Bank of America Receives 2005 Climate Champion Award

Bank of America Corporation today announced that it received the 2005 Climate Champion award for advancing corporate solutions to global warming.

CHARLOTTE, North Carolina — Bank of America Corporation today announced that it received the 2005 Climate Champion award for advancing corporate solutions to global warming. The award, from Clean Air-Cool Planet, was presented at the Global Warming Solutions 2005 conference held in New York City.

"Bank of America's commitment to protecting the environment has long been recognized as one of the strongest in the financial services industry," said Mark Nicholls, Bank of America corporate workplace executive and the bank's environmental council representative, accepting the award on behalf of the company. "Receiving the Climate Champion Award is a great honor and exemplifies our work to help keep the communities we serve strong and healthy, both economically and environmentally."

"Bank of America is performing in ways that we would like to see throughout the American private sector," said Adam Markham, CA-CP Executive Director. "The company is the only financial institution to commit to a 2008 goal of reducing greenhouse gas emissions by 3.5 million tons."

He said the award also lauds "the innovative and literally ground-breaking commitment" Bank of America has made in striving for Platinum Leadership in Energy & Design (LEED) certification from the U.S. Green Building Council for the 52-story Bank of America Tower now under construction in New York City.

Other Bank of America efforts that contributed to the award were:
- Setting goals to reduce heat-trapping gases from its operations by nine percent by 2009.
- Maximizing on investment through energy and resource efficiency at facilities in 29 states domestically and throughout its offices internationally, including the use of technology savvy products such as WebGen to manage and reduce energy consumption.
- Setting aggressive reductions targets through its chain of investment activities, such as its decision to reduce emissions in their public energy and utility portfolio by 7% by 2008.
- Building partnerships to seek environmental solutions with customers, government and vendors.

Clean Air-Cool Planet also presented five other Climate Champion awards at its Global Warming Solutions 2005 conference. Other awardees include Governors John Baldacci of Maine and George Pataki of New York; The Timberland Company; Middlebury College; and the City of Stamford, Connecticut. Clean Air-Cool Planet, based in Portsmouth, New Hampshire, is an organization dedicated to finding and promoting innovative solutions to global warming.

Bank of America is one of the world's largest financial institutions, with more than $65 billion in sales in 2004 and more than 175,000 employees. The company runs more than 5,800 retail banking offices and 16,700 ATMs. Bank of America Corporation stock is listed on the New York Stock Exchange under the ticker symbol BAC.

Source: PRnewswire, BAnk of America, Hoover's