Maybe BoA is trying to catch some green karma amidst all the fledgling banks. You know, they invest in cutting greenhouse gases, maybe they’ll keep the green they already have?
No. That’s stretching it. They probably just want to be able to survive in the future.
Here’s the story, from Marketwatch:
- CHARLOTTE, N.C., July 30, 2008 /PRNewswire via COMTEX/ — Bank of America today announced a strategic investment in Philadelphia-based technology and services company Field Diagnostic Services, Inc. (FDSI), and plans to deploy the firm’s energy management system in thousands of banking centers nationwide to reduce greenhouse gas emissions and cut energy costs.
- The investment is part of Bank of America’s $20 billion, ten-year environmental commitment to promote sustainability in its operations and through its lending, investing and new products and services, said Richard Cohen, who leads environmental investments for Bank of America’s Strategic Investments Group.
- “Bank of America is actively making strategic investments that reduce greenhouse gas emissions while helping spark the new environmentally sustainable economy, and our partnership with FDSI is an excellent example of this strategy,” Cohen said. “Our collaboration with the Bank’s Corporate Workplace group to make the investment in FDSI takes this new energy-saving technology out of the laboratory and to a level that can truly impact the environment as well as our bottom line.”
Read the full story here.
Here are some other sustainable businesses from Wallstrip:
ORMAT TECHNOLOGIES, INC. (ORA)
LINDSAY CORPORATION (LNN)
