Bank of America N.A. (India Branches) Sustainability Profile
Bank of America N.A. (India Branches), a prominent entity in the financial services sector, operates under the headquarters located in India. Established in 1904, the bank has evolved significantly, marking key milestones in its journey, including the expansion of its services across major operational regions in India. Specialising in a range of financial solutions, Bank of America offers unique products in corporate banking, investment banking, and wealth management. Its commitment to innovation and customer service distinguishes it in a competitive market. The bank has garnered a strong market position, recognised for its robust risk management practices and comprehensive financial services tailored to meet diverse client needs. With a legacy of excellence, Bank of America N.A. continues to play a vital role in shaping the financial landscape in India.
DitchCarbon Score
How does Bank of America N.A. (India Branches)'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 Services Auxiliary to 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 N.A. (India Branches)'s score of 27 is lower than 54% 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 N.A. (India Branches) currently does not have specific carbon emissions data available, as indicated by the absence of reported emissions figures. The organisation is a current subsidiary of Bank of America Corporation, which may influence its climate commitments and initiatives. As part of its corporate family, Bank of America Corporation has established various climate commitments, although specific reduction targets or initiatives for the India branches have not been detailed. The lack of emissions data suggests that the India branches may be in the early stages of developing their own climate strategy or reporting framework. In the broader context, Bank of America Corporation has been active in setting ambitious climate goals, which may cascade down to its subsidiaries, including the India branches. However, without specific data or targets reported for the India operations, it is challenging to provide a comprehensive overview of their carbon footprint or climate commitments. Overall, while Bank of America N.A. (India Branches) is part of a larger organisation with a focus on sustainability, further information is needed to assess its individual emissions and climate initiatives effectively.
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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 N.A. (India Branches)'s Industry?
How Carbon Intensive is Bank of America N.A. (India Branches)'s Location?
Bank of America N.A. (India Branches)'s Scope 3 Categories Breakdown
Bank of America N.A. (India Branches)'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 N.A. (India Branches)'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 N.A. (India Branches) 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.
