Bank of America Recognized by CDP as a Supplier Taking Positive Action to Address Climate Change
Inaugural CDP Supplier Climate Performance Index Lists Bank of America as One of the World’s Best Performers on Climate Management
Bank of America has been named as a leader in climate change performance by the CDP (formerly the Carbon Disclosure Project).
The company is featured in CDP’s Supplier Climate Performance Leadership Index (SCPLI). The SCPLI highlights those companies within CDP’s supply chain program that have demonstrated a strong approach to climate strategy and emissions reduction in their CDP responses. This program collects information on behalf of 64 multinational companies with combined annual spend of almost US $1.15 trillion.
In 2013, Bank of America also was recognized for the progress it achieved on behalf of economic, environmental and social issues by the Dow Jones Sustainability Index (DJSI), the CDP Global 500 Climate Change Report and the CDP S&P 500 Climate Change Report.
CDP is an independent not-for-profit organization that works to reduce the risks posed by climate change by encouraging nearly 6,000 of the world's largest companies to report on their climate change strategies, greenhouse gas emissions, energy use and water use. This is CDP’s first Supplier Climate Performance Leadership Index to recognize supply chain companies, from small and medium enterprises to global brands, for their climate management and performance.
In 2012, Bank of America embarked 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 company’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
Bank of America is one of the world's largest financial institutions, serving individual consumers, small- and 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 50 million consumer and small business relationships with approximately 5,100 retail banking offices and approximately 16,300 ATMs and award-winning online banking with 30 million active users and more than 14 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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Reporters May Contact:
Mark Pipitone, Bank of America, 1.980.387.4907