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Corporate environmental sustainability strategy & initiatives
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It focuses on low-carbon energy, energy efficiency, and sustainable transportation, in addition to addressing other important areas like water conservation, land use and waste.</span></p> </div> </div> <div class="text-block__right"> <div class="text" data-action="text"> <p>We also are making our operations more sustainable – including achieving carbon neutrality and procuring 100% renewable electricity in 2019, a year ahead of schedule. We offer programs and benefits that help employees become better environmental stewards.</p> <p>Importantly, we are committed to managing environmental and social risk, as well as providing industry-leading disclosures on our progress. For details, read our <a href="https://about.bankofamerica.com/en/our-company/environmental-social-risk-policy-framework">Environmental and Social Risk Policy Framework</a> and <a href="/content/dam/about/report-center/esg/2024/Sustainability_at_Bank_of_America_2024_Report.pdf" target="_blank">Sustainability at Bank of America document</a> published Sept. 2024 which aligns to G4 guidelines and includes an index for Global Reporting Initiative standards.</p> </div> </div> </div> </div> </div> </div> </div> </div> <div class="aem-wrap--container-layout"> <div id="container-layout-_-579707001" name="container-layout-_-579707001" class="container-layout container-layout_theme_transparent container-layout_bottom_100 " data-action="containerLayout"> <div class="row"> <div class="col-xs-12 "> <div class="aem-wrap--notched-image container-full-bleed section"> <div class="notched-image notched-image--background-transparent notched-image--aligment-left " data-action="notchedImage"> <div class="notched-image__container"> <div class="notched-image__image"> <div id="image-_-1456629406-_-people-in-building" class="image " style="max-width: ; background-color: " data-action="image"> <div class="image__container"> <picture slot="image-1" class="image__picture "> <source rel="bp-m" srcset="/content/dam/about/images/notched-image/making-an-impact/getty-images-922709692-2x.jpg" media="(min-width: 48.0625rem)"/> <img loading="lazy" src="/content/dam/about/images/notched-image/making-an-impact/GettyImages-922709692-mobile1.jpg" style="width: ;" width="375" height="280" alt="People in building" class="image__img"/> </picture> </div> </div></div> </div> <div class="container notched-image__content"> <div class="row"> <div class="notched-image__col-1 col-xs-12 col-sm-9 "> <div class="notched-image__col-1-content "> <div class="notched-image__header"> <div class="header header--align-default header--color-default " data-action="header"> <h2 class="header__heading header--level-default "> <div class="header__heading-text">Business & partners</div> </h2> <div class="header__subheading "> <p>Since 2007, we have invested more than $200 billion in financing low-carbon and sustainable business activities across the globe through our Environmental Business Initiative. For years, our financing commitment has focused on providing capital that supports innovative solutions to climate change and other environmental challenges. Over the next ten years (2020-2030), we have committed an additional $1 trillion to help advance these efforts and to work toward achieving the United Nation’s Sustainable Development Goals (SDGs).</p> </div> <div class="header__content " data-surround-text="Header Parsys"> </div> </div> </div> <div class="notched-image__cta"> </div> <div class="notched-image__extra-parsys "> </div> </div> </div> </div> </div> </div></div> </div> </div> </div> </div> <div class="aem-wrap--container-layout"> <div id="container-layout-_-925945735" name="container-layout-_-925945735" class="container-layout container-layout_theme_transparent container-layout_bottom_100 " data-action="containerLayout"> <div class="row"> <div class="col-xs-12 "> <div class="aem-wrap--story-block container-full-bleed section"> <div class="story-block story-block--bg-blue story-block--align-right false" data-action="storyBlock" id="story-block-_-2003974146"> <div class="container"> <div class="row"> <div class="story-block__image col-xs-12 col-sm-5 story-block--default-margin col-sm-offset-1"> <div id="image-_-1165588090-_-woman-and-man-smiling-with-tablet" class="image " style="max-width: ; background-color: " data-action="image"> <div class="image__container"> <picture slot="image-1" class="image__picture "> <source