Cambridge Savings Bank is a full-service financial institution headquartered in Cambridge, Massachusetts with more than $2 billion in assets. As one of the oldest and largest community banks in Massachusetts, Cambridge Savings offers a full line of individual and business banking services through fifteen banking centers in Greater Boston. Cambridge Savings' energy conservation initiatives began in 2001 and the Bank was one of the first partners to be included in the ENERGY STAR Leaders Program, in 2004. Its buildings have earned numerous ENERGY STAR certifications. The EPA recognized the Bank in Celebrating a Decade of ENERGY STAR Buildings, a report published to mark the 10th anniversary of the ENERGY STAR program. Cambridge Savings Bank was noted as owning the oldest building to earn the ENERGY STAR (Harvard Square Dunster Building) and the smallest (Burlington Banking Center).
Following ENERGY STAR's five-stage upgrade approach, Cambridge Savings began working with its mechanical contractors to make sure systems such as heating, air conditioning and electric were operating as efficiently as possible. Upgrades have been made to various systems and others are planned. Additionally, Cambridge Savings involved every employee in the energy program by implementing a comprehensive training program about energy conservation. Every facility has been given energy savings goals and each received quarterly incentives when they succeeded. Employees have been instilled with an awareness of energy efficiency and how their daily actions can have an impact.
Overall energy usage has continued to remain below 2001 levels, when the Bank had five fewer branches and 14,000 square feet less floor space. Since the program began, Cambridge Savings has reduced energy use by over 5 billion British Thermal Units and the equivalent of over a million tons
of CO2 emissions.
Cambridge Savings' long-term efforts include incorporating state-of-the-art equipment in new branches. In partnership with Massachusetts Technology Collaborative, Cambridge Savings installed solar panels in its Newton and Arlington Center banking centers. New windows were recently installed in the historic Harvard Square headquarters and the landmark rooftop sign and clock was converted to use LED lighting. Other improvements have included installation of a ground-source heat pump in the Belmont Banking Center, a high-reflectivity white roof at the Watertown Banking Center and an LED lighting retrofit in the Porter Square Banking Center.