U.S. Bank fares well in environmental assessment

U.S. Bank ranks high in an annual assessment of how large firms implement environmentally friendly policies and programs.

U.S. Bank ranks 57th in 2011 Green Rankings compiled for Newsweek magazine. U.S. Bank was among only three banks to make the top 100 in the list, which rated sustainable management policies and programs as well as environmental reporting practices.

Bank Technology News also recognized U.S. Bank this year as one of America’s greenest banks.

“While we continue to integrate green behaviors into our daily work practices, products and services, it’s great to be recognized for our efforts,” said Lisa O’Brien, senior vice president and director of environmental affairs at U.S. Bank.

O’Brien said U.S. Bank cut electricity consumption 4 percent from 2009 to 2010, which translates into enough electricity to power 1,600 homes for a year.

In support of its designation by the Environmental Protection Agency (EPA) as an Energy Star Partner, U.S. Bank is upgrading more than 87,000 computer hardware devices to more energy efficient equipment. U.S. Bank also has built 13 branch operations over the past two years to receive Leadership in Energy and Environmental Design (LEED) certification for green building techniques.

Since 2008, U.S. Bank has loaned or invested more than $3 billion in environmentally beneficial business opportunities, including renewable energy and LEED-certified commercial real estate. U.S. Bank offers an auto loan with a half-percent reduction in the interest rate to purchase vehicles certified by the EPA as environmentally friendly.

U.S. Bancorp, the parent company of U.S. Bank, operates a total of nearly 3,100 banking locations in 25 states and has assets of $330 billion. For more information, log on to the Web site located at www.usbank.com.