Approach to Zero™

Building on our history of climate leadership, in 2021 Bank of America announced a commitment to achieve net zero greenhouse gas (GHG) emissions across our financing activities, operations and supply chain before 2050.

Consistent with our approach toward Responsible Growth, we are helping finance this transition by setting and achieving milestone targets, partnering with clients to support their transition, investing in climate solutions, developing and reporting decision-useful metrics to drive progress, leading industry collaborations, and following guidance for transparency.

Our Approach to Zero™ strategy is based on five pillars that shape our work:
1) Assist; 2) Advocate; 3) Analyze; 4) Align; and 5) Attest. At the heart of our work is the commitment to assist clients in their own net zero objectives with all the capabilities we can bring to help ensure a just transition to a more sustainable future.

As a next step in our path to achieve net zero, we have set 2030 targets for reducing emissions associated with financing activities for three key sectors: Auto Manufacturing, Energy and Power Generation.

Additional information on our climate goals and progress can be found in our Environmental and Social Risk Policy Framework, Task Force on Climate-related Financial Disclosures Report and ESG Data Performance Summary.