Bank of America, National Association Sustainability Profile
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.
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, 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.
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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.
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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, National Association's Industry?
How Carbon Intensive is Bank of America, National Association's Location?
Bank of America, National Association's Scope 3 Categories Breakdown
Bank of America, National Association'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, National Association'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, National Association 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.
