Hachijuni Bank Significantly Cuts CO2 Emissions in FY 2008

Hachijuni Bank, a major Japanese regional bank, ,disclosed the results of its FY 2008 environmental accounting on July 16, 2009. The reduction in carbon dioxide (CO2) emissions from its banking operations was 83,312 tons. This was the largest reduction since the bank began disclosing results. The economic effect of its green financing and energy saving activities was 1,055 million yen (about U.S. $11 million), 3.7 times higher than the previous year.

Through the core business operations such as green financing, the bank enabled 81,765 tons of CO2 emissions reductions among its customers in FY2008, three times more than the 2007 level. The bank's employees conserved energy at home to reduce home emissions by 1,460 tons, and reduced emissions by 87 tons in the bank's offices through their energy conservation efforts including the "Cool-Biz" campaign.

As the first Japanese bank that adopted environmental accounting, Hachijuni Bank has been applying the practice since FY2004 in cost-benefit evaluations so as to effectively continue its green initiatives.

Hachijuni Bank official website
http://www.82bank.co.jp/english/index.html

Posted: 2009/10/05 06:00:15 AM

TAG Global warming , Non-manufacturing industry , System/Law