Bank of America Paper Procurement Policy
Bank of America believes responsible environmental stewardship is an integral component of
doing business. The health of the environment not only directly affects the quality of our lives; it's
also a part of the foundation for a sustainable economy. As a result, environmental considerations
are increasingly intertwined with economic decisions. Bank of America is committed to
integrating environmental stewardship into our business operations, placing emphasis on
minimizing waste and consumption, addressing climate change, and preserving biodiversity.
Bank of America has developed the following paper procurement policy because we recognize
that paper is a key material used in providing financial services, that the majority of the paper we
purchase is derived from forests, and that maintaining the ecological health of forests aligns with
our commitment to environmental stewardship. Forests help regulate climate, support
biodiversity, and provide other vital services that help sustain the cultures, local communities1 and
economies relying on this resource.
The bank’s paper procurement policy seeks to maintain the ecological health of forests through:
• Source Reduction and Recycling – the bank will build on its long-standing commitment to
minimize consumption of paper products containing virgin wood fiber, in order to reduce
demand on forests;
• Sustainable Forest Practices – when procuring paper products containing virgin wood
fiber, the bank will require its suppliers to ensure that the source forests from which fiber
is procured are managed using environmentally preferable practices;
• Protection of Endangered Forests – the bank will require its suppliers of paper products
to identify and appropriately manage forests threatened by human or commercial activity.
Bank of America will apply the following policies to all new agreements to purchase paper
products as of April 1, 2005 and for existing agreements at the time of renew