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about Bank of America

Bank of America is an American multinational banking and financial services corporation and is the second largest bank holding company in the United States by assets, and the fourth largest bank in the U.S. by market capitalization. Bank of America serves clients in more than 150 countries and has a relationship with 99% of the U.S. Fortune 500 companies and 83% of the Fortune Global 500. The company is a member of the Federal Deposit Insurance Corporation (FDIC) and a component of both the S&P 500 Index and the Dow Jones Industrial Average.

In 2008 Bank of America acquired Merrill Lynch, enabling the bank to become the world's largest wealth management corporation and a major investment bank.

ownership

listed on NYSE Euronext, Tokyo Stock Exchange

headquarters

100 North Tryon Street
28255 Charlotte, NC
United States

supervisor

The Federal Reserve

CEO/chair

Brian T. Moynihan
CEO

annual reports

Annual report 2011

website >>

banktrack contact

Amanda Starbuck - Rainforest Action Network

voluntary initiatives:

investment policies of Bank of America

Forest lending policy

May 19, 2009 | BoA

Forest lending policy- found at BoA website at May 19 2009

Climate policy principles

Apr 16, 2009 | Bank of America

short description of climate policy

Forests Practices — Global Corporate Investment Bank Policy

Apr 16, 2009 | Bank of America

Forest certification

Apr 16, 2009 | Bank of America

fundamental components of certification standards according to BoA

Coal Policy

Dec 01, 2008 | Bank of America

Utility portfolio emission reduction methodology

Jun 01, 2007 | Bank of America

Bank of America Climate Change Position

Jan 01, 2004 | Bank of America

sector and issue policies (status 2010)

Early in 2010, BankTrack reviewed the publicly available sector and issue policies of Bank of America to assess how these policies dealt with social and environmental issues and met international best practice for a particular sector or issue. Go here for the report.

headquarters

100 North Tryon Street
28255 Charlotte, NC
United States

supervisor

The Federal Reserve

CEO/chair

Brian T. Moynihan
CEO

annual reports

Annual report 2011

website >>

banktrack contact

Amanda Starbuck - Rainforest Action Network

Kusile coal power plant

South Africa

The Kusile coal fired power plant project is located in the province of Mpumalanga, in South Africa. With 4800MW, it will be one of the largest power plants of its kind in…

Mountain top removal coal mining

United States

Mountain top removal (MTR) mining is a form of strip mining in which coal companies use explosives to blast as much as 800 to 1000 feet off the tops of mountains order to…

check dodgy deals on record

headquarters

100 North Tryon Street
28255 Charlotte, NC
United States

supervisor

The Federal Reserve

CEO/chair

Brian T. Moynihan
CEO

annual reports

Annual report 2011

website >>

banktrack contact

Amanda Starbuck - Rainforest Action Network

BankTrack has identified controversial issues with the companies listed below that require attention from Bank of America.

Arch Coal

United States

Arch Coal's proposed Adkins Fork mountaintop removal mine would have major negative historic preservation impacts. The mine would destroy the heart of the Blair Mountain…

Areva

France

If you imagine the global nuclear industry as a giant web, AREVA is the fat, radioactive spider at its centre, greedily looking for new prey. It has manufacturing facilities…

Coal India

India

Coal India Limited (Coal India) is the biggest coal producer worldwide, owned by the government of India (see paragraph 3.9). At the end of March 2010, Coal India operated…

E.on

Germany

E.ON is a German electricity company headquartered in Düsseldorf and is one of the big global players in energy production. E.ON operates along the entire value chain…

EDF

France

Like its rival and fellow French multinational AREVA, Électricité de France (EDF) is one of the biggest players in the global energy game. In fact, with more…

Elbit Systems

Israel

Elbit Systems is a military equipment producer with a focus on defense electronics such as intelligence gathering systems. It was established in 1967 and is headquartered…

Enel

Italy

As Italy's largest power company and Europe's second largest according to its generating capacity, Enel is another one of the titans of the energy industry. Its interests…

GDF Suez and International Power

France

Recently, two big European electricity utilities, GDF Suez and International Power, have signed a memorandum of understanding to establish the largest independent electricity…

L-3 Communications

United States

L-3 Communications Corporation is a leading supplier of a broad range of products and services used in a substantial number of aerospace and defence platforms. L-3 Communications'…

Lockheed Martin

United States

Lockheed Martin is a global security company that is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology…

National Thermal Power Corporation (NTPC)

India

National Thermal Power Corporation (NTPC) are the largest electricity producer in India. Their total installed capacity, including that under joint ventures, is close to…

RWE

Germany

Europe's second largest electricity generator and one of Europe's five leading gas and electricity companies. Founded in 1898, the company has grown to supply electricity…

Textron

United States

Textron is a multi-industry company, consisting of numerous subsidiaries and operating units. One subsidiary is Textron Systems, which is active in the defence, homeland…

