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2021-02-24 00:00:00
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Created before Nov 2016
Last update: 2021-02-02 00:00:00

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Bank of America head office Charlotte NC. Photo: jbarreiros via Wikimedia Commons (CC-BY-SA 2.0)

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.

Website http://www.bankofamerica.com
Headquarters
100 North Tryon Street
28255 Charlotte, NC
United States
CEO/chair Brian T. Moynihan
CEO
Supervisor
Federal Reserve
Annual report Annual report 2019
Ownership
listed on NYSE & Tokyo Stock Exchange

Bank of America's shareholder structure can be accessed here.

Related Dodgy Deals

Bank Of America has been linked to the following "Dodgy Deals", e.g. as a current or past financier or through an expression of interest. Find out more about dodgy deals here. See the project or company profile for more details on the nature of the bank's link to the Dodgy Deal.

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Policy Assessments

Banks, climate and energy

Bank policy scores on fossil fuel financing

BankLast update
Country
Details
Laggard
Follower
Front runner
Leader
Bank of America
2020-03-01
USA
6
7000000000
0
United States
Profile
Laggard
6
Follower
Front runner
Leader
1583017200
Last update: 2020-03-01
Explanation

Total: 6 points out of 200

1.5 points out of 120 for oil and gas policy.

4.5 points out of 80 for coal policy.

See: Banking on Climate Change - policy scores

Explanation

A bank can obtain a total of 200 policy points for its overall fossil fuel policies; 120 possible points for oil and gas policies and 80 possible points for coal policies. Based on this score banks are then classified as laggards (0-50 points), followers (50.5-100 points), front runners (100.5-150 points) or leaders (150.5-200 points).

For more details see this page.

Bank policy scores on fossil fuel expansion

BankLast update
Country
Details
Laggard
Follower
Front runner
Leader
Bank of America
2020-03-01
USA
2
3000000000
0
United States
Profile
Laggard
2
Follower
Front runner
Leader
1583017200
Last update: 2020-03-01
Explanation

Total: 2 points out of 89

2 points for a weak exclusion of coal power projects: Bank of America prohibits direct financing for "the construction of new coal-fired power plants in developed countries, unless those facilities employ technology that is focused on complete or near elimination of atmospheric carbon emissions, such as carbon capture technology." In developing countries, Bank of America conducts enhanced due diligence for coal power projects.

See: Banking on Climate Change - policy scores

Relevant policies
csr policiesprivate
2019-10-23 00:00:00

Environmental and social risk policy framework out of date

2019-10-23 00:00:00
Explanation

The scores for a bank's policies restricting expansion of fossil fuels - in each area, prohibitions against financing projects and/or companies expanding that area - are aggregated into a fossil fuel expansion policy score.

The point-based policy ranking for fossil fuel expansion consists of the following distribution:

  • Coal mining: 14 points​
  • Coal power: 14 points
  • Other coal: 7 points
  • Tar sands: 9 points
  • Arctic oil and gas: 9 points
  • Offshore oil and gas: 9 points
  • Fracked oil and gas: 9 points
  • LNG: 9 points
  • Other oil and gas: 9 points

A bank can obtain a total of 89 policy points for its fossil fuel expansion policy. Based on this score, banks are then classified as laggards (0-22.25 points), followers (22.25-44.5 points), front runners (44.5-66.75 points) or leaders (66.75-89 points).

For more details see this page.

Bank policy scores on oil and gas financing

BankLast update
Country
Details
Laggard
Follower
Front runner
Leader
Bank of America
2020-03-01
USA
1.5
2500000000
0
United States
Profile
Laggard
1.5
Follower
Front runner
Leader
1583017200
Last update: 2020-03-01
Explanation

Total: 1.5 points out of 120

0.5 point out of 20 for tar sands policy: see here.

0.5 point out of 20 for Arctic oil and gas policy: see here.

0.5 point out of 20 for other/conventional oil and gas: see here.

