Bank of America Recognized for Its Environment and Climate Change Leadership
CDP, The Banker and Dow Jones Rank the Bank as a Leading Company
Bank of America has been recognized as a global leader for its actions, support and strategies in response to climate change. Recently three organizations honored the bank for its environmental efforts and programs.
The CDP's 2015 U.S. climate change report recently commended the bank for its leadership and transparency on climate change. The company received a disclosure score of “100” for its reporting transparency and a performance score of “A” for its leadership in the field. This is the sixth consecutive year CDP named Bank of America to the Standard & Poor’s 500 Carbon Disclosure Leadership Index and the Climate A List. This international not-for-profit selected 113 companies for the “A” list. Bank of America is among 5 percent of the corporations participating in CDP’s climate change program to be awarded a position on the Climate A List in recognition of its actions to reduce emissions and mitigate climate change in the past reporting year.
CDP’s Executive Chairman and Co-founder Paul Dickinson says: “The influence of the corporation is mighty. We congratulate the A List companies that are illuminating the path to a low-carbon future through their climate leadership. The momentum of business action on climate change suggests we are reaching a tipping point, where companies are poised to achieve their full potential. They need ambitious policy at both a national and international level that will support them in this regard and will catalyze participation from industry at scale.”
In October, The Banker magazine named Bank of America for the fifth year in a row as the Most Innovative Investment Bank for Climate Change and Sustainability, recognizing in part Bank of America Merrill Lynch’s continued leadership in the green bond sector and investment programs, such as the Catalytic Finance Initiative, supporting the move toward a low-carbon economy.
“We are honored to be recognized for our commitment to the environment by these organizations,” said Alex Liftman, global environmental executive. “Our environmental programs, such as our $125 billion environmental business initiative, demonstrate our support of a low-carbon economy.”
In September, the Dow Jones Sustainability Index (DJSI) delivered news that Bank of America was recognized for its corporate social responsibility efforts, including environmental sustainability. The bank was included on the Dow Jones Sustainability Index for North America for the third consecutive year and included on the World Index in 2015. The DJSI is a global ranking based on an evaluation of a company’s economic, environmental and social performance.
Bank of America
Bank of America is one of the world's leading 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 47 million consumer and small business relationships with approximately 4,700 retail financial centers, approximately 16,100 ATMs, and award-winning online banking with 32 million active users and more than 18 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 all 50 states, the District of Columbia, the U.S. Virgin Islands, Puerto Rico and more than 35 countries. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.
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