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.
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
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.
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 project2010 | 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
Location emissions 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.
