New Resource Bank Diverts 90% of Waste, Aims for 95%
New Resource Bank, which touts itself as “the premier bank for people who are leading the way to a more sustainable world,” says in its first sustainability report that it diverted 90% of waste from landfills in 2012.
Acting on its credo — “rethink, rebuild, renew” — New Resource Bank says it models sustainability with its LEED Gold–rated headquarters, ongoing initiatives to reduce resource consumption, community contributions and programs that educate and engage customers.
The company’s Green Team created an environmental policy and sustainability challenges that include reusing, recycling and composting in pursuit of a goal of diverting 95% of its waste from landfill. New Resource Bank says it is reaching this goal by using chlorine-free office paper and collateral with 100% recycled and post-consumer content (or tree-free paper), and chlorine-free janitorial papers (toilet paper, paper towels, facial tissues, napkins) with 35% to 100% recycled content.
The company purchases re-manufactured toner cartridges and recycles all resources such as paper, plastics, glass and aluminum; it also composts all food and plant discards. It reduces waste at the source by printing double-sided, buying in bulk and eliminating disposable products, such as dishes and single-serve water bottles.
New Resources Bank educates employees on resource conservation and pollution prevention through ensuring that little waste is generated during company events and meetings and offering training programs or brown-bag sessions to educate employees on proper waste diversion practices and resource conservation ideas.
New Resource Bank’s goal is a loan portfolio invested 100 percent in businesses that are advancing sustainability. At the end of 2012, 74% of its loan commitments and 69% of its loans outstanding were “mission oriented.” The company is now focused on lending to businesses with green products and services, businesses that are committed to improving their operational sustainability, and sustainability-oriented nonprofits. Steel Mill Recycling, a company that recycles metal waste for new uses, is one of its commercial lending customers.
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