Bank Of America
Bank of America Corporation, commonly referred to as Bank of America, is a leading financial institution headquartered in the United States. Established in 1904, the bank has evolved into a global powerhouse, primarily serving clients across North America, Europe, and Asia. Operating within the banking and financial services industry, Bank of America offers a diverse range of products, including personal banking, investment services, and wealth management. Renowned for its innovative digital banking solutions, Bank of America stands out with its user-friendly mobile app and extensive ATM network. The bank has consistently maintained a strong market position, being one of the largest banks in the US by assets. With a commitment to sustainability and community development, Bank of America has achieved numerous accolades, solidifying its reputation as a trusted financial partner.
DitchCarbon Score
How does Bank Of America's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Bank Of America's score of 38 is higher than 94% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Bank Of America's reported carbon emissions
In 2023, Bank of America reported significant carbon emissions, with Scope 1 emissions totalling approximately 63,978,000 kg CO2e and Scope 2 emissions at about 5,042,000 kg CO2e in the US. The combined total for Scope 1 and 2 emissions reached around 68,821,000 kg CO2e. Globally, the bank's Scope 1 emissions were about 68,050,000 kg CO2e, while Scope 2 emissions totalled approximately 61,001,300 kg CO2e. In 2022, the bank's emissions were similarly substantial, with Scope 1 emissions of about 66,775,000 kg CO2e and Scope 2 emissions of approximately 63,451,000 kg CO2e globally. Notably, the bank has not disclosed specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges, indicating a lack of formalised commitments to reduce emissions at this time. Bank of America continues to operate within a complex industry context, where financial institutions are increasingly scrutinised for their environmental impact and commitments to sustainability. The absence of specific reduction targets highlights an area for potential improvement in their climate strategy.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
Add to project| 2010 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 106,870,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 1,644,068,000 | 0,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 1,450,834,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Bank Of America is not committed to any reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
