Bank of America Europe DAC Sustainability Profile
Bank of America Europe DAC, a subsidiary of the renowned Bank of America Corporation, is headquartered in Ireland (IE) and operates extensively across Europe. Established to provide a range of financial services, this institution plays a pivotal role in the banking industry, focusing on corporate and investment banking, wealth management, and treasury services. Founded in the early 2000s, Bank of America Europe DAC has achieved significant milestones, including expanding its operational footprint in key European markets. The bank is distinguished by its innovative financial solutions, tailored to meet the diverse needs of its clients, from multinational corporations to individual investors. With a strong market position, Bank of America Europe DAC is recognised for its commitment to excellence and customer service, making it a trusted partner in the financial landscape. Its core offerings, including risk management and capital raising, set it apart in a competitive industry.
DitchCarbon Score
How does Bank of America Europe DAC'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 Europe DAC's score of 38 is higher than 62% 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 Europe DAC, headquartered in Ireland (IE), currently does not report specific carbon emissions data, as indicated by the absence of emissions figures. The organisation is a current subsidiary of Bank of America Corporation, which may influence its climate commitments and performance metrics. As of now, there are no documented reduction targets or climate pledges specific to Bank of America Europe DAC. The lack of emissions data suggests that the company may be in the early stages of establishing its own climate strategy or reporting framework. Given its affiliation with Bank of America Corporation, it is important to note that any climate initiatives or targets may be cascaded from the parent company. However, specific details regarding these initiatives or targets have not been provided. In summary, while Bank of America Europe DAC is part of a larger corporate family with potential climate commitments, it currently lacks specific emissions data and reduction targets.
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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 Europe DAC's Industry?
How Carbon Intensive is Bank of America Europe DAC's Location?
Bank of America Europe DAC's Scope 3 Categories Breakdown
Bank of America Europe DAC'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.
Top Scope 3 Categories
Bank of America Europe DAC'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 Europe DAC 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.
