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As part of our approach, we will seek to acquire our electricity, which accounts for the majority of our carbon footprint, from renewable energy sources.
While this approach involves substantial up-front investment, it is ultimately the more environmentally sustainable approach. By investing in renewable energy rather than merely purchasing carbon credits, the bank can reduce its carbon emissions while at the same time support the financing needs of a variety of renewable energy projects.
However this initiative is only part of the work we need to do to reduce our environmental footprint. We will continue to audit and improve our energy efficiency, water consumption and waste management.
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