Bank of America

Diversified Banks
BAC
$ 32 (1.4)%
Share price
$ 256 bn
Market Cap
$ 256 bn
Enterprise Value

Carbon footprint

0.28 Ton
GHG emissions per $ 1 mln investment
0.01x the weighted average for S&P 500
FY2021
How is this calculated?
+16%
YOY change in GHG emissions
Stronger than the +5% weighted average for S&P 500
FY2021 vs. previous year

Primary Climate Goal

-11%
Proj. YOY change in GHG emissions (Scope 1 + 2)
Stronger than the -6.6% weighted average for S&P 500
FY2022
How is this calculated?

Bank of America aims to achieve carbon neutrality for Scope 1 + 2 by 2030


This target has not been verified as science based according to SBTi
Bank of America's actual and proj. GHG emissions (Scope 1 + 2) (Kt of CO2e)

Secondary Climate Goal

-3.4%
Proj. YOY change in GHG emissions (all Scopes)
Weaker than the -7.1% weighted average for S&P 500
FY2022
How is this calculated?

Bank of America aims to achieve net zero for all Scopes by 2050


This target has not been verified as science based according to SBTi
Bank of America's actual and proj. GHG emissions (all Scopes) (Kt of CO2e)

GHG emissions and Carbon intensity

Bank of America's GHG emissions (market-based) (Kt of CO2e)
Bank of America's Carbon intensity (Tons per 1 USDm)

Bank of America's carbon footprint

Bank of America reported gross GHG emissions (Scope 1 + 2 before carbon offsets) for the twelve months ending 31 December 2021 at 71 Kt (+9.9/+16% y-o-y). Carbon intensity also remained unchnaged at 0.8 t.

Bank of America's Scope 3 emissions declined to 2,936 Kt (-391 /-11.8% y-o-y). This is a higher rate of decline than over the period since 4Q'16 (-10% CAGR).

The company is committed to achieving carbon neutrality for Scope 1 + 2 by 2030, which translates into the estimated reduction of -7.9 Kt per annum over the period of FY2022 - FY2030. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Also, the company commits to achieving net zero for all Scopes by 2050, which translates into the estimated reduction of -104 Kt per annum over the period of FY2022 - FY2050. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Bank of America aims to achive carbon neutrality across its operations (Scope 1 + 2) in 2030. Companies normally become carbon neutral with the help of the acquisition of carbon offsets rather than absolute reductions in their own greenhouse emissions. Also, carbon neutrality does not include non-CO2 GHG emissions.

Company environmental metrics

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