Financing the future: the economic opportunities of Bank of America’s Environmental Business Initiative

The global issues we face today – including climate change – will take the full involvement of the public and private sectors, nonprofits, NGOs, and academia working together to find solutions. At Bank of America, we recognize the role we have to help finance the transition to a more sustainable global economy.

That’s why, in 2007 we were the first bank to launch an Environmental Business Initiative, committing to mobilize $20 billion over 10 years to low-carbon, sustainable business activities. In the time since, we have exceeded that goal and made others, deploying more than $200 billion to date.

In 2021, we increased our Environmental Business Initiative to an additional $1 trillion by 2030 to help accelerate the environmental transition to a net-zero economy. In the following video, Vice Chairman Anne Finucane shares how our commitment will help spur the growth of zero carbon energy and power solutions, sustainable transportation and agriculture, and other sector transformations, while generating more climate resilient and equitable opportunities for our future.