US Bank 2007 Annual Report Download - page 17
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U.S. BANCORP 15
Using Resources Responsibly
U.S. Bancorp focuses on
environmental sustainability
As part of its environmental
commitment, in the summer of 2007,
U.S. Bancorp created a new position,
the Environmental Policy Director.
The director’s role is to coordinate
efforts across all business lines and
across our national footprint to ensure
that U.S. Bank is an environmentally
responsible corporate citizen and
leader. This is a meaningful undertaking
and will not occur overnight.
The Director formed the Environmental
Task Force with the goal of developing
a company-wide environmental policy
by year end 2007. The policy was final-
ized in January. The task force includes
members from business lines through-
out the company and recommends
environmental initiatives to address the
company’s business practices, products
and services, internal operations and
employee involvement.
U.S. Bancorp recognizes the importance
of environmental sustainability. Our
customers, communities, shareholders,
investors, and employees expect
U.S. Bancorp to act in an environmen-
tally responsible manner, and it is
our responsibility as good corporate
citizens to respect those expectations.
Although we have made progress in
recent years, it is our intent to address
environmental sustainability issues in a
more systematic manner moving forward.
We will be leveraging our internal
expertise, as well as the power of our
employees, to positively impact the
environment through new opportunities
and our programs outlined below.
U.S. Bancorp has several energy
reduction initiatives currently underway
including the use of Energy Star rated
appliances and equipment, lighting
retro fit upgrades and adding program-
mable thermostats for increased HVAC
control. In addition to the focus on
areas of direct control, we are providing
energy saving tips to our employees so
they can assist in our efforts.
U.S. Bancorp will strive to invest in
new financial products and services
that will help sustain our resources and
the environment and promote energy
conservation, the reduction of waste
and other environmental initiatives.
We will pursue opportunities to develop
products and services that will have
a positive impact on the environment
while assisting our clients in meeting
their personal waste reduction, recycling,
and energy conservation goals.
U.S. Bancorp’s focus on key issues
The task force addresses the following
major issues: climate change, forest
protection, internal operations, employee
involvement, environmental investments,
products and services.
Environmental sustainability has become
an important issue for individuals,
communities, governments and businesses
around the world — including U.S. Bank.
Our environmental initiatives have the
full support and backing of our Managing
Committee and Board of Directors.
U.S. BANCORP 15