Bank Of America

Bank of America, headquartered in the US financial intermediation services sector, reported its most recent carbon emissions for 2024. The total emissions for 2024 were approximately 3.3 billion kg CO2e. This includes about 65.8 million kg CO2e from Scope 1 emissions, approximately 16.6 million kg CO2e from Scope 2 market-based emissions, and roughly 3.2 billion kg CO2e from Scope 3 emissions.

In 2023, the company's total emissions were approximately 3.4 billion kg CO2e. This comprised about 68.1 million kg CO2e in Scope 1 emissions, approximately 17.7 million kg CO2e in Scope 2 market-based emissions, and roughly 3.3 billion kg CO2e in Scope 3 emissions.

Bank of America has set several climate commitments. The company aims to achieve net-zero greenhouse gas emissions in its financing activities, operations, and supply chain before 2050, building on its support for the Paris Climate Agreement. For its own operations, Bank of America has committed to reducing its Scope 1 and Scope 2 location-based emissions by 75% by 2030, using a 2010 baseline. They also aim to reduce Scope 1 and Scope 2 emissions to near zero by the middle of this decade (by 2025). The company has reported a 61% reduction in location-based emissions globally since 2010 up to 2022. Additionally, for the iron and steel production sector, Bank of America targets a 27% reduction in clients' Scope 1 and 2 GHG emissions by 2030, against a 2021 baseline.