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 45 is higher than 96% 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 678,063,000 kg CO2e globally. This figure includes emissions from Scope 1, Scope 2, and Scope 3 sources, with Scope 1 emissions at about 68,050,000 kg CO2e, and Scope 2 emissions at approximately 17,736,000 kg CO2e (market-based). The Scope 3 emissions were significantly higher, totalling around 1,726,654,000 kg CO2e, which includes categories such as purchased goods and services, employee commute, and business travel. The bank has set a long-term commitment to achieve net zero greenhouse gas emissions across its financing activities, operations, and supply chain by 2050. This goal builds on their support for the Paris Climate Agreement and reflects their dedication to sustainability and climate action. In previous years, Bank of America has disclosed emissions data, with notable figures from 2021 showing Scope 1 emissions at approximately 57,076,000 kg CO2e and Scope 2 emissions at about 2,128,000,000 kg CO2e (location-based). The bank's ongoing efforts to reduce emissions are part of a broader strategy to enhance environmental sustainability and address climate change impacts.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 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 | 2,650,834,000 | 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 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.
