US Bank 2008 Annual Report Download - page 19

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U.S. BANCORP 17
A year after establishing our
Environmental Sustainability
Policy in January 2008, we have
made signifi cant strides towards
implementing the policy and
developing a coordinated effort
across all business lines in our
national footprint to establish
U.S. Bank as an environmentally
responsible corporate citizen.
Our Environmental Stewardship
Council is comprised of senior
leaders in key business lines and
includes three members of the
Managing Committee. Our board
of directors is also engaged in
sustainability issues. The Council
ensures broad implementation of the
policy and provides input to general
sustainability issues and long-term
environmental stewardship strategy.
Our focus lies mainly in the areas
of climate change (reducing carbon
emissions), internal policies and
practices, our products and services
and employee engagement.
U.S. Bank established a goal to
invest $1 billion in environmentally
benefi cial, profitable business
opportunities by 2015. Already, we
are well on our way toward meeting
this goal. This investment has
come in the form of our investments
in renewable energy projects,
LEED certifi ed construction, energy
effi cient upgrades in many low
income housing projects and many
other opportunities.
We have upgraded equipment and
technology throughout our facilities
and business lines to reduce our
energy consumption, resulting in
ongoing cost savings for the bank,
as well as reduced carbon emissions.
In addition to improving our own
impact on the environment, U.S. Bank
is also a founding member of the
PayItGreen Alliance, a coalition of
fi nancial services companies, launched
in 2008 and led by NACHA —
The Electronic Payments Association,
formerly the National Automated
Clearing House Association.
PayItGreen is committed to educating
customers about the benefi ts of
going electronic.
A U.S. Bank focus is on employee
engagement — from increased
communication and education about
the environment and U.S. Bank’s
approach to providing education
and resources for employees to
learn how they can make a personal
difference. Employees can locate
potential carpool partners online,
and the bank subsidizes mass
transit commuting.
With the ever increasing focus on
the environment, the changing
political landscape and increased
expectations from our partners,
customers and employees, we will
never be ‘done’ when it comes to
environmental stewardship.
Expanding our efforts and renewing our focus on
environmental sustainability.
The Greening of USB