Bank of America Increases Environmental Business Initiative Target to $1 Trillion by 2030 - Seite 2

Leading innovation and development in Sustainable Finance
Finucane and Montag co-chair the company’s Sustainable Markets Committee, which collaborates across business lines to deliver innovative financing solutions in support of the United Nations Sustainable Development Goals. The company’s sustainable finance highlights include:

A top issuer of Green, Social and Sustainability bonds: In 2020, Bank of America issued a $1 billion corporate social bond to support those on the front lines of the coronavirus health crisis; and a first-of-its kind $2 billion equality progress sustainability bond to help advance racial equality, economic opportunity and environmental sustainability. Since 2013, the company has issued $9.85 billion in eight corporate Green, Social and Sustainability bonds.

• A top underwriter in ESG capital markets globally, and a top underwriter of Green Bonds for U.S. Municipalities. Since 2013, the company has helped more than 225 clients support their sustainable business needs by raising in excess of $300 billion through more than 400 ESG-themed bond offerings including green, social and sustainability bonds.
• The top renewable energy investor and lender in the U.S. since 2015. The company’s renewable energy tax equity portfolio at the end of 2020 was approximately $10.1 billion. These investments have contributed to the development of approximately 17% (33GW) of all total installed renewable wind and solar energy capacity in the U.S.
• A leader in carbon neutrality and net zero advisory services to all corporate and institutional clients, and a leader in financing, capital markets and M&A services that help drive environmental and social sustainability globally.
• One of the largest investors and lenders to affordable housing projects in the U.S., and the largest private sector lender to Community Development Financial Institutions.

For recent highlights of the bank’s ESG efforts, see page 38 of the Bank of America 2020 Annual Report. Further information can be found in the 2021 Proxy Statement and at www.bankofamerica.com/environment.

Bank of America
At Bank of America, we’re guided by a common purpose to help make financial lives better, through the power of every connection. We’re delivering on this through responsible growth with a focus on our environmental, social and governance (ESG) leadership. ESG is embedded across our eight lines of business and reflects how we help fuel the global economy, build trust and credibility, and represent a company that people want to work for, invest in and do business with. It’s demonstrated in the inclusive and supportive workplace we create for our employees, the responsible products and services we offer our clients, and the impact we make around the world in helping local economies thrive. An important part of this work is forming strong partnerships with nonprofits and advocacy groups, such as community, consumer and environmental organizations, to bring together our collective networks and expertise to achieve greater impact. Learn more at about.bankofamerica.com, and connect with us on Twitter (@BofA_News).