The report highlights Bank of America's progress on environmental, social, and governance (ESG) initiatives in 2016. Key highlights include: directing $15.9 billion toward the company's $125 billion goal to support clients connected to clean energy and other environmentally supportive activities; leading the green bond underwriting industry for three consecutive years, issuing nearly double the amount of green bonds than its closest competitor; launching the Catalytic Finance Initiative (CFI) in 2014 with a $1 billion capital commitment and expanding the CFI to include several leading financial organizations, resulting in a total commitment of $8 billion marked for sustainable investments; investing more than $1 billion in community development financial institutions (CDFIs) throughout the U.S.; launching the Affordable Loan Solution® mortgage in early 2016; increasing its minimum wage to $15 per hour for all U.S. employees and increasing fully paid U.S. parental leave from 12 to 16 weeks for all new parents.
