U.S. Trust, Bank of America Private Wealth Management, Research Division Sustainability Profile
U.S. Trust, Bank of America Private Wealth Management, is a leading provider of wealth management services headquartered in the United States. Established in 1853, the firm has a rich history of serving high-net-worth individuals and families across major operational regions, including the East Coast, West Coast, and the Midwest. Specialising in investment management, estate planning, and philanthropic advisory services, U.S. Trust distinguishes itself through a client-centric approach and a commitment to tailored financial solutions. The firm has consistently achieved recognition for its innovative strategies and comprehensive wealth management offerings, solidifying its position as a trusted partner in the financial services industry. With a legacy of excellence, U.S. Trust continues to set benchmarks in private wealth management, ensuring clients receive unparalleled service and expertise.
DitchCarbon Score
How does U.S. Trust, Bank of America Private Wealth Management, Research Division'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
U.S. Trust, Bank of America Private Wealth Management, Research Division's score of 40 is higher than 61% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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U.S. Trust, Bank of America Private Wealth Management, Research Division 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 strategies. As a part of Bank of America Corporation, U.S. Trust inherits climate initiatives and targets from its parent company. However, no specific reduction targets or climate pledges have been detailed for U.S. Trust itself. The lack of emissions data and defined reduction initiatives suggests that U.S. Trust is still in the process of establishing its own climate strategy or reporting framework. In the broader context, Bank of America Corporation has made significant commitments to sustainability and reducing its carbon footprint, which may indirectly impact U.S. Trust's future climate actions. As the organisation develops its own climate commitments, it will likely align with industry standards and best practices in emissions reduction.
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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 U.S. Trust, Bank of America Private Wealth Management, Research Division's Industry?
How Carbon Intensive is U.S. Trust, Bank of America Private Wealth Management, Research Division's Location?
U.S. Trust, Bank of America Private Wealth Management, Research Division's Scope 3 Categories Breakdown
U.S. Trust, Bank of America Private Wealth Management, Research Division'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
U.S. Trust, Bank of America Private Wealth Management, Research Division'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.
U.S. Trust, Bank of America Private Wealth Management, Research Division 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.
