Union Bank Migrates to Eco-Friendly Customer Bank Statements
Union Bank, N.A. announced on Oct. 22 that its customer statement paper will now be more environmentally friendly, as part of its ongoing commitment to responsible banking and the environment. The transition from standard paper to a lighter, more ecologically sound paper called Ecopaque, is one more business practice that is helping Union Bank achieve its environmental goals and reduce costs, while still providing a quality customer experience. The project is led by Union Bank’s Sourcing and Statement Services Departments and is supported by the Environmental Stewardship Department, which is responsible for overseeing all environmental efforts, including priorities, strategies and goals for the bank.
Ecopaque is a new generation of paper from Resolute Forest Products, the world’s largest manager of Forest Stewardship Council (FSC) certified sustainable forests. The paper is manufactured from 100 percent sawmill chips and uses less virgin wood fiber than traditional paper production methods, meaning that fewer trees are cut in the process.
“Union Bank is dedicated to keeping our environment healthy and to integrating sustainability into our business practices across the entire organization,” said Kim Luu, vice president and environmental specialist at Union Bank. “Migrating to eco-friendly bank statements supports the bank’s commitment to the environment, which extends to its culture and operations. This decision will have a positive impact on our environment while still providing our customers with the information that they need.”
The quality, look and feel of the bank’s statements will remain consistent and the paper will generate nearly $40,000 in savings each year. Union Bank’s environmental goal is to protect and preserve the environment within the scope of its business reach. This decision is just one step in a series of many in the bank’s ongoing commitment to corporate social responsibility. For more information about Union Bank’s commitment to environmental sustainability, click here. To access the bank’s 2011 Corporate Social Responsibility Report, visit www.unionbank.com/community.
For Union Bank customers who would like to learn more about going paperless with online bank statements and check images, read here.
About UnionBanCal Corporation & Union Bank, N.A.
Headquartered in San Francisco, UnionBanCal Corporation is a financial holding company with assets of $87.9 billion at June 30, 2012. Its primary subsidiary, Union Bank, N.A., is a full-service commercial bank providing an array of financial services to individuals, small businesses, middle-market companies, and major corporations. The bank operated 402 branches in California, Washington, Oregon, Texas, Illinois, and New York as well as two international offices, on June 30, 2012. UnionBanCal Corporation is a wholly-owned subsidiary of The Bank of Tokyo-Mitsubishi UFJ, Ltd., which is a subsidiary of Mitsubishi UFJ Financial Group, Inc. Union Bank is a proud member of the Mitsubishi UFJ Financial Group (MUFG, NYSE:MTU),one of the world’s largest financial organizations. Visit www.unionbank.com for more information.