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Wainwright Bank is particularly concerned where environmental
issues intersect with social justice – for instance,
access to open space for inner-city residents and the incidence
of toxic pollutants in low-income neighborhoods.
Wainwright Bank's Environmental
Policy is a guide to initiatives such as installing energy
efficient lighting in our corporate headquarters, using recycled
paper (and when feasible, soy-based inks), providing a public
transportation subsidy for employees to reduce the use of
automobiles, and creating products such as The
Green Loan.
In addition, Wainwright seeks opportunities to provide financing
for projects including the preservation of wilderness areas
and research into the health consequences of environmental
toxins. |
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Earthwatch Institute
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Wainwright has provided a working capital line of credit to Earthwatch, an international nonprofit organization founded in Boston with offices around the world. Their mission is to promote sustainable conservation of natural resources and cultural heritage by creating partnerships between scientists, doctors, educators and the general public. |
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| Union of Concerned Scientists |
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The Bank provided financing for the Cambridge, MA Headquarters for this group of scientists who address environmental concerns such as global warming and nuclear proliferation. |
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| U.S. EPA Green Lights Program |
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In 1998, Wainwright Bank became a Green Lights Partner with the installation of energy-efficient lighting at its corporate headquarters building on Franklin Street in Boston. The national program, sponsored locally by Boston Edison Company's Energy Efficiency Partnership Program and Honeywell DMC Services Inc., could reduce air pollution by 5% and save the economy $19 billion in electricity annually. |
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| Environmental Diversity Forum |
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The Forum is a coalition
of individuals, community groups, environmental organizations,
government agencies, businesses and grant makers working
together to diversify the environmental movement. The Forum's
mission is to protect the environment by advocating for
racial, cultural and economic diversity at all organizational
levels and in all policies and programs of the environmental
movement. |
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| Trust for Public Land |
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Wainwright Bank has provided
financing assistance for the purchase and preservation
of New Hampshire's Connecticut Lakes property, the largest
unbroken tract of privately held forestland in the state.
Wainwright also provided financing assistance for the
preservation of the shores of Lake Tarelton in Piermont,
NH. The Trust is an organization that works nationwide
to protect land as parks, gardens, recreational and wilderness
areas. Their goal is to ensure livable communities in
a healthy environment for generations to come. |
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| Silent Spring Institute |
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In addition to providing real estate development financing, Wainwright provides many lines of credit and other types of short-term financing to nonprofit organizations. An example of this is our line of credit to the Silent Spring Institute, which will be used to assist in their breast cancer research. Silent Spring is a nonprofit research institute dedicated to identifying the links between environmental exposure and women’s health. |
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| Coalition for Environmentally Responsible Economies (CERES) |
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A unique forum for candid dialog between institutional investors, environmental groups and corporate managers, the CERES Principles have been endorsed by industry leaders such as GM, Bank of America, and Sun Oil with a commitment to an environmental ethic that goes beyond simple compliance with the law. Wainwright Bank endorsed the CERES Principles in September, 1997.
The Wainwright Bank Sustainabiity Report 2008 |
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