The United Nations Sustainable Development Goals (SDGs) are the blueprint to achieving a more sustainable future by 2030. Yet, while organizations around the world work to advance these 17 goals, there remains a significant gap between the capital needed to address global environmental and social challenges, and what is currently being spent — an estimated $3 trillion, annually.footnote1
The public and nonprofit sectors alone can’t solve challenges as large as providing clean water to the nearly 800 million people who lack itfootnote2, or transitioning the global energy grid to renewables. Private-sector leadership and investment is also critical to driving the change needed to realize the SDGs. For its part, Bank of America, is deploying and mobilizing $1 trillion by 2030 through an Environmental Business Initiative in order to accelerate the transition to a net zero economy. This commitment anchors a broader $1.5 trillion sustainable finance goal focused on supporting environmental transition and inclusive development activities across the globe.
Below are examples of how Bank of America is working alongside partners to drive innovation and advance the SDGs:
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