Bank of America provides a full range of banking, investment management and other financial and risk-management products and services to three groups of customers – people, companies and institutional clients – through eight lines of business.
A leader in transformational finance and low-carbon investments, Bank of America has committed $70 billion in environmental business over the course of 16 years – the largest commitment among its peers. In 2012 it completed its first commitment of $20 billion in environmental business that was set in 2004 – four and a half years early. In 2013, the firm launched a new $50 billion environmental business commitment and has already delivered $5.5 billion towards this new 10-year goal. Over the past three years, it has quadrupled its renewable energy business, issuing the first ever corporate “Green Bond” in late 2013 — raising $500 million to finance energy efficiency and renewable energy projects.
Within its own organization,Bank of America is working toward meeting several aggressive energy, waste and water reduction goals by 2015, including:
- Reducing our global water consumption by 20%
- Reducing our greenhouse gas emissions by 30%
- 20% LEED certification within our corporate workplace portfolio
In 2013, Bank of America was added to the Dow Jones Sustainability Index.
Learn more about Bank of America – Merrill Lynch on its member page here.