See: Banking on Climate Change - policy scores

Explanation

For each of the six subsectors, 20 possible policy points can be obtained, so a bank can obtain a total of 120 policy points for its oil and gas policies. Based on this score banks are then classified as laggards (0-30 points), followers (30.5-60 points), front runners (60.5-90 points) or leaders (90.5-120 points).

For more details see this page.

Bank policy scores on tar sands

BankLast update
Country
Details
Laggard
Follower
Front runner
Leader
Bank of America
2020-03-01
USA
0.5
1500000000
0
United States
Profile
Laggard
0.5
Follower
Front runner
Leader
1583017200
Last update: 2020-03-01
Explanation

Total: 0.5 point out of 20

0.5 point for enhanced due diligence regarding tar sands companies: Bank of America conducts enhanced due diligence "on all relationships with companies that are focused on oil sands extraction."

See: Banking on Climate Change - policy scores

Relevant policies
csr policiesprivate
2019-10-23 00:00:00

Environmental and social risk policy framework out of date

2019-10-23 00:00:00
Explanation

The point-based policy ranking above assesses bank policies in four ways:

 1) Restriction on direct financing for tar sands projects.

  • None (0), weak exclusion (1.5), moderate exclusion (3), strong exclusion (4)

2) Restriction on financing for companies that expand tar sands.

  • None (0), weak exclusion (3), strong exclusion (5)

3) The bank’s commitment to phase-out financing for tar sands.

  • None (0), reduction (1.5), weak phase-out (3), strong phase-out (5)

4) The bank’s commitment to exclude companies active in tar sands above a certain threshold.

  • None (0), enhanced due diligence (0.5), weak exclusion threshold (2), strong exclusion threshold (5), full exclusion (6)

A bank can obtain a total of 20 policy points for its tar sands policy. Based on this score banks are then classified as laggards (0-5 points), followers (5.5-10 points), front runners (10.5-15 points) or leaders (15.5-20 points). 

For more details see this page.

Bank policy scores on Arctic oil and gas

BankLast update
Country
Details
Laggard
Follower
Front runner
Leader
Bank of America
2020-03-01
USA
0.5
1500000000
0
United States
Profile
Laggard
0.5
Follower
Front runner
Leader
1583017200
Last update: 2020-03-01
Explanation

Total: 0.5 point out of 20

0.5 point for enhanced due diligence regarding Arctic oil and gas companies: Bank of America conducts enhanced due diligence for "any transactions where the majority use of proceeds is identified as supporting petroleum exploration or production activities in the Arctic."

See: Banking on Climate Change - policy scores

Relevant policies
csr policiesprivate
2019-10-23 00:00:00

Environmental and social risk policy framework out of date

2019-10-23 00:00:00
Explanation

The point-based policy ranking assesses bank policies in four ways:

1) Restriction on direct financing for Arctic oil and gas projects.

  • None (0), weak exclusion (1.5), moderate exclusion (3), strong exclusion (4)

2) Restriction on financing for companies that expand Arctic oil and gas. 

  • None (0), weak exclusion (3), strong exclusion (5)

3) The bank’s commitment to phase-out financing for Arctic oil and gas.

  • None (0), reduction (1.5), weak phase-out (3), strong phase-out (5)

4) The bank’s commitment to exclude companies active in Arctic oil and gas above a certain threshold.

  • None (0), enhanced due diligence (0.5), weak exclusion threshold (2), strong exclusion threshold (5), full exclusion (6)

A bank can obtain a total of 20 policy points for its Arctic oil and gas policy. Based on this score banks are then classified as laggards (0-5 points), followers (5.5-10 points), front runners (10.5-15 points) or leaders (15.5-20 points).

For more details see this page.

Bank policy scores on offshore oil and gas

BankLast update
Country
Details
Laggard
Follower
Front runner
Leader
Bank of America
2020-03-01
USA
0
1000000000
0
United States
Profile
Laggard
0
Follower
Front runner
Leader
1583017200
Last update: 2020-03-01
Explanation

Total: 0 points out of 20

See: Banking on Climate Change - policy scores

Explanation

The point-based policy ranking assesses bank policies in four ways:

1) Restriction on direct financing for offshore oil and gas projects.

