 May 2011

Author:
Bart King, Reuters

Bank of America Aims for 15 Percent Cut in GHG Emissions

Bank of America aims to cut its greenhouse gas emissions 15 percent below a 2010 baseline by 2015. The goal expands on a previous target for cutting U.S. emissions 18 percent between 2004 and 2009. It also incorporates all operations-across 40 countries-and includes Merrill Lynch and Countrywide, which Bank of America acquired during recent restructuring in the financial industry. Combined, the two goals would take BOA to a GHG level 30 percent below the 2004 baseline, if the company meets the new goal. BOA said that would be equal to 700,000 metric tons of CO2-equivalent-the same as eliminating the annual GHG emissions from more than 124,000 passenger vehicles…BOA also announced plans to certify 20 percent of its workplace real estate under the U.S. Green Building Council's LEED rating system by 2015.