Banc of America Leasing & Capital, LLC Sustainability Profile
Banc of America Leasing & Capital, LLC, a prominent player in the financial services industry, is headquartered in the United States. Established in 1990, the company has carved a niche in equipment financing and leasing, serving a diverse clientele across various sectors. With a strong presence in major operational regions, including the East Coast and the Midwest, Banc of America Leasing offers tailored solutions that meet the unique needs of businesses. The firm’s core products encompass equipment leasing, asset-based lending, and structured finance, distinguished by their flexibility and customer-centric approach. Recognised for its innovative financing solutions, Banc of America Leasing has achieved significant milestones, solidifying its market position as a trusted partner for companies seeking to optimise their capital resources.
DitchCarbon Score
How does Banc of America Leasing & Capital, LLC'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
Banc of America Leasing & Capital, LLC's score of 40 is higher than 61% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Banc of America Leasing & Capital, LLC, headquartered in the US, currently does not report specific carbon emissions data, as indicated by the absence of emissions figures. The organisation is a current subsidiary of Bank of America Corporation, which may influence its climate commitments and emissions reporting. As of now, there are no documented reduction targets or climate pledges from Banc of America Leasing & Capital, LLC. The lack of specific initiatives or targets suggests that the company may rely on broader corporate strategies established by its parent company, Bank of America Corporation, which operates at a higher cascade level. In the context of climate commitments, it is essential to note that many organisations are increasingly adopting science-based targets and participating in initiatives such as the Carbon Disclosure Project (CDP) and the Science Based Targets initiative (SBTi). However, no specific commitments or initiatives have been reported for Banc of America Leasing & Capital, LLC at this time. Overall, while the company does not currently provide emissions data or reduction targets, its affiliation with Bank of America Corporation may imply alignment with the parent company's sustainability goals and climate strategies.
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| 2010 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Scope 1 | 106,870,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 1,644,068,000 | 00,000,000 | 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 | 0,000,000,000 |
How Carbon Intensive is Banc of America Leasing & Capital, LLC's Industry?
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Banc of America Leasing & Capital, LLC's Scope 3 Categories Breakdown
Banc of America Leasing & Capital, LLC's Scope 3 emissions, which increased by 7% last year and increased by approximately 146% since 2010, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 48% of Scope 3 emissions.
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Banc of America Leasing & Capital, LLC's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Banc of America Leasing & Capital, LLC has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
