Healthy forests are crucial to fighting climate change. Read about our success in reducing our reliance on paper and supporting our Carbon Neutral status.
BNY Mellon regularly holds technology expos for employees to help them better understand and engage with the latest workplace technologies available to them. In August 2018, Justo Arbizu, a member of BNY Mellon’s Managed Output Services team, ran a booth at our New York expo to teach employees alternatives to printing. Justo knows that healthy forests are crucial to the fight against climate change. As trees grow, they absorb carbon dioxide (CO2) from the atmosphere and release oxygen in return, offsetting about 30 percent of annual global CO2 emissions in the past 30 years.1 Recent data, however, shows we are losing these vital forests at a rate of about a soccer field every 1.2 seconds, largely due to agricultural and urban development and logging for the paper, wood and food industries.2
Companies can help amplify forests’ positive role in climate change mitigation by reducing carbon emissions, using fewer products that lead to deforestation, and replanting lost trees. BNY Mellon has been carbon neutral3 since 2015 by lowering our facilities’ GHG emissions and purchasing carbon offsets and renewable energy credits. Arbizu and his team are passionate about conserving the world’s forestlands by improving digital tools for our employees. Thanks to their efforts, BNY Mellon eliminates tens of millions of sheets of paper from our traditionally paper-reliant workplace each year, and we recycle where we can to responsibly dispose of the paper we use.
“Thinking twice before we print can seem like it has such a small impact,” said Arbizu, “but that impact accumulates over time. We need to find ways to change our habits, and technology can support people to make different daily decisions that are healthier for the environment, making it more likely that we leave a livable planet for our children.”
Arbizu’s team has also established a relationship with Xerox, enabling us to support PrintReleaf reforestation projects in seven countries. In 2018, 28,000 trees were planted on behalf of BNY Mellon in projects around the world. For instance, in the Dominican Republic, PrintReleaf aims to plant 540,000 trees in watersheds and other vulnerable areas to increase reforestation by more than 25 percent. PrintReleaf partners with Plant with Purpose to teach hundreds of local farmers how to improve soil quality and protect vulnerable hillsides from erosion and mudslides; train new farmers in agroforestry systems that plant fruit and nitrogen-fixing trees alongside crops; and educate schoolchildren on how to care for their environment.
BNY Mellon is committed to climate action. In the future, Arbizu and the Managed Output Services team will focus on continuing to transition BNY Mellon to more digital outputs in our client reporting processes, further decreasing our businesses’ reliance on paper.