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 global powerhouse, primarily serving clients across North America, Europe, and Asia. Operating within the banking and financial services industry, Bank of America offers a diverse range of products, including personal banking, investment services, and wealth management. Renowned for its innovative digital banking solutions, Bank of America stands out with its user-friendly mobile app and extensive ATM network. The bank has consistently maintained a strong market position, being one of the largest banks in the US by assets. With a commitment to sustainability and community development, Bank of America has achieved numerous accolades, solidifying its reputation as a trusted financial partner.
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 46 is higher than 97% 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
As of 2023, Bank of America reported significant carbon emissions, with Scope 1 emissions at approximately 63,978,000 kg CO2e and Scope 2 emissions at about 5,042,000 kg CO2e (market-based). The total for Scope 1 and 2 combined reached around 68,821,000 kg CO2e. The bank also disclosed Scope 3 emissions, which included various categories such as capital goods and employee commute, contributing to a comprehensive understanding of its carbon footprint. In alignment with its commitment to sustainability, Bank of America has set an ambitious target to achieve net zero greenhouse gas emissions across its financing activities, operations, and supply chain by 2050. This goal is part of the bank's broader strategy to support the Paris Climate Agreement and reflects its dedication to reducing its environmental impact. The bank's emissions data and reduction initiatives underscore its proactive approach to addressing climate change, aiming for substantial reductions in carbon emissions while promoting sustainable practices within its operations and supply chain.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
Get Started| 2010 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 106,870,000 | 00,000,000 | 00,000,000 | 0,000,000 | 0,000,000 |
| 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 | 000,000 | 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 not committed to any 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.
