Reducing Energy Consumption

NATIONAL ENERGY TEAM
ormed and led by the bank's Corporate Real Estate (CRE) group, this team (which includes CRE, facility partners and Environmental Initiatives) strives to reduce energy consumption through implementation of energy efficiency projects/guidelines and associate education. In 2002, the team made a significant commitment toward managing Bank of America's energy consumption on portfolio-wide platform and developed a strong foundation in 2002 that will generate future returns.

2002 results include:

• Established an energy baseline.
• Managed a $4.7 million energy capital pool, which resulted in a 23 million KWH reduction in energy.
• Implemented a pilot rollout with WebGen Systems, an energy monitoring and management system in 72 California location resulting in a net 13% KWH decrease (See write up on WebGen in Section 5).
• Researched/recommended the Energy Conservation technologies and "best practices", which were adopted in 2003.
• Received the "Flex your Power Award from the state of California for the Bank's innovative and effective response to the CA energy crisis.

Energy Baseline:

Bank of America’s baseline:

Bank of America's real estate portfolio included in the electric energy baseline reporting consists of 4,847 buildings consisting of 57 million square feet. The baseline did not include leased building where energy is paid through the lease. The total square footage tracked is 81% of the bank total 6,486 facilities square footage. The baseline numbers were reconciled back to the bank's general ledger for accuracy.

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