Bank of America Corp 2024 SR
The report outlines Bank of America's progress toward its goal of achieving net zero greenhouse gas emissions in its financing, operations, and supply chain before 2050. In 2023, the company mobilized and deployed approximately $150 billion in sustainable finance, bringing its cumulative total since 2021 to $560 billion. The company set new 2030 financing activity targets for the iron, steel, and maritime shipping sectors. Additionally, Bank of America exceeded its 2030 sustainable aviation fuel usage goal, with SAF accounting for 31% of its corporate and commercial jet fuel usage. The report also highlights the company's commitment to becoming an early adopter of the Taskforce on Nature-related Financial Disclosures (TNFD) framework.
Company: Bank of America Corp
Sector: Financials
Country: United States
Year: 2024
Type: SR
Pages: 124
Bank of America Corp
Sustainability Report
The report outlines Bank of America's progress toward its goal of achieving net zero greenhouse gas emissions in its financing, operations, and supply chain before 2050. In 2023, the company mobilized and deployed approximately $150 billion in sustainable finance, bringing its cumulative total since 2021 to $560 billion. The company set new 2030 financing activity targets for the iron, steel, and maritime shipping sectors. Additionally, Bank of America exceeded its 2030 sustainable aviation fuel usage goal, with SAF accounting for 31% of its corporate and commercial jet fuel usage. The report also highlights the company's commitment to becoming an early adopter of the Taskforce on Nature-related Financial Disclosures (TNFD) framework.
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Document Details
Report Year
2024
Reporting Period
Jan 1, 2023 - Dec 31, 2023
Fiscal Year
2023
Published
Sep 30, 2024
Type
Sustainability Report
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
Sustainable Development Goals
Other Standards
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Energy Consumption
Renewable Energy
Water Consumption
Total Waste
Net Zero Target