ESG Reporting Frameworks

Commitment to Transparency

We demonstrate our commitment to transparency by disclosing our environmental, social and governance (ESG) impacts through a number of reporting frameworks. We make these disclosures because we believe it is important that stakeholders — including our clients, teammates, communities and shareholders — understand how we manage ESG issues and have better insight into how we are living our values and delivering on our purpose to drive responsible growth.

In addition to the following reporting frameworks, we also disclose our ESG strategy, policies and practices in our 2019 Annual Report, 2020 Proxy Statement and our 2020 Human Capital Management Report.

ESG Performance Data Summary

For a summary of 2019 ESG data, read our 2019 ESG Performance Data Summary.

Global Reporting Initiative

Our GRI Index utilized the GRI Standards framework set forth by the Global Reporting Initiative (GRI). In addition, Bank of America also uses the Financial Sector Supplement to address topics specific to our sector. The report follows GRI 101 Foundation (2016) and has been prepared in accordance with the GRI Standards: Core option.

Read our GRI Index.

Sustainability Accounting Standards Board

The Sustainability Accounting Standards Board (SASB) is an independent non-profit, whose mission is to develop and disseminate sustainability accounting standards that help public corporations disclose material, decision-useful information to investors.

Read our SASB Index.

Task Force on Climate-related Financial Disclosures

The Task Force on Climate-related Financial Disclosures (TCFD) aims to use financial risk disclosures as a means to inform investors and other stakeholders about the risks companies face related to climate change and how those risks are being managed.

Read our TCFD Report.

CDP

CDP runs global disclosure systems for companies, investors, cities, states and regions to manage their environmental impacts. Bank of America has been named to CDP’s Climate Change A List for nine years.

Read our CDP Climate Change Report and CDP Verification Statement.

United Nations Global Compact

The United Nations Global Compact (UNGC) is a voluntary initiative based on CEO commitments to implement universal sustainability principles and to take steps to support UN goals. Bank of America has been a signatory member of the UNGC since 2016 and supports the initiative’s ten principles on human rights, labor, environment and anti-corruption.

Read our UNGC Report.

External Assurance

A world leader in testing, inspection and certification services, Apex Companies conducted an independent review to confirm the accuracy and reliability of environmental data and select human capital information. See our Environmental and Social Assurance Statement and EMS Assurance Statement. Senior leaders across the company are involved in this assurance and review process.