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Bank of America Recognized for Sustainability Leadership and Performance

Company Added to the Dow Jones Sustainability Index and Named a Top Financial Services Company in the CDP Global 500 and CDP S&P 500 Climate Change Reports

Category:

Thursday, September 26, 2013 12:00 pm EDT

Dateline:

Charlotte
"There’s also a distinct shareholder benefit, as more and more investors consider sustainability when diversifying portfolios."

Bank of America was recognized by the 2013 Dow Jones Sustainability Index (DJSI), the CDP Global 500 Climate Change Report 2013 and the CDP S&P 500 Climate Change Report 2013 for its sustainability leadership and positive progress made on behalf of economic, environmental and social issues. This is the first time the bank has been added to both the World and North America indices of the DJSI. 

“We continuously strive to improve and evolve our sustainability practices, which are incredibly important to customers, clients, employees and the communities we serve,” said Andrew Plepler, Global Corporate Social Responsibility and Consumer Policy executive, Bank of America. “There’s also a distinct shareholder benefit, as more and more investors consider sustainability when diversifying portfolios.”

Bank of America is one of 12 companies listed in the DJSI’s Diversified Financial Services and Capital Markets sector. Launched in 1999, the DJSI were the first global indices to track the financial performance of the leading sustainability-driven companies worldwide. The DJSI World and respective subsets track the performance of the top 10 percent of the 2,500 largest companies from 58 sectors in the Dow Jones Global Total Stock Market Index that lead the field in terms of sustainability.

In the 2013 CDP Global 500 and CDP S&P Climate Change Reports, Bank of America is named as a top global financial services company, with a disclosure score of 98 out of 100. Inclusion in the Carbon Disclosure Leadership Index (CDLI), which identifies the most climate transparent companies, and in the Carbon Performance Leadership Index (CPLI), which recognizes leading companies that have established strategies to reduce their environmental impacts, is based in part on the disclosure score. This is the fourth consecutive year that Bank of America has been included in the Global 500 CPLI and the S&P 500 CPLI and CDLI.

In 2012, Bank of America launched a new 10-year, $50 billion environmental business initiative to address climate change, reduce demands on natural resources and advance lower-carbon economic solutions. This builds on the bank’s original $20 billion commitment exceeded earlier this year. The company also is on track to meet its goals to continue to reduce the environmental impact of its operations, including a 15 percent reduction in its greenhouse gas emissions by 2015.

For more information about Bank of America’s environmental sustainability programs, visit http://about.bankofamerica.com/en-us/global-impact/environmental-sustainability.html.

Bank of America Corporate Social Responsibility
Bank of America’s commitment to corporate social responsibility (CSR) is a strategic part of doing business globally. Our CSR efforts guide how we operate in an environmentally, socially, and economically responsible way around the world, to deliver for shareholders, customers, clients and employees. Our goal is to help create economically vibrant regions and communities through lending, investing and giving. By partnering with our stakeholders, we create value that empowers individuals and communities to thrive and contributes to the long-term success of our business. We have core areas of focus for our CSR, including responsible business practices; environmental sustainability; strengthening local communities with a focus on jobs, housing and hunger; investing in global leadership development; and engaging through arts and culture. As part of these efforts, employee volunteers across the company contribute their time, passion and expertise to address issues in communities where they live and work. Learn more at www.bankofamerica.com/about and follow us on Twitter at @BofA_Community.

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Reporters May Contact:
Noelle Bell, Bank of America, 1.704.264.6772
noelle.bell@bankofamerica.com