rel="bp-m" srcset="/content/dam/about/images/story-block/making-an-impact/getty-images-652373163@2x.jpg" media="(min-width: 48.0625rem)"/> <img loading="lazy" src="/content/dam/about/images/story-block/making-an-impact/getty-images-652373163-mobile@2x.jpg" style="width: ;" width="750" height="560" alt="Woman and man smiling with tablet" class="image__img"/> </picture> </div> </div> </div> <div class="story-block__content col-xs-12 col-sm-6 "> <div class="story-block__text"> <div class="story-block__header"> <div class="header header--align-default header--color-default " data-action="header"> <h2 class="header__heading header--level-default "> <div class="header__heading-text">Operations & employees</div> </h2> <div class="header__subheading "> <p>As a large, global company, we understand the impact our operations have on the environment and the potential we have to make a difference. Our scale lets us take measurable action to reduce our impacts by operating with greater efficiency, by employing new technologies and by influencing our supply chain.</p> <p>Our employees also play a key role in reducing our environmental impact. We empower them to make a difference through our My Environment® program, employee reimbursement programs and environmentally focused volunteer events.</p> </div> <div class="header__content " data-surround-text="Header Parsys"> </div> </div> </div> <div class="story-block__cta"> </div> </div> </div> </div> </div> </div></div> </div> </div> </div> </div> <div class="aem-wrap--container-layout"> <div id="container-layout-_-320690340" name="container-layout-_-320690340" class="container-layout container-layout_theme_transparent " data-action="containerLayout"> <div class="row"> <div class="col-xs-12 "> <div class="aem-wrap--story-block container-full-bleed section"> <div class="story-block story-block--bg-gray story-block--align-left false" data-action="storyBlock" id="story-block-_-572049232"> <div class="container"> <div class="row"> <div class="story-block__image col-xs-12 col-sm-5 story-block--default-margin "> <div id="image-_-1559846522-_-man-looking-at-tablet-while-speaking" class="image " style="max-width: ; background-color: " data-action="image"> <div class="image__container"> <picture slot="image-1" class="image__picture "> <source rel="bp-m" srcset="/content/dam/about/images/story-block/making-an-impact/r1823-sf-bank-enterprise-021117-0795@2x.jpg" media="(min-width: 48.0625rem)"/> <img loading="lazy" src="/content/dam/about/images/story-block/making-an-impact/r1823-sf-bank-enterprise-021117-079-mobile@2x.jpg" style="width: ;" width="750" height="560" alt="Man looking at tablet while speaking" class="image__img"/> </picture> </div> </div> </div> <div class="story-block__content col-xs-12 col-sm-6 col-sm-offset-1"> <div class="story-block__text"> <div class="story-block__header"> <div class="header header--align-default header--color-default " data-action="header"> <h2 class="header__heading header--level-default "> <div class="header__heading-text">Governance & policies</div> </h2> <div class="header__subheading "> <p>Our serious commitment to environmental activities starts at the top, with leadership that ensures strong governance and reporting. We set industry-leading business and operational goals, partnering across our lines of business to identify and advance solutions. We also have robust risk management of environmental issues related to our clients.</p> <p>To give our investors, clients and communities a complete, transparent view of our approach to environmental and social risks, we have a dedicated Environmental and Social Risk Policy Framework. 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Carrier fees may apply.<br/> <br/> Investment products offered through MLPF&S and insurance and annuity products offered through MLLA:<br/> <br/> </p> <div class="about-table_simple"><table role="presentation"> <tbody><tr><td><span class="subhead--4"><strong>Are Not FDIC Insured</strong></span></td> <td><span class="subhead--4"><strong>Are Not Bank Guaranteed</strong></span></td> <td><span class="subhead--4"><strong>May Lose Value</strong></span></td> </tr><tr><td><span class="subhead--4"><strong>Are Not Deposits</strong></span></td> <td><span class="subhead--4"><strong>Are Not Insured by Any Governmental Agency</strong></span></td> <td><span class="subhead--4"><strong>Are Not a Condition to Any Banking Service or Activity</strong></span></td> </tr></tbody></table> </div> <p><br/> <br/> Company goals are aspirational and not guarantees or promises that all goals will be met. 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