BANK OF AMERICA
Bank of America today published its annual Corporate Social Responsibility (CSR) report, which provides a detailed overview of the company’s environmental, social and economic impact.
“Our CSR program used to revolve around philanthropy – those days are long gone,” said Andrew Plepler, Bank of America Corporate Social Responsibility and Consumer Policy executive. “While grantmaking is still critical, CSR is now a part of everything we do, from business practices to the principles and values that guide us.”
As a sign of the evolving role of CSR at Bank of America, the company established a Global Corporate Social Responsibility Committee. The Committee will report directly to the CEO and raise issues and make recommendations, as appropriate, to the company's management team and board of directors. The Committee will meet quarterly and report out at least annually to the Corporate Governance Committee of the board of directors. This structure will ensure that emerging CSR issues, as well as concerns raised by advocates, regulators and other stakeholders, are being reviewed and managed at the highest levels of the company.
Additional highlights from the 2013 report:
The CSR Report is structured to follow and respond to the Global Reporting Initiative (GRI) G3.1 framework and GRI’s Financial Services Sector Supplement, the industry standard by which CSR efforts are evaluated and measured. The full report can be found at www.bankofamerica.com/csrreport.
Bank of America
Bank of America is a leading financial institution, serving individual consumers, small businesses, middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and 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 5,100 retail banking offices and approximately 16,200 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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