Constellation Energy Helps Eastern Bank “Go Green”

Eastern Bank, a full-service commercial bank headquartered in Boston known for its quality customer service and commitment to the communities it serves, is taking steps to help protect the environment by “greening” 100 percent of its electricity use with Renewable Energy Certificates (RECs) from Constellation Energy.

Eastern Bank signed an agreement for Constellation to supply more than 30 million kilowatt-hours of electricity to Eastern Bank’s 94 branches and five corporate centers for the next three years. The energy provided will be “greened” through Constellation Renewable Energy Certificates, a key factor in Eastern Bank’s decision making process.

The RECs supplied to Eastern Bank by Constellation Energy are Green-e Energy Certified and sourced from wind energy. The RECs give developers of renewable energy a market-based, financial incentive to build wind, solar and other forms of renewable energy. One REC is created for each megawatt-hour of renewable power that is delivered to the electric grid. Once a REC is sold, it is retired, ensuring that each REC is only used once.

Working with Constellation Energy allows Eastern Bank to further its commitment to sustainable, environmentally friendly business practices and encouraging bank employees, customers and the community to adopt green practices into their everyday lives.

Increasingly companies are searching for options to support sustainability goals and initiatives. We are proud we are able to offer our customers multiple green products, including renewable energy certificates, solar and load response options.