In November of last year, the Securities and Exchange Commission proposed a rule to decrease the prospectuses of mutual fund firms to summaries of around three pages that could be accessed online, Mortgage Banking reports. According to a report produced by research firm Aite Group, if this rule takes effect, the financial services industry stands to save more than $65 million per year in printing and postage in addition to rescuing 42,000 trees annually.

"Regardless of where one falls in the climate-change debate, capital markets sit in the enviable position of establishing a win-win relationship with environmentally friendly positions," said James Kang, a research associate with Aite Group and co-author of the report. "Other than the insurance, healthcare and mortgage industries, few industries could benefit more than financial services from having less paper."

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