Reaching environmental goals, together
Bank of America is committed to accelerating the transition to a low-carbon economy through transformational finance, operations, nonprofit partnerships, environmental policies and practices and, importantly, employee programs.
Educating and empowering our employees to take actions to manage their own, and Bank of America’s, environmental impact is critical to our sustainability efforts. We help our employees act as good environmental stewards at work, at home and in their communities.
Recycle Now: Recycle Now was a global campaign to inspire and educate employees to recycle at work. It included a challenge between six markets that competed to increase recycling during six weeks from Earth Day to World Environment Day. The participating markets increased recycling rates by an average of 14%.
More than 15,000 employees across the globe actively participate in My Environment through activities such as “Think•Eat•Save,” our Waste Less Lunch program in partnership with the United Nations’ Environment Programme (UNEP) and volunteer activities such as the International Coastal Cleanup with the Ocean Conservancy. Last year, more than 3,000 employees committed to reducing the energy they use through an “Energy Pledge,” developed in partnership with C2ES. Those pledges were estimated to reduce more than 2.5 million pounds of carbon dioxide emissions annually.
In 2014, more than 130 World Water Day and Earth Day events were led by employees. Teams in Dallas, Phoenix, New York, Boston and Tampa worked with the National Fish and Wildlife Foundation on an initiative to improve urban waterways. The UK team hosted an educational event featuring a speaker from our partner, Village Water – a charity organization that provides access to safe water and sanitation in rural Zambia.
Partnering with groups that have in-depth knowledge of specific environmental issues, global resources and established educational programs and events helps us increase the impact of our environmental efforts. Our current environmental giving priority is climate change. We approach this through: Energy (Renewable and Efficiency, including Green Building); Forests (Deforestation, Reforestation); and Water (Access to, Health/Sanitation). We specifically target opportunities related to volunteerism, job creation and training and thought leadership.
Key partners include:
- Center for Climate and Energy Solutions
- Nicholas Institute for Environmental Policy Solutions, Duke University
- The Initiative for Global Environmental Leadership, The Wharton School, University of Pennsylvania
- The Nature Conservancy
- National Wildlife Federation and Jobs for the Future (Greenforce Initiative)
- Ocean Conservancy
- Center for Law, Energy & the Environment, UC–Berkeley Law and Emmett Center on Climate Change and the Environment, UCLA Law
- U.S. Green Building Council
Our 10-year, $50-billion environmental initiative is a catalyst for accelerating low-carbon activities for the businesses, institutions and customers we serve.
We manage our operations, and those of our vendors, with environmentally sound practices and ambitious targets.
Our executive leadership sets strategy, priorities and goals with a global perspective and ensures rigorous risk management in our lending and other business activities.