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Financial Intermediation
US
updated 5 days ago

Bank of America, National Association

Company website

Bank of America, National Association, commonly referred to as Bank of America, is a leading financial institution headquartered in the United States. Established in 1904, the bank has grown to become a prominent player in the banking industry, serving millions of customers across major operational regions, including the East Coast, West Coast, and the Midwest. Specialising in a wide range of financial services, Bank of America offers personal banking, investment solutions, and wealth management, distinguished by its innovative digital banking platforms. The bank has achieved significant milestones, including its role as one of the largest banks in the United States by assets, consistently ranking among the top financial institutions globally. With a commitment to customer service and technological advancement, Bank of America continues to solidify its market position and reputation as a trusted financial partner.

DitchCarbon Score

How does Bank of America, National Association'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.

40

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.

28

Industry Benchmark

Bank of America, National Association's score of 40 is higher than 64% of the industry. This can give you a sense of how well the company is doing compared to its peers.

64%

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Bank of America, National Association's reported carbon emissions

Inherited from Bank of America Corporation

As of the latest available data, Bank of America, National Association does not report specific carbon emissions figures. The organisation is a current subsidiary of Bank of America Corporation, which may influence its climate commitments and emissions data. However, no specific reduction targets or climate pledges have been documented for Bank of America, National Association. The absence of emissions data suggests that the bank may be in the process of developing or refining its climate strategy. It is important to note that the broader Bank of America Corporation has made significant commitments to sustainability and reducing its carbon footprint, which may cascade down to its subsidiaries. In the context of the financial services industry, Bank of America, National Association is expected to align with industry standards and best practices regarding climate action, potentially adopting initiatives such as the Science Based Targets initiative (SBTi) and other sustainability frameworks. However, without specific data or targets, the exact impact of these initiatives remains unclear.

Unlock detailed emissions data

Access structured emissions data, company-specific emission factors, and source documents

2010201920202021202220232024
Scope 1
106,870,000
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
-
-
Scope 3
1,450,834,000
0,000,000,000
0,000,000,000
0,000,000,000
0,000,000,000
-
-

Industry emissions intensity

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Bank of America, National Association's primary industry is Financial intermediation services, except insurance and pension funding services (65), which is very low in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for Bank of America, National Association is in US, which has a low grid carbon intensity relative to other regions.

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, National Association is not participating in any of the initiatives that 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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

Where does DitchCarbon data come from?

Discover our data-driven methodology for measuring corporate climate action and benchmarking against industry peers

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