CHARLOTTE, N.C.--(BUSINESS WIRE)--Bank of America was recognized recently in four prominent sustainability rankings and awards that measure, rank and report on the performance of companies that are considered sustainability leaders:
- The 2014 CDP S&P 500 Climate Change Report acknowledged the company for its leadership and transparency on climate change with a Disclosure score of “100” and a Performance score of “A.” The group included Bank of America in both the Carbon Disclosure Leadership Index (CDLI) and Carbon Performance Leadership Index (CPLI) for the fifth consecutive year.
- Bank of America was listed to the 2014 Dow Jones Sustainability North America Index for the second year in a row. This index recognizes the sustainability performance of the top 20 percent of the 600 largest Canadian and United States companies in the S&P Global Broad Market Index.
- The Banker magazine named Bank of America the Most Innovative Investment Bank for Climate Change and Sustainability for the fourth year in a row.
- Bank of America was named to the 2014 Bloomberg New Energy Finance (BNEF) World’s Greenest Banks Rankings, which analyzes clean energy financing activities, investments and operational efforts of global banks. The company ranked No. 13, up from No. 23 last year.
“We’re engaging every part of our company to help accelerate the transition to a low-carbon economy – our business, our people, our operations and our partners,” said Andrew Plepler, Bank of America Global Corporate Social Responsibility and Consumer Policy executive. “This commitment is evident in our company’s $70 billion environmental business goal and our new $10 billion Catalytic Finance Initiative – each of which strives to combine innovation and expertise to drive meaningful impact in addressing the critical issue of climate change.”
Bank of America’s $70 billion multi-year environmental business
Since 2007, Bank of America has dedicated $31.7 billion to low-carbon and other environmental business activities. In June 2012, Bank of America announced a 10-year, $50 billion environmental business goal to advance lower-carbon economic solutions through lending, equipment finance, capital markets and advisory activities, carbon finance and investment advice and solutions for clients around the world. The $50 billion commitment followed an initial $20 billion multi-year environmental business commitment announced in 2007 that was achieved four years ahead of schedule.
Read more about Bank of America’s commitment to the environment.
Bank of America
Bank of America is one of the world's leading financial institutions, serving individual consumers, small businesses, middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial risk management products and services. The company provides unmatched convenience in the United States, serving approximately 49 million consumer and small business relationships with approximately 5,000 retail banking offices and approximately 16,000 ATMs and award-winning online banking with 30 million active users and more than 15 million mobile users. Bank of America is among the world's leading wealth management companies and is a global leader in corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 3 million small business owners through a suite of innovative, easy-to-use online products and services. The company serves clients through operations in more than 40 countries. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.
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