BofA Securities, Inc. Sustainability Profile
BofA Securities, Inc., a prominent player in the financial services industry, is headquartered in the United States. Established as a key subsidiary of Bank of America, it operates extensively across major financial hubs, including New York, London, and Hong Kong. Founded in 2009, BofA Securities has quickly established itself as a leader in investment banking, capital markets, and wealth management. The firm offers a diverse range of core services, including equity and debt underwriting, mergers and acquisitions advisory, and trading solutions, distinguished by its client-centric approach and innovative financial strategies. With a strong market position, BofA Securities has achieved notable milestones, consistently ranking among the top investment banks globally. Its commitment to excellence and comprehensive service offerings make it a trusted partner for corporations and institutions seeking to navigate complex financial landscapes.
DitchCarbon Score
How does BofA Securities, Inc.'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
BofA Securities, Inc.'s score of 40 is higher than 63% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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BofA Securities, Inc., headquartered in the US, currently does not have specific carbon emissions data available for the most recent year, as indicated by the absence of emissions figures. The company is a current subsidiary of Bank of America Corporation, which may influence its climate commitments and emissions reporting. While BofA Securities, Inc. does not have documented reduction targets or specific climate pledges, it is important to note that its parent company, Bank of America Corporation, may have established initiatives and targets that could impact BofA Securities' climate strategy. However, details regarding these initiatives are not provided in the available data. As a current subsidiary, BofA Securities, Inc. may align its climate commitments with those of Bank of America Corporation, which is known for its broader sustainability efforts. Without specific emissions data or reduction targets, the company's climate commitments remain unclear, but it is positioned within an industry increasingly focused on reducing carbon footprints and enhancing sustainability practices.
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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 BofA Securities, Inc.'s Industry?
How Carbon Intensive is BofA Securities, Inc.'s Location?
BofA Securities, Inc.'s Scope 3 Categories Breakdown
BofA Securities, Inc.'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
BofA Securities, Inc.'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.
BofA Securities, Inc. 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.
