Policies and Practices Overview
Our ability to deliver on our commitment is in part dependent upon developing and adhering to concrete policies and practices that ensure objectives are achieved and progress measured.
We recognize our responsibility to develop methods that work to reduce the environmental impacts associated with all our customers, including those who operate in business sectors that are inherently impactful to the environment. We are acutely mindful that industry sectors such as mining, utilities and oil and gas have significant environmental impacts that must be reduced. But we also know that U.S. and global economies will continue to be dependent upon these sectors for the foreseeable future. That's why we're working in partnership with our customers during this time of transition. For example, through investment and financial engineering, we're helping to stimulate the development and use of cleaner, renewable energy sources among utility companies.
We're also changing our risk and underwriting processes to factor in the projected costs of carbon emissions when we evaluate the business models of companies, such as those that burn coal to generate electricity. As a banking company, we can provide those industries with a wide range of financial products and services that help them develop plans that reduce their emissions and that help them achieve their own sustainability goals. Most important, our policies and practices are designed to achieve these objectives in a measurable way.
