Public Profile

Bank Of America

Bank of America Corporation, commonly referred to as Bank of America, is a leading financial institution headquartered in Charlotte, North Carolina. Established in 1904, the bank has grown to become a prominent player in the global banking industry, with significant operations across the United States and in key international markets. Specialising in a wide range of financial services, Bank of America offers products in consumer banking, wealth management, and investment banking. Its unique approach combines innovative technology with personalised customer service, setting it apart in a competitive landscape. The bank has achieved notable milestones, including being one of the largest banks in the United States by assets and consistently ranking among the top financial institutions worldwide. With a strong commitment to sustainability and community development, Bank of America continues to enhance its market position, making it a trusted choice for millions of customers seeking comprehensive financial solutions.

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.

37

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.

29

Industry Benchmark

Bank Of America's score of 37 is higher than 79% of the industry. This can give you a sense of how well the company is doing compared to its peers.

79%

Bank Of America's reported carbon emissions

In 2023, Bank of America reported total carbon emissions of approximately 68.1 million tonnes CO2e, comprising 68.1 million tonnes from Scope 1, 17.7 million tonnes from Scope 2 (market-based), and significant contributions from Scope 3 emissions, including 48.6 million tonnes from capital goods and 92.8 million tonnes from business travel. The bank has made notable strides in its climate commitments, achieving an "A 100" score in the CDP Climate Change questionnaire, reflecting its robust climate strategy. Bank of America aims to reduce its operational emissions and has set ambitious targets aligned with the Science Based Targets initiative (SBTi). The bank's commitment to sustainability is evident in its ongoing efforts to enhance energy efficiency and reduce its carbon footprint across all scopes of emissions. Overall, Bank of America's proactive approach to managing its carbon emissions underscores its dedication to addressing climate change and promoting sustainable practices within the financial sector.

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

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. Bank Of America is headquartered in US, which has a rank of medium, indicating medium grid carbon 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 committed to some 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.

SBTi
CDP
The Climate Pledge
UN Global Compact
Carbon Disclosure Project
The Climate Pledge
UN Global Compact

Other Organizations in Financial Intermediation

FlexTrade

US
Financial Intermediation
Updated 5 days ago

Dah Sing Bank

HK
Financial Intermediation
Updated 9 days ago

Manappuram Finance

Public
IN
Financial Intermediation
Updated 4 days ago

Seb

CDP
Public
SE
Financial Intermediation
Updated 16 days ago

Itaúsa

CDP
Public
BR
Financial Intermediation
Updated 16 days ago

Mollie

NL
Financial Intermediation
Updated 12 days ago

Where does DitchCarbon data come from?

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