Global commitment to improving the environment at work and in our communities
Our commitment to environmental sustainability
As a large, global company, we understand the impact our operations have on the environment. But our scale also enables us to take measurable action to reduce these impacts – through our own efficiency, with new technologies and by influencing our supply chain.
In addition, our employees have a key role to play in reducing our environmental impact and we are empowering them to make a difference through our My Environment® program, employee reimbursement programs and environmentally focused volunteer events.
Learn more about our environmental operations goals and work.
Reducing our own environmental impact
We met our carbon neutrality goal a year ahead of schedule. The goal was accomplished by reducing Scope 1 and 2 emissions from our facilities, purchasing 100% renewable electricity and buying carbon credits for remaining unavoidable emissions.
As part of our long-term commitment to lessen the environmental impact of our operations, we have completed the following activities:
- Reduced Greenhouse gas (GHG) emissions by more than 50% in facilities since 2010.
- Met our 100% renewable electricity goal by:
- Installing on-site solar at many of our facilities, including office locations, financial centers, and on ATMs.
- Completing multiple long-term renewable agreements which will add new wind and solar electricity to the grid.
- Purchasing Renewable Energy Credits (RECs).
- Purchased a limited amount of carbon credits from four nonprofit projects located in impoverished areas across the U.S., South America, Africa, and Asia, which are helping to preserve biodiversity and drive reforestation, while furthering economic mobility for the local populations.
We aim to meet our remaining environmental operations goals, which include reducing location-based energy use by 40% and water use by 45% in our operations across the globe from 2010 to 2020. Read our press release which provides additional details. We are members of RE100 and EV100 and we were one of the first financial institutions to join the U.S. Department of Energy's Workplace Charging Challenge.

Operational
targets
Bank of America announced
operational goals from
2010 - 2020
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Achieved Carbon Neutrality for Scope 1 & 2 emissions
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Reduce energy by 40%
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Purchase 100% of electricity from renewable resources
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Reduce location-based GHG emissions by 50%
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Maintain LEED certification in 20% of the company's owned and leased space and manage 19 million square feet of LEED Certified office space across the globe
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Reduce water use by 45%
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Maintain an average of 10% recycled content in paper purchased
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Purchase 100% of paper from certified sources
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Reduce waste to landfill by 35% *Baseline 2011
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Dispose 100% of e-waste using certified responsible vendors
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Maintain 90% response rate to our CDP supply chain requests
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Increase the number of our CDP supply chain responding vendors who report GHG emissions to 90%
To view progress on our goals, please see our ESG Performance Data Summary PDF.