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U.S. Bank Selects Hara to Provide Energy and Emissions Management As It Looks to Reduce Its Environmental Impact

MINNEAPOLIS, MN., (Feb. 17, 2011) – U.S. Bank, the fifth largest commercial bank in the United States, has selected Hara Environmental and Energy Management (EEM) as it continues to reduce its energy and carbon emissions. Hara’s comprehensive energy and resource management software will take U.S. Bank’s sustainability efforts to the next level as it identifies further energy reduction opportunities in U.S. Bank properties, tracks and measures environmental initiatives and leverages best practices.

Hara EEM will create a central repository that accesses U.S. Bank’s energy and environmental data on more than 2,200 of its owned and operated sites across 25 states. This will empower the bank with decision-support capabilities to determine the most effective strategies to further reduce its energy consumption and greenhouse gas emissions. The solution will serve as a resource for both internal and external standardized reporting.

Greg Thorne, environmental manager for U.S. Bank’s corporate real estate group said, “U.S. Bank is committed to understanding the impact of effective resource use in our operations from both a financial and environmental perspective. While we have had a formal energy committee in place for a few years, Hara EEM will provide a powerful tool to support our strategic energy consumption reduction goals and our environmental stewardship efforts.”

U.S. Bank formally introduced its Environmental Sustainability Policy in 2007. Since then, the bank has used LEED specifications for its new branch construction and has received LEED certification for nine branches. U.S. Bank has also instituted a wide array of energy efficiency upgrades at its facilities, such as lighting retrofits, installation of multi-function print devices, server virtualization and consolidation, and implementation of automated PC monitor power management practices.

In December, U.S. Bank was designated an ENERGY STAR® Partner by the U.S. Environmental Protection Agency for its voluntary commitment to energy efficiency. As a founding member of PayItGreen, U.S. Bank is also committed to educating and providing employees and customers with solutions to help them minimize paper use through electronic banking options. Additional information on U.S. Bank’s approach to environmental stewardship can be found at usbank.com/environment.

Amit Chatterjee, Hara CEO and founder, said, “We are excited to see one of the nation’s largest financial institutions pave the way for both sustainability and energy management throughout their organization. U.S. Bank is an exemplary case of a business taking proactive steps to institute a comprehensive environmental and energy management strategy by identifying strategic opportunities from reporting to reduction and we are pleased to support them in this process with an end-to-end solution.”

Hara has emerged as a leader through consistent product delivery, customer deployments and domain expertise. Deployed in over 97 countries, Hara EEM is a cloud-based solution that enables organizations to strategically manage and optimize their energy and natural resource usage and identify and execute efficiency strategies across the enterprise and value chain. Hara works with leading companies and government organizations to establish each client’s environmental and energy record, identify and prioritize reduction projects, and implement best practices.

About U.S. Bank

U.S. Bancorp, with $308 billion in assets as of Dec. 31, 2010, is the parent company of U.S. Bank, the fifth largest commercial bank in the United States. The company operates 3,069 banking offices in 25 states and 5,310 ATMs and provides a comprehensive line of banking, brokerage, insurance, investment, mortgage, trust and payment services products to consumers, businesses and institutions. Visit U.S. Bancorp on the web at http://www.usbank.com/.

About Hara

Hara helps organizations grow and profit while optimizing natural resource consumption and minimizing environmental impact. The Hara™ Environmental and Energy Management solution enables organizations to manage and optimize their organizational metabolism – the collective resources consumed and resulting outputs across an organization and its value chain – including energy, water, waste and carbon. Hara empowers an end-to-end environmental and energy business process from reporting to reduction to help organizations improve operational efficiency, maximize value and manage risk. Hara customers include leading organizations such as ADWEA, Aerojet, Akamai, City of Las Vegas, City of Palo Alto, City of Philadelphia, Coca-Cola, Diebold, Hasbro, Intuit, EMD Millipore, News Corporation and Safeway. The company is funded by Kleiner Perkins Caufield & Byers, JAFCO and Nth Power. For more information, please visit http://www.hara.com/.

SOURCE: U.S. Bank

U.S. Bank Contact:
Lisa H. Clark,
608 877- 7517
lisa.clark2@usbank.com

Hara Contact:
Erica Billups
415-392-8282
hara@theoutcastagency.com

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding U.S. Bancorp's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year.



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