  • None (0), weak exclusion (1.5), strong exclusion (4)

2) Restriction on financing for companies that expand offshore oil and gas.

  • None (0), weak exclusion (3), strong exclusion (5)

3) The bank’s commitment to phase-out financing for offshore oil and gas.

  • None (0), reduction (1.5), weak phase-out (3), strong phase-out (5)

4) The bank’s commitment to exclude companies active in offshore oil and gas above a certain threshold.

  • None (0), enhanced due diligence (0.5), weak exclusion threshold (2), strong exclusion threshold (5), full exclusion (6)

A bank can obtain a total of 20 policy points for its offshore oil and gas policy. Based on this score banks are then classified as laggards (0-5 points), followers (5.5-10 points), front runners (10.5-15 points) or leaders (15.5-20 points).

For more details see this page.

Bank policy scores on fracked oil and gas

BankLast update
Country
Details
Laggard
Follower
Front runner
Leader
Bank of America
2020-03-01
USA
0
1000000000
0
United States
Profile
Laggard
0
Follower
Front runner
Leader
1583017200
Last update: 2020-03-01
Explanation

Total: 0 points out of 20

See: Banking on Climate Change - policy scores

Explanation

The point-based policy ranking assesses bank policies in four ways:

1) Restriction on direct financing for fracked oil and gas projects.

  • None (0), weak exclusion (1.5), moderate exclusion (3), strong exclusion (4)

2) Restriction on financing for companies that expand oil and gas fracking.

  • None (0), weak exclusion (3), strong exclusion (5)

3) The bank’s commitment to phase-out financing for oil and gas fracking.

  • None (0), reduction (1.5), weak phase-out (3), strong phase-out (5)

4) The bank’s commitment to exclude companies active in oil and gas fracking above a certain threshold.

  • None (0), enhanced due diligence (0.5), weak exclusion threshold (2), strong exclusion threshold (5), full exclusion (6)

A bank can obtain a total of 20 policy points for its fracking policy. Based on this score banks are then classified as laggards (0-5 points), followers (5.5-10 points), front runners (10.5-15 points) or leaders (15.5-20 points).

For more details see this page.

Bank policy scores on LNG

BankLast update
Country
Details
Laggard
Follower
Front runner
Leader
Bank of America
2020-03-01
USA
0
1000000000
0
United States
Profile
Laggard
0
Follower
Front runner
Leader
1583017200
Last update: 2020-03-01
Explanation

Total: 0 points out of 20

See: Banking on Climate Change - policy scores

Explanation

The point-based policy ranking assesses bank policies in four ways:

1) Restriction on direct financing for LNG projects.

  • None (0), weak exclusion (1.5), strong exclusion (4)

2) Restriction on financing for companies that expand LNG.

  • None (0), weak exclusion (3), strong exclusion (5)

3) The bank’s commitment to phase-out financing for LNG.

  • None (0), reduction (1.5), weak phase-out (3), strong phase-out (5)

4) The bank’s commitment to exclude companies active in LNG above a certain threshold.

  • None (0), enhanced due diligence (0.5), weak exclusion threshold (2), strong exclusion threshold (5), full exclusion (6)

A bank can obtain a total of 20 policy points for its LNG policy. Based on this score banks are then classified as laggards (0-5 points), followers (5.5-10 points), front runners (10.5-15 points) or leaders (15.5-20 points).

For more details see this page.

Bank policy scores on other/conventional oil and gas

BankLast update
Country
Details
Laggard
Follower
Front runner
Leader
Bank of America
2020-03-01
USA
0.5
1500000000
0
United States
Profile
Laggard
0.5
Follower
Front runner
Leader
1583017200
Last update: 2020-03-01
Explanation

Total: 0.5 point out of 20

0.5 point for enhanced due diligence/Equator Principles commitment regarding other/conventional oil and gas companies: Bank of America is a signatory to the Equator Principles.

See: Banking on Climate Change - policy scores

Explanation

The point-based policy ranking assesses bank policies in four ways:

1) Restriction on direct financing for other/conventional oil and gas projects.

