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.
Environmental, Social and Governance Reports
We demonstrate our commitment to transparency by disclosing our environmental, social and governance (ESG) impacts through a number of reporting frameworks.
We disclose our ESG strategy, policies and practices in our Annual Report and Proxy Statement. ESG content includes:
- Stakeholder Capitalism Metrics developed by the International Business Council (IBC) of the World Economic Forum. Our CEO chairs the IBC and partnered closely on the development of these metrics.
- Sustainability Accounting Standards Board (SASB) set forth by an independent non-profit whose mission is to develop and disseminate sustainability accounting standards that help public corporations disclose material information that is useful to investor decisions.
- United Stations Global Compact (UNGC), a voluntary initiative based on CEO commitments to implement universal sustainability principles and take steps to support UN goals. Bank of America has been a signatory member of the UNGC since 2016 and, along with more than 12,000 other members, supports the initiative’s ten principles on human rights, labor, environment and anti-corruption.
- Human Capital Management content
- ESG Highlights
A voluntary, comprehensive report with data across many facets of our ESG work. Organized along the International Business Council (IBC) stakeholder capitalism theme of People, Planet, Prosperity and Principles of Governance New for the 2021 report: includes our disclosure against the Global Reporting Initiative (GRI) framework. Bank of America uses the Financial Sector Supplement to address topics specific to our business and discloses in accordance with the Core standards.
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/opportunities are being managed.
Follows CDP, a global disclosure system for companies, investors, cities, states and regions to manage their environmental impacts. Bank of America was named to CDP’s Climate Change A List for nine years. More detailed information related to our CDP responses can be found in our TCFD report, linked above.
To access reports from previous years, refer to the Report Center and archives.
A world leader in testing, inspection and certification services, Apex conducted an independent review to confirm the accuracy and reliability of environmental data and select labor information. In addition, Apex evaluated other reported data (e.g., economic, social, human rights, society, product responsibility) against the principles of the GRI Reporting Framework as defined in the GRI Standards. Senior leaders across the company are involved in this assurance and review process.
View the materiality disclosures. Verification and assurance statements include:
Governance across our company
Building and maintaining trust for our clients, employees and shareholders is at the heart of governance at Bank of America. Delivering responsible growth requires an experienced, independent board of directors, skilled management, and clear and effective governance practices.