Bank Of America
Bank of America Corporation, commonly referred to as Bank of America, is a leading financial institution headquartered in the United States. Established in 1904, the bank has evolved into a global powerhouse, primarily serving clients across North America, Europe, and Asia. Operating within the banking and financial services industry, Bank of America offers a diverse range of products, including personal banking, investment services, and wealth management. Renowned for its innovative digital banking solutions, Bank of America stands out with its user-friendly mobile app and extensive ATM network. The bank has consistently maintained a strong market position, being one of the largest banks in the US by assets. With a commitment to sustainability and community development, Bank of America has achieved numerous accolades, solidifying its reputation as a trusted financial partner.
DitchCarbon Score
How does Bank Of America'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's score of 40 is higher than 92% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Bank Of America's reported carbon emissions
In 2023, Bank of America reported total carbon emissions of approximately 68,821,000 kg CO2e from Scope 1 and 2 sources, alongside significant Scope 3 emissions, which included 1,722,654,000 kg CO2e. The breakdown of emissions indicates that Scope 1 emissions were about 63,978,000 kg CO2e, while Scope 2 emissions amounted to approximately 4,842,000 kg CO2e (market-based) and 510,311,000 kg CO2e (location-based). The bank has not disclosed specific reduction targets or initiatives related to its carbon emissions, nor has it committed to any science-based targets (SBTi) for emissions reduction. However, it is actively engaged in climate commitments, focusing on sustainability and reducing its overall environmental impact. Bank of America's emissions data reflects its global operations, with a notable presence in the US, where it reported approximately 67,621,000 kg CO2e in total emissions for 2023. The bank's commitment to addressing climate change is evident, although specific reduction strategies and targets remain unspecified.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
Add to project| 2010 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 106,870,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 1,644,068,000 | 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 |
Industry emissions intensity
Location emissions intensity
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 is committed to some reduction initiatives 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.
