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At Merrill Lynch, we recognize the importance of protecting the global
ecosystem, reducing the use of natural resources and encouraging investment in ways that support responsible
and sustainable development. As a company with a longstanding commitment to the fundamental principles of
corporate social responsibility, it would be untenable for us not to take a strong stand by upholding a policy of
environmental excellence.
As a truly global investment bank, we believe that we can make a significant impact in this area: as a provider of capital; as an investor looking into new opportunities such as green tech and alternative energy; as a wealth manager whose clients want to use their capital not just to build wealth but also to benefit society; as a trader, market maker and advocate; and as an employer of smart, concerned people who care deeply about the environment. We recognize our responsibility to make, wherever possible and practical, a positive contribution to global ecological health while, at the same time, minimizing our business activities' adverse impact on the environment.
This year, we launched our new environmental framework, governance structure and sustainability website. And because environmental responsibility begins at home, we are implementing cost-efficient initiatives aimed at further reducing our operational impact. We have committed to reducing energy consumption and emissions firm-wide, on a per occupant basis, by an average of 2% annually.
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