Bank of America to disclose climate impact of its lending practices

It has signed up with the Partnership for Carbon Accounting Financials (PCAF), which is developing a common framework to assess financed emissions

Bank of America, ExxonMobil invests $27.5m in Stanford energy alliance

Stanford University has launched a new energy alliance that will facilitate research and educational relationships between academics and companies. As founding members, ExxonMobil and the Bank of America have committed $20 million (£14.6m) and $7.5 million (£5.5m) respectively to the Stanford Strategic Energy Alliance. The alliance will fund early stage research across a spectrum of […]

Bank of America aims to be carbon neutral by 2020

Bank of America has pledged to become carbon neutral by 2020. The second largest bank in the US has committed to work to reduce its greenhouse gas (GHG) emissions by 50% and energy and water use by 40% and 45% respectively in its global operations during the same period. It also aims to buy 100% renewable electricity and has joined the […]

Bank of America issues $600m green bond

Bank of America has issued a green bond worth $600 million (£383m) for energy efficiency and renewable projects. It will help fund projects under the company’s $70 billion (£44.7bn) multi-year environmental business commitment. It initially issued $500 million (£319m) in 2013, which helped finance projects such as retrofitting traditional street lights to LEDs in Los […]