Our activities in support of the environment
Bank of America increased its second environmental business initiative from $50 billion to $125 billion in low-carbon business by 2025 through lending, investing, capital raising, advisory services and developing financing solutions for clients around the world. This 10-year environmental business goal speaks to the bank’s focus on and commitment to advancing energy efficiency, renewable energy and transportation, in addition to addressing other important areas like water conservation, land use and waste.
This expanded second environmental commitment builds on the company’s initial environmental business initiative which was established in 2007 and then fulfilled in 2013, four years ahead of schedule.
Since 2007, Bank of America has provided more than $39 billion in financing for low-carbon activities, of which $17 billion has been distributed from our second commitment, which was initially announced in 2012 at $50 billion and increased in 2015 to $125 billion.
Bank of America has increased our current environmental business initiative from $50 billion to $125 billion in low-carbon business by 2025 through lending, investing, capital raising, advisory services and developing financing solutions for clients around the world… learn More about Bank of America increases environmental business initiative to $125 billion
In May 2015, Bank of America issued our second green bond for $600 million in aggregate principal amount, part of our ongoing commitment to accelerating the transition to a low-carbon economy. The bond will help to fund renewable energy and energy efficiency projects under the company’s $70 billion multi-year environmental business commitment… learn More about Bank of America issues second green bond for $600 million
Bank of America announced a Catalytic Finance Initiative, designed to stimulate at least $10 billion of new investment into high-impact clean energy projects. The initiative will focus on developing or advancing innovative financing structures that reduce investment risk, thereby attracting a broader range of institutional investors… learn More about Catalytic finance initiative
Our $125-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.
We enable our employees to act as environmental stewards by helping them to conserve resources.
Our executive leadership sets strategy, priorities and goals with a global perspective and ensures rigorous risk management in our lending and other business activities.