  • None (0), weak exclusion (1.5), strong exclusion (4)

2) Restriction on financing for companies that expand other/conventional oil and gas. 

  • None (0), weak exclusion (3), strong exclusion (5)

3) The bank’s commitment to phase-out financing for other/conventional oil and gas.

  • None (0), reduction (1.5), weak phase-out (3), strong phase-out (5)

4) The bank’s commitment to exclude companies active in other/conventional oil and gas above a certain threshold.

  • None (0), enhanced due diligence/Equator Principles commitment (0.5), weak exclusion threshold (2), strong exclusion threshold (5), full exclusion (6)

A bank can obtain a total of 20 policy points for its other/conventional oil and gas policy. Based on this score banks are then classified as laggards (0-5 points), followers (5.5-10 points), front runners (10.5-15 points) or leaders (15.5-20 points).

For more details see this page.

Bank policy scores on coal financing

BankLast update
Country
Details
Laggard
Follower
Front runner
Leader
Bank of America
2020-03-01
USA
4.5
5500000000
0
United States
Profile
Laggard
4.5
Follower
Front runner
Leader
1583017200
Last update: 2020-03-01
Explanation

Total: 4.5 points out of 80

2 points out of 32 for coal mining policy: see here.

2.5 points out of 32 for coal power policy: see here.

See: Banking on Climate Change - policy scores

Explanation

For both coal mining and coal power, 32 possible policy points can be obtained, while for other coal,16 possible policy points can be obtained. So a bank can obtain a total of 80 policy points for its coal policies. Based on this score banks are then classified as laggards (0-20 points), followers (20.5-40 points), front runners (40.5-60 points) or leaders (60.5-80 points).

For more details see this page.

Bank policy scores on coal mining

BankLast update
Country
Details
Laggard
Follower
Front runner
Leader
Bank of America
2020-03-01
USA
2
3000000000
0
United States
Profile
Laggard
2
Follower
Front runner
Leader
1583017200
Last update: 2020-03-01
Explanation

Total: 2 points out of 32

1.5 points for the commitment to reduce exposure to coal mining companies: In 2015, Bank of America has committed to reduce credit exposure "globally to companies focused on coal extraction and to divisions of diversified mining companies that are focused on coal." Now, Bank of America only states that "going forward, we will maintain our significantly reduced credit exposure to these companies."

0.5 point for enhanced due diligence regading coal mining companies: Bank of America conducts enhanced due diligence for companies involved in coal mining.

See: Banking on Climate Change - policy scores

Explanation

The point-based policy ranking assesses bank policies in four ways:

1) Restriction on direct financing for coal mining projects.

  • None (0), mountaintop removal mining exclusion (0.5), weak exclusion (2), moderate exclusion (4), strong exclusion (6)

2) Restriction on financing for companies that expand coal mining.

  • None (0), weak exclusion (4), strong exclusion (8)

3) The bank’s commitment to phase-out financing for coal mining.

  • None (0), exposure reduction (1.5), financing reduction (3), weak phase-out (4), moderate phase-out (6), strong phase-out (8)

4) The bank’s commitment to exclude companies active in coal mining above a certain threshold.

  • None (0), enhanced due diligence (0.5), weak exclusion threshold (3), moderate exclusion threshold (5), strong exclusion threshold (8), full exclusion (10)

A bank can obtain a total of 32 policy points for its coal mining policy. Based on this score banks are then classified as laggards (0-8 points), followers (8.5-16 points), front runners (16.5-24 points) or leaders (24.5-32 points).

For more details see this page.

Bank policy scores on coal power

BankLast update
Country
Details
Laggard
Follower
Front runner
Leader
Bank of America
2020-03-01
USA
2.5
3500000000
0
United States
Profile
Laggard
2.5
Follower
Front runner
Leader
1583017200
Last update: 2020-03-01
Explanation

Total: 2.5 points out of 32

2 point for a weak exclusion of coal power projects: Bank of America prohibits direct financing for "the construction of new coal-fired power plants in developed countries, unless those facilities employ technology that is focused on complete or near elimination of atmospheric carbon emissions, such as carbon capture technology."

