In this paper, we first develop the projective truncation approximation (PTA) in the Green's function equation of motion (EOM) formalism for classical statistical models. To implement PTA for a given Hamiltonian, we choose a set of basis variables and projectively truncate the hierarchical EOM. We apply PTA to the one-dimensional φ 4 lattice model. Phonon dispersion and static correlation functions are studied in detail. Using one-and two-dimensional bases, we obtain results identical to and beyond the quadratic variational approximation, respectively. In particular, we analyze the power-law temperature dependence of the static averages in the low and high temperature limits and give exact exponents.