Bank of America Asset Management, S.A. de C.V., Sociedad Operadora de Sociedades Sustainability Profile
Bank of America Asset Management, S.A. de C.V., Sociedad Operadora de Sociedades, headquartered in Mexico, is a prominent player in the financial services industry. Established in the early 2000s, the firm has made significant strides in asset management, catering to a diverse clientele across major operational regions in Mexico and Latin America. Specialising in investment management and financial advisory services, Bank of America Asset Management distinguishes itself through its innovative approach and commitment to client-centric solutions. The company offers a range of core products, including mutual funds and tailored investment strategies, designed to meet the unique needs of its clients. With a strong market position, Bank of America Asset Management has garnered recognition for its robust performance and strategic insights, solidifying its reputation as a trusted partner in the asset management sector.
DitchCarbon Score
How does Bank of America Asset Management, S.A. de C.V., Sociedad Operadora de Sociedades'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 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 Asset Management, S.A. de C.V., Sociedad Operadora de Sociedades's score of 17 is lower than 100% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Bank of America Asset Management, S.A. de C.V., Sociedad Operadora de Sociedades, headquartered in Mexico (MX), currently does not report any specific carbon emissions data, as indicated by the absence of emissions figures in kg CO2e. The organisation is a current subsidiary of Bank of America Corporation, which may influence its climate commitments and reporting practices. While there are no documented reduction targets or climate pledges specific to this entity, it is important to note that it inherits its climate-related initiatives from its parent company, Bank of America Corporation. This includes participation in the Carbon Disclosure Project (CDP) at a cascade level of 1, which suggests that the corporation is engaged in broader sustainability efforts. As a subsidiary, Bank of America Asset Management may align with the corporate family’s climate strategies, although specific targets or achievements have not been disclosed at this level. The absence of emissions data and reduction initiatives highlights a potential area for future development in their environmental strategy.
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| 2010 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Scope 1 | 106,870,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 1,644,068,000 | 00,000,000 | 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 | 0,000,000,000 |
How Carbon Intensive is Bank of America Asset Management, S.A. de C.V., Sociedad Operadora de Sociedades's Industry?
How Carbon Intensive is Bank of America Asset Management, S.A. de C.V., Sociedad Operadora de Sociedades's Location?
Bank of America Asset Management, S.A. de C.V., Sociedad Operadora de Sociedades's Scope 3 Categories Breakdown
Bank of America Asset Management, S.A. de C.V., Sociedad Operadora de Sociedades's Scope 3 emissions, which increased by 7% last year and increased by approximately 146% since 2010, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 48% of Scope 3 emissions.
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Bank of America Asset Management, S.A. de C.V., Sociedad Operadora de Sociedades's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Bank of America Asset Management, S.A. de C.V., Sociedad Operadora de Sociedades has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
