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We believe that we can make a positive contribution to the environment by investing in sustainable products, services, and partnerships.
At U.S. Bank, we’re committed to investing in businesses that support renewable energy efforts and sustainable business practices while promoting job growth. U.S. Bank commits more than $1 billion annually in renewable energy investments, and to date the USBCDC has committed more than $12 billion in solar, energy storage, wind, biomass, and fuel cell technologies.
To date, we have 26 LEED certified branches and are continuing to follow sustainable principles in the design of our new facilities with plans to maintain this focus in the future.
We are a proud partner of the sustainability nonprofit organization, Ceres. U.S. Bank joins more than 50 companies, including dozens of Fortune 500 firms, committed to achieving environmental sustainability goals and improving resiliency in their operations and supply chains. Through this network, we gain unique access to investors and other stakeholders interested in engaging on opportunities embedded in the low-carbon economy transition.
U.S. Bank continues our work with the American Indian College Fund to award scholarships to students pursing post-secondary degrees in fields of study that lead to careers in solar energy. The College Fund supports higher education attainment, career readiness services, hands-on training, and job placement for these scholars, thereby supporting environmental sustainability and energy sovereignty for tribal communities. Over the course of two years, U.S. Bank has provided $50,000 in scholarships.
Since 2010, U.S. Bank has been a partner of GRID Alternatives. GRID Alternatives is the nation's largest nonprofit solar installer, with the mission to make renewable energy technology and training accessible to underserved communities.
Through our partnership, GRID Alternatives has provided hands-on solar training for 169 Indigenous trainees who put in 9,729 training hours, provide intensive professional development opportunities for tribal members through their SolarCorps Fellowship Program and strengthen partnerships with tribal colleges and job training organizations in tribal communities. These programs have served 174 tribal families through 183 projects and more than two megawatts of solar power has been installed to benefit tribal communities, resulting in $8.4 million in long-term savings over the lifetime of the systems and 56,055 tons of carbon emissions have been prevented, which is the equivalent of planting more than 1.3 million trees.
Starting in 2019, U.S. Bank joined forces with Clean Energy Trust to develop a U.S. Bank Foundation Cleantech Inclusion Award. This award supports entrepreneurs who are female and/or people of color and who are building innovative companies that benefit the environment, create jobs, and drive economic development.
“Supporting female and minority business owners and environmental sustainability is at the heart of our commitment to being a socially responsible company,” said Reba Dominski, Chief Social Responsibility Officer for U.S. Bank. “Through this award and our work with Clean Energy Trust, we are able to help accelerate innovative technology and support startups.”