0.5 point for enhanced due diligence regarding coal power companies: Bank of America conducts enhanced due diligence for coal power plants in developing countries.

See: Banking on Climate Change - policy scores

Relevant policies
csr policiesprivate
2019-10-23 00:00:00

Environmental and social risk policy framework out of date

2019-10-23 00:00:00
Explanation

The point-based policy ranking assesses bank policies in four ways:

1) Restriction on direct financing for coal power projects.

  • None (0), weak exclusion (2), moderate exclusion (4), strong exclusion (6)

2) Restriction on financing for companies that expand coal power.

  • None (0), weak exclusion (4), strong exclusion (8)

3) The bank’s commitment to phase-out financing for coal power.

  • None (0), proportional reduction (1), exposure reduction (1.5), financing reduction (3), weak phase-out (4), moderate phase-out (6), strong phase-out (8)

4) The bank’s commitment to exclude companies active in coal power above a certain threshold.

  • None (0), enhanced due diligence (0.5), weak exclusion threshold (3), moderate exclusion threshold (5), strong exclusion threshold (8), full exclusion (10)

A bank can obtain a total of 32 policy points for its coal power policy. Based on this score banks are then classified as laggards (0-8 points), followers (8.5-16 points), front runners (16.5-24 points) or leaders (24.5-32 points).

For more details see this page.

Bank policy scores on coal infrastructure

BankLast update
Country
Details
Laggard
Follower
Front runner
Leader
Bank of America
2020-03-01
USA
0
1000000000
0
United States
Profile
Laggard
0
Follower
Front runner
Leader
1583017200
Last update: 2020-03-01
Explanation

Total: 0 points out of 16

See: Banking on Climate Change - policy scores

Explanation

The point-based policy ranking assesses bank policies in four ways:

1) Restriction on direct financing for coal infrastructure projects.

  • None (0), weak exclusion (1), strong exclusion (3)

2) Restriction on financing for companies that expand coal infrastructure.

  • None (0), weak exclusion (2), strong exclusion (4)

3) The bank’s commitment to phase-out financing for coal infrastructure.

  • None (0), exposure reduction (1), weak phase-out (2), strong phase-out (4)

4) The bank’s commitment to exclude companies active in coal infrastructure above a certain threshold.

  • None (0), enhanced due diligence (0.5), weak exclusion threshold (2), strong exclusion threshold (4), full exclusion (5)

A bank can obtain a total of 16 policy points for its coal infrastructure policy. Based on this score banks are then classified as laggards (0-4 points), followers (4.5-8 points), front runners (8.5-12 points) or leaders (12.5-16 points)

For more details see this page.

Banks and human rights

BankTrack Human Rights Benchmark 2019

BankLast update
Country
Details
Laggard
Follower
Front runner
Leader
Bank of America
USA
100
United States
Laggard
Follower
Front runner
Leader
Explanation

Bank of America's human rights policies, processes and reporting were assessed as part of the BankTrack Human Rights Benchmark in November 2019. The bank is assessed as a Laggard, with a total score of 1.5 out of 14.

Policy: 0.5/3
Due dilligence: 1/5
Reporting: 0/3
Remedy: 0/3

For more details see this page.

Tracking the Equator Principles

EPFIs reporting status

BankLast update
Country
Details
Reporting period
PF deals under EP
Project names reported
% Project names reported
Bank of America
2020-12-22
USA
2019
2
0
0
1.000000001E+36
0
United States
Profile
Reporting period
2019
PF deals under EP
2
Project names reported
0
% Project names reported
0
1608591600
Last update: 2020-12-22
Explanation

EP reporting page: https://equator-principles.com/reporting-bank-of-america-corporation-2019/

Explanation

Project name reporting status of Equator Principles signatories for each financial institutions' most recent reporting period. 

For more details see this page.

News

| |
Type:
Year:
blog
external news
our news

Over 260 organisations call on banks not to finance Total’s East African Crude Oil Pipeline

With a final investment decision nearing, African and International organisations warn banks against joining $2.5 billion loan for a “manifestly irresponsible” project • New stopeacