1. You can only print your statement if you want / need to.
2. You can print it scaled down - I print mine 2 pages per side, double sided, i.e. 4 pages fit onto one sheet of paper.
3. No envelope is used in the process.
4. The billing company can't spam you with marketing material (well fine maybe they still can, in a separate mail, but at least you aren't making it easy for them). I used to get thick thick glossy promotional flyers all the time with my statements. Nasty.
5. One less item in the postal logistics train translates to some fuel savings. Yup sounds negligible for one measly letter, but if you multiply it...
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