Veolia Environment

France

Veolia is a multi-national French company that operates on a global scale. The company's main areas of operation include: water supply and water management, waste management,…

check company profiles on record

headquarters

100 North Tryon Street
28255 Charlotte, NC
United States

supervisor

The Federal Reserve

CEO/chair

Brian T. Moynihan
CEO

annual reports

Annual report 2011

website >>

banktrack contact

Amanda Starbuck - Rainforest Action Network

	= dodgy deal
	= company profile

headquarters

100 North Tryon Street
28255 Charlotte, NC
United States

supervisor

The Federal Reserve

CEO/chair

Brian T. Moynihan
CEO

annual reports

Annual report 2011

website >>

banktrack contact

Amanda Starbuck - Rainforest Action Network

2013 2012 2011 2010 2009 2008 2007

internal

US banks risk public health and climate by financing coal

May 01, 2012 | Rainforest Action Network

Today Rainforest Action Network, BankTrack and the Sierra Club released the Coal Finance Report Card 2012, their third annual…

Don’t bank on the bomb

Mar 05, 2012 | ICAN

A groundbreaking report released today by ICAN identifies more than 300 banks, pension funds, insurance companies and asset…

external

BankTrack not satisfied with new draft of Equator Principles

Oct 17, 2012 | Social Funds

Equator Principles goes beyond project finance, improves transparency

Aug 13, 2012 | Christopher Cundy | Environmental Finance

Greenwash This: Dumping 500 lbs of Coal at Bank of America

Jun 22, 2012 | Todd Zimmer, RAN | RAN understory blog

Bank of America: Strong on Rhetoric, Weak on Climate & Coal

Jun 11, 2012 | Amanda Starbuck, RAN | RAN understory blog

Protesters assail BofA mortgage practices

May 09, 2012 | Rick Rothacker | Reuters

Protesters, Shareholders Neutralized as Bank of America CEO Collects Millions

May 09, 2012 | Protesters, Shareholders Neutralized as Bank of America CEO Collects Millions | The Nation

Environmental groups rate banks based on support of coal

May 01, 2012 | Taylor Kuykendall | The State journal

internal

Bankrolling Climate Change

Nov 30, 2011 | urgewald, Earthlife, BankTrack and groundWork

Today, the German environment organisation urgewald, the South African social and environmental justice organisations groundWork…

Eight arrested during protest at Bank of America headquarters

Nov 15, 2011 | Rainforest Action Network

Today, eight people were arrested protesting Bank of America's reckless financing practices, including the banks role as…

BankTrack to Equator Principles banks; ‘get the Outside Job done’

Oct 23, 2011 | BankTrack

BankTrack, the global NGO network monitoring private sector bank operations, calls upon the Equator Principles Financial…

As occupy Wall Street gains momentum, an effort to close consumer accounts from Bank of America is launched

Oct 10, 2011 | Rainforest Action Network

Bank customers around the country have an opportunity to show their discontent with the big banks by pledging to close their…

New report card exposes largest financers of mountaintop removal coal mining

Apr 05, 2011 | Rainforest Action Network

A new report card issued today by Rainforest Action Network and the Sierra Club ranks ten of the world's largest banks on…

Son of Equatorial Guinea’s dictator plans one of world’s most expensive yachts

Feb 28, 2011 | Global Witness

Global Witness has learned that Teodorin Obiang, the notorious son of Equatorial Guinea's long-ruling dictator, commissioned…

New report finds bank Carbon Principles did not curb financing of coal

Jan 21, 2011 | Rainforest Action Network

Today Rainforest Action Network (RAN) released, 'The Principle Matter; Banks, Climate and The Carbon Principles', a new…

internal

New rules for Equator Principles, but no new commitments from banks

Jul 01, 2010 | BankTrack

The new governance rules for the Equator Principles that are adopted today by the Equator Principles Association may improve…

New report card, largest financers of Mountaintop Removal coal mining

May 13, 2010 | Rainforest Action Network

A new report card issued by Rainforest Action Network, the Sierra Club and BankTrack ranks nine of the largest banks backing…

BankTrack calls upon banks to Close the Gap on investment policies

Apr 27, 2010 | BankTrack

BankTrack, the international NGO network monitoring the banking sector, today presents Close the Gap, an extensive research…

Top financial institutions invest over US$43 billion in producers of cluster bombs

Apr 14, 2010 | Netwerk Vlaanderen/ IKV PaxChristi

Almost a year and a half after the historic signing of the Convention on Cluster Munitions (CCM) in Oslo in December 2008,…

Equator Principles: Action, not words needed

Mar 15, 2010 | BankTrack

BankTrack, the international NGO network monitoring commercial bank operations, today welcomes the take over by Citi of…

Civil society organizations demand reform of World Bank Group lending to private corporations

Mar 11, 2010 | Ciel/ International Accountability Project, CRBM

Today, nearly 100 civil society organizations from 38 countries are demanding that World Bank Group lending to private corporations…

28 countries accused of facilitating money laundering … but key offenders missing

