Transformational Finance

Our new ten-year, $50-billion goal more than doubles the previous $20-billion initiative we established in 2007.

Driving Positive Environmental Change

Our new environmental goal of $50 billion over the next 10 years, starting January 1, 2013 will address climate change and advance the transition to a low-carbon economy through lending, investing, capital markets activity, philanthropy, and addressing our own environmental impact. The specific lines of business and activities we count against this commitment include Commercial Real Estate Banking, Global Investment Banking, Leasing, Public Finance, Global Commercial/Corporate Banking, Dealer Financial Services, Corporate Workplace, Commodities and grants to nonprofit organizations.

By Line of Business

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Financing a Low-Carbon Economy

We understand the powerful role we can play—both nationally and locally—in helping our customers, clients and communities navigate the transition to a low-carbon economy. That’s why we have made commitments to align our financial products and services to the burgeoning market for low-carbon energy and other emerging environmental business opportunities.

Our goal is to serve all our customers—from large corporate clients and institutional investors to individual consumers and small businesses. This is the cornerstone of our environmental business strategy: financing of a wide range of projects that drive positive environmental change and create opportunities for individuals and institutions to invest in environmental sustainability.

See it in action

Cost-efficient funding for a Kansas wind farm

EDF Renewable Energy, an established owner and operator of wind farms, chose BofAML to provide a $120.4 million investment in a wind power partnership. The partnership finances Spearville 3, a clean power facility in Kansas consisting of 63 turbines. The investment helped fund a facility that supplies nearly 40,000 homes with renewable energy.

Man pictured with wind turbine

Conserving energy and providing job training in North Dakota

Banc of America Public Capital Corp (BAPCC) Energy Services provided $4.8MM lease financing for Energy Conservation Measures (ECMs) for Lake Region State College (LRSC) to be installed under a Guaranteed Savings Energy Services Agreement with an Energy Services Company. LRSC is a two-year state-run institution of higher education located in Devils Lake, North Dakota. More Learn more.

The Huffington Post

The Future Of Water Sustainability

IN THE NEWS (The Huffington Post): Multinational companies have historically taken water availability for granted. But this is changing. A 2013 World Economic Forum report named water scarcity as one of the top global risks facing companies in the 21st century. More Learn more.

NY_LI_NJ_BronxRiverAlliance_071013_01555 – x and x canoeing on Bronx River

A polluted river finds a voice

Bank of America, through volunteer work and a Neighborhood Builder grant, has helped to restore the Bronx River into a natural gem. More Learn more.

Environmental Life Cycle

With the worldwide transition to a low-carbon economy gaining momentum, our focus is on leveraging our global financial capabilities to support and drive opportunities and innovation for the clients and communities we support. It started with developing cleaner energies and creating more energy-efficient products and buildings. As environmental innovation spreads across all business sectors, we continue to bring experience, expertise and capital to all of our clients and customers around the globe.

See it in action

BofA's Bessant Says Iberdrola 'Green Bond' Good Sign (Audio)

Green bonds interview with Cathy Bessant on Bloomberg radio. Cathy Bessant discusses the first ever “green bond” issued by a Spanish corporation and how it is a good sign for the growing renewable energy securities markets. She also discusses the company’s internal programs to promote a cleaner environment. More More

Helping Clients Invest According to Their Values

One of our nonprofit clients is focused on conservation and education. Their mission is to educate children about climate change and the effects of carbon in the atmosphere. We helped them build a large-cap portfolio that worked with their goals, made up of companies in the field of climate change mitigation that meet the client's rigorous standards of environmental stewardship.

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We manage our operations, and those of our vendors, with environmentally sound practices and ambitious targets.

Employee Programs & Partnerships

Employee Programs & Partnerships 

We enable our employees to act as environmental stewards by helping them to conserve resources.

Governance & Policies

Governance & Policies 

Our executive leadership sets strategy, priorities and goals with a global perspective and ensures rigorous risk management in our lending and other business activities.