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Environmental Protection & Preservation

Bank of America Announces Environmental Home Equity Program

As part of its $20 billion,10- year environmental initiative announced last month, Bank of America is launching the first of its environmentally sustainable products, an innovative donation program for new home equity customers.

Between now and December 31, customers who open a new Home Equity Line of Credit, register for the program, and use their equity line Visa(R) access card for combined purchases of $2,500 or more, will be eligible to direct a one-time $100 donation to Conservation International, a U.S.-based international environmental organization. Each $100 donation will offset the impact from energy use in the average household for one year, as well as support efforts to restore and protect tropical forests.

"We are dedicated to making positive changes to protect the environments where our customers and associates live and work," said Home Equity Executive David Rupp. "This unique home equity program allows Bank of America, under the proactive direction of our customers, to make an important contribution to a leading environmental organization."

New Home Equity customers can go to to register for the program, or go to to learn more about Bank of America's environmental commitment.

"Our research has indicated that many customers are using home equity loans and lines of credit to make home improvements that increase energy efficiency," Rupp said. "This program will enable customers to not only boost energy conservation at home but also drive environmentally sustainable efforts around the globe."

In March, Bank of America announced a $20 billion, 10-year initiative to support the growth of environmentally sustainable business activity to address global climate change. Bank of America's ten-year initiative encourages development of environmentally sustainable business practices through lending, investing, philanthropy and the creation of new products and services.

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