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Our Brighter Future
We’re proud of the work we do to support the environment, from our renewable energy financing to the steps we take to make our own workspaces eco-friendly.
Where Innovation Grows
The rapidly changing fields of environmental technology and renewable energy match City National’s vision for the future. These industries also mirror our ambitions to think creatively, act nimbly and innovate on behalf of our clients.
This is more than a business category to us. We find clients and partners who share the same optimistic goals for the future of our planet. Then, we collaborate to find intelligent solutions to make these goals achievable.
We’re continuously learning and actively adapting.
- Solar, Empowered
- The Future of Work
Solar, Empowered
We’re especially proud of the progress our Renewable Energy Financing team has made
toward supporting Community Solar programs.
Community Solar allows individual, groups and communities to band together for solar installation, giving more people and businesses direct access to a renewable energy source. Splitting the power produced by shared solar projects means subscribers don’t have to install solar panels on their own homes or commercial buildings.
This mutually advantageous renewable arrangement is a great example of the innovation we seek in our renewable energy financing partners. The future of solar is getting brighter. We’re proud to support increasing access to affordable energy.
Scaling Up to a Greener Grid
When it comes to renewable energy, the ability to scale up is the key to making a real impact. Our Renewable Energy Financing team’s work with utility-scale solar projects is a simple approach that can make a difference.
Here’s how it works. Solar arrays are connected to existing power grids, which are already equipped to deliver electricity over large areas. Because these projects rely on existing infrastructure and can take advantage of their vast reach, residential and commercial customers can purchase renewable power directly from their existing utility. While the traditional electricity generated by the utility companies is still used as a backup, captured solar power is used first.
City National has financed these types of widely distributed projects across 34 states, with hopes to keep expanding to help more communities.
The Future of Work
The evolution of hybrid work ushered in new technology concerns for businesses, including City National Bank.
A Smarter Way to Recycle and Build
The increased demand for videoconferencing coincided with an increased need for more robust and secure remote technologies, including secure equipment like company-issued laptops.
But when new technology arrives, it usually means ushering out the old. So, what happens to existing equipment, including computers? The most common current process for hardware recycling entails sending equipment to specialized e-waste companies, which then process the material in recycling plants, where they’re converted back into reusable raw materials.
While recycling equipment is an important option for the environment, City National’s Technology & Innovation team also donates used equipment to people who can’t easily obtain new technology. This helps connect people to the technology they need, while helping the environment by preventing equipment from being discarded.
Lower Footprint, Higher Standards
Just as City National’s T&I team is continuously rethinking how to maximize the lifespan of its hardware reserves, our Corporate Real Estate team is always evolving its approach to building and infrastructure.
As the group in charge of all leasing, designing and construction of our commercial space, our CRE colleagues have a tremendous impact on the way we work and on the impact we collectively have on our communities and surrounding environments.
One of their top considerations are the environmental standards for any given space. The team looks for Class A-designated office spaces, where landlords are attentive to environmental best practices. The team also ensures the use of renewable materials and practices in the design of all our spaces, such as the use of sustainably manufactured furniture and other building materials, using more environmentally safe adhesives and maximizing natural light.
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