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 prominent player in the financial intermediation services sector, excluding insurance and pension funding services. With a strong presence across major operational regions, including the Americas, Europe, and Asia, Bank of America offers a diverse range of services.
The bank's core offerings encompass consumer banking, wealth management, and investment banking, distinguished by their commitment to innovation and customer service. Notable achievements include its position as one of the largest banks in the United States by assets, reflecting its robust market presence and reputation. Bank of America continues to set industry standards, leveraging technology to enhance customer experiences and streamline financial solutions.
+34 vs industry average
Bank Of America’s score of 71 is higher than 82% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Financial Intermediation is among the least carbon-intensive industries
Industry performance
The Financial Intermediation industry has reduced its overall emissions by 33% since 2018
Emissions trajectory 2020 – 2027
Reported emissions
Scope 3 accounts for ••• of total emissions.
Bank Of America's reported carbon emissions
In 2024, Bank of America reported total global emissions of approximately 1.59 billion kg CO2e. This comprised Scope 1 emissions of approximately 65.8 million kg CO2e, Scope 2 (market-based) emissions of approximately 16.6 million kg CO2e, and Scope 3 emissions totalling approximately 1.51 billion kg CO2e.
Bank of America has set a commitment to achieve net zero greenhouse gas (GHG) emissions in its financing activities, operations, and supply chain before 2050. The company is also working towards reducing its location-based Scope 1 and 2 emissions by 75% by 2030, using a 2010 baseline. Since 2010, Bank of America has already reduced its location-based emissions by approximately 61%. Furthermore, they aim to reduce their Scope 1 and 2 emissions to near zero by the middle of this decade, as part of their commitment to a net-zero future.
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Bank Of America’s Climate Goals (2030 & 2050)
10 goals2050
In 2021, Bank of America committed to achieving Net Zero bef…
In 2021, Bank of America committed to achieving Net Zero before 2050 in our financing activities, operations and supply chain (Net Zero goal…
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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Scope 3 top emissions categories
10 of 15 categories disclosedSee all scope 3 categories
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Emissions comparison with industry peers
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Bank Of America
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