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Environmental and social governance (ESG) reporting
The goal of our environmental, social and governance (ESG) reporting is to present pertinent information about the global business of Bank of America in all 50 states, the District of Columbia, the U.S. Virgin Islands, Puerto Rico and more than 35 countries and across our eight lines of business.
Additionally, we provide ESG information through our annual submissions to the CDP, our 2019 Proxy Statement, our 2019 Annual Report, our 2019 Social Bond Report, 2018 ESG Highlights and our online newsroom.
The information found in the 2019 Annual Report and throughout this site is developed by a team across Bank of America’s business lines and corporate functions, which provides an account of Bank of America’s ESG work and business impacts.
Across our company, we’re committed to being transparent and easy to do business with. This helps us have a tangible, positive effect on the communities where we live and work worldwide. To give a clear picture into our operations and initiatives, we have a variety of reports, fact sheets and financial updates on our ESG activities, how we invest in and strengthen communities and more.
Bank of America uses well-informed frameworks to guide our annual reporting on ESG efforts, including the Global Reporting Initiative (GRI), United Nations Global Compact, Task Force on Climate-related Financial Disclosures (TCFD), CDP and Sustainability Accounting Standards Board (SASB).
To make sure that we understand and focus on the ESG factors that are most material to our external stakeholders and our company’s core business strategy, we did a formal evaluation. We asked a third party, Business for Social Responsibility (BSR), to conduct confidential interviews with senior executives across our lines of business and control functions as well as with leaders from civil rights, consumer, community development and environmental organizations, and socially responsible investment firms.
We also have an assurance and review process to confirm the accuracy and reliability of our Environmental Policy/Management System. This includes senior leaders across the company as well as an independent review by Bureau Veritas North America (BVNA), a world leader in testing, inspection and certification services.