Public Profile

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.

53

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.

26

Industry Benchmark

Bank Of America's score of 53 is higher than 97% of the industry. This can give you a sense of how well the company is doing compared to its peers.

97%

Let us know if this data was useful to you

Bank Of America's reported carbon emissions

In 2023, Bank of America reported significant carbon emissions, with Scope 1 emissions totalling approximately 68,050,000 kg CO2e and Scope 2 emissions amounting to about 61,000,000 kg CO2e (location-based). The bank has set ambitious climate commitments, aiming to achieve net zero greenhouse gas emissions across its financing activities, operations, and supply chain by 2050. This commitment aligns with their goal to reduce location-based emissions by 75% by 2030, based on a 2010 baseline. In 2022, the bank's emissions included approximately 67,775,000 kg CO2e for Scope 1 and about 634,510,000 kg CO2e for Scope 2 (location-based). The bank has previously committed to a 50% reduction in location-based emissions for both Scope 1 and Scope 2 by 2020, demonstrating a proactive approach to climate action. Bank of America's climate strategy is underpinned by its support for the Paris Climate Agreement, reflecting a commitment to sustainable practices and environmental responsibility. The bank's ongoing efforts to monitor and reduce its carbon footprint are crucial in addressing the challenges posed by climate change.

Unlock detailed emissions data

Access structured emissions data, company-specific emission factors, and source documents

20102020202120222023
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

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Bank Of America's primary industry is Financial intermediation services, except insurance and pension funding services (65), which is very low in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for Bank Of America is in US, which has a low grid carbon intensity relative to other regions.

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 participating in any of the initiatives that 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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

Similar Organizations

Banorte

MX
Financial intermediation services, except insurance and pension funding services (65)
Updated 3 days ago

Danske Bank A Slash S

DK
Financial intermediation services, except insurance and pension funding services (65)
Updated 3 days ago

Bnp Paribas

FR
Financial intermediation services, except insurance and pension funding services (65)
Updated 3 days ago

Raito Kogyo Co

JP
Construction work (45)
Updated 3 days ago

Morgan Stanley

US
Financial intermediation services, except insurance and pension funding services (65)
Updated 3 days ago

Wells Fargo

US
Financial intermediation services, except insurance and pension funding services (65)
Updated 3 days ago

Where does DitchCarbon data come from?

Discover our data-driven methodology for measuring corporate climate action and benchmarking against industry peers