Bank Of America

Bank of America, a US-headquartered financial intermediation services company, reported total emissions of approximately 3.48 billion kg CO2e in 2024. This includes about 65.76 million kg CO2e from Scope 1 emissions, about 16.59 million kg CO2e from Scope 2 market-based emissions, and approximately 3.39 billion kg CO2e from Scope 3 emissions. Key Scope 3 categories include purchased goods and services (about 1.63 billion kg CO2e), downstream transportation and distribution (1 billion kg CO2e), and employee commute (about 314.71 million kg CO2e).

In 2023, the company's total emissions were approximately 3.72 billion kg CO2e, with Scope 1 emissions at about 68.05 million kg CO2e, Scope 2 market-based emissions at about 17.74 million kg CO2e, and Scope 3 emissions totalling approximately 3.63 billion kg CO2e.

Bank of America has made significant climate commitments, aiming for net-zero greenhouse gas (GHG) emissions across its financing activities, operations, and supply chain before 2050. The company is also committed to reducing its location-based Scope 1 and 2 GHG emissions by 75% by 2030, using a 2010 baseline. This builds on a previously achieved 61% reduction in location-based Scope 1 and 2 emissions globally between 2010 and 2022. Furthermore, Bank of America aims to reduce its Scope 1 and Scope 2 emissions to near zero by the middle of this decade.