Sustainability Initiatives

A cleaner future for our community

Here at Needham Bank, we know how important it is to support our communities and protect your future. To us, that doesn’t just mean being there for you financially; it means working towards a cleaner future with initiatives that reduce our carbon footprint and improve the services we provide to you.

Sustainability Initiatives

LED Lamp Replacement and Energy Savings

Through our efforts to make Needham Bank as energy efficient as possible, we partnered with ThinkLite USA, a global lighting efficiency company. The LED technology changes implemented in our buildings is the equivalent to planting 2,680 trees and taking 21 cars off the road per year. We are proud that ThinkLite USA was able to help us reduce our energy consumption and contribute to a sustainable future. Pictured above is Danny Wadhwani and Dinesh Wadhwani of ThinkLite with Joe Campanelli and Jim White of Needham Bank. 

Document Imaging and Electronic Data

Needham Bank works to reduce the amount of paper we use by implementing technological solutions that also help keep your information secure and convenient for you to access. Doing so helps reduce the impact of deforestation on our environment.

Paper Shredding and Recycling

We partner with Iron Mountain to utilize their secure shredding services, which help us protect your personal information and recycles all shredded documents. According to calculations based on Environmental Paper Network standards, in 2022, Needham Bank’s paper recycling efforts resulted in environmental savings equal to:

  • 25 Gas-Powered Cars Off the Road Per Year
  • 558 Trees Preserved
  • 146 Trash Bags Avoided
  • 44,156 Gallons of Water Preserved
  • 68,790 Kilowatts of Energy Preserved

Sustainable Clients

To do our part to build a more sustainable and cleaner future, we pride ourselves in partnering with and assisting organizations with similar missions.  Here are just a few of our client relationships that are benefiting the environment: 

  • SWEB Development USA: A renewable energy company that develops, constructs and operates renewable energy projects throughout North America and Europe.

Needham Bank financed two of SWEB's solar farms in Brimfield and Brookfield, MA and financed five wind turbines in Clifton, ME that produce 20 megawatts of clean energy. 

  • Sea Oak Capital: A leading impact investment, private equity fund focused on widening access to renewable energy.

Needham Bank financed the construction and operation of eight new commercial solar projects, improving local towns' environmental footprint and expanding the renewable energy economy.

  • ThinkLite USA: A multinational technology company that specializes in design, development and distribution of technology-based life science solutions. 

During COVID-19, Needham Bank provided financing to accelerate product development and trials for ThinkLite Air - a system that continuously monitors indoor air quality and accordingly heals and purified the air of contaminants as needed.