Bank of America Aims for 70-Percent Waste Diversion from Landfills

Bank of America Corp. said it is aiming for 70-percent diversion of its global waste from landfills by 2015, as part of a new  $50 million environmental business goal.

The Charlotte, N.C.-based bank said it also aims for a 20-percent reduction in paper consumption compared with 2010 and to use paper with 20-percent post-consumer recycled content, according to a news release. The paper will be sourced entirely from certified forests. In addition, Bank of America said all electronic waste will be disposed of using certified, responsible vendors.

The 10-year project, which begins in 2013, strives to address climate change, reduce demands on natural resources and promote lower-carbon economic solutions.

The bank also identified waste-to-energy as one of its renewable energy focuses, as well as recycling to address waste reduction.