Feb 18, 2010 | Global Witness

An international financial crime watchdog has named and shamed countries that are failing to stop dirty money entering…

Senate shines welcome spotlight on U.S. facilitation of corruption

Feb 03, 2010 | Global Witness

A U.S senate subcommittee hearing this week will expose how foreign politicians have used the services of American lawyers,…

Civil society groups call for bold steps forward with Equator Principles

Jan 14, 2010 | BankTrack

Close to a hundred civil society organisations from more than 25 countries* today sent an open letter to all banks and financial…

headquarters

100 North Tryon Street
28255 Charlotte, NC
United States

supervisor

The Federal Reserve

CEO/chair

Brian T. Moynihan
CEO

annual reports

Annual report 2011

website >>

banktrack contact

Amanda Starbuck - Rainforest Action Network

our publications

Worldwide Investments in Cluster Munitions - June 2012 update

A shared responsibility

Jun 10, 2012 | FairFin and IKV Pax Christi

Coal Finance Report Card 2012

May 01, 2012 | Rainforest Action Network

Bank of America: Risking Public Health and the Climate

Nov 15, 2011 | Rainforest Action Network

The Outside Job

Turning the Equator Principles towards people and planet

Oct 23, 2011 | BankTrack

Policy and practice. 2011 report card on banks and mountaintop removal

Apr 05, 2011 | Rainforest Action Network, Sierra Club

Executive summary

The Principle Matter - Banks, climate and the Carbon Principles

Jan 21, 2011 | Rainforest Action Network

Policy and Practice, report card on banks and mountaintop removal

May 13, 2010 | Rainforest Action Network

Close the Gap

Apr 27, 2010 | BankTrack

Benchmarking investment policies of international banks

The Secret Life of a Shopaholic: How an African dictator's playboy son went on a multi-million dollar shopping spree in the US

Nov 17, 2009 | Global Witness

The report explains how, despite the ample evidence against him, the investigation is going nowhere and Teodorin continues…

Worldwide investments in CLUSTER MUNITIONS, a shared responsibility

Oct 01, 2009 | Netwerk Vlaanderen, et. al.

Report on financial institutions’ investment in companies that develop or produce cluster munitions..

Meek Principles for a Tough Climate; Why the Climate and Carbon Principles will not stop the melting of the ice

Mar 01, 2009 | BankTrack

The biggest cause of climate change: Coal-fired power plants

Oct 24, 2007 | Rainforest Action Network (RAN)

Brief paper on financing behind coal companies in the US

correspondence

2012 2010

Letter from BankTrack et al. to various financial institutions on APP

Nov 06, 2012 | BankTrack et al.

Letter from Equator Principles steering cie to BanktTack on EPFI review process

Dec 21, 2010 | Equator Principles steering cie

Letter from BankTrack to EPFIs on issues around Equator Principles Review process

Dec 18, 2010 | BankTrack

Issues around Equator Principles Review process

Letter from EPFI Association to International Finance Corporation on Phase II Consultation of IFC Performance Standards

Jul 28, 2010 | EPFI Association

Letter from RAN, Sierra Club, BankTrack to Bank of America on Mountaintop Removal

Apr 15, 2010 | RAN, Sierra Club, BankTrack

Request for information about mountaintop removal policy

Letter from Equator Principles Financial Insititutions to BankTrack on EPFI meeting Switzerland

Mar 29, 2010 | Equator Principles Financial Insititutions

Letter from BankTrack to Equator Principles Financial Institutions on stocktaking of Zuerich meeting

Feb 11, 2010 | BankTrack

csr policies

Forest lending policy

May 19, 2009 | BoA

Forest lending policy- found at BoA website at May 19 2009

Climate policy principles

Apr 16, 2009 | Bank of America

short description of climate policy

Forests Practices — Global Corporate Investment Bank Policy

Apr 16, 2009 | Bank of America

Forest certification

Apr 16, 2009 | Bank of America

fundamental components of certification standards according to BoA

Coal Policy

Dec 01, 2008 | Bank of America

Utility portfolio emission reduction methodology

Jun 01, 2007 | Bank of America

Bank of America Climate Change Position

Jan 01, 2004 | Bank of America

ngo documents

Bond and loan deals between Bank of America and publicly traded MTR companies

Jan 19, 2012 | RAN

a summary of deals between Bank of America and top MTR companies in the past 2 years

Bond and loan deals between Bank of America and publicly traded MTR companies

Jan 19, 2012 | RAN

a summary of deals between Bank of America and top MTR companies in the past 2 years

Bond and loan deals between Bank of America and publicly traded MTR companies

Jan 19, 2012 | RAN

a summary of deals between Bank of America and top MTR companies in the past 2 years

Corporate governance and climate change: the banking sector

Jan 11, 2008 | Ceres

The report ranks 40 banks based on their climate change strategies

Profiles of U.S. Banks

Jan 11, 2008 | Ceres

from Ceres report: Corporate Governance and Climate Change: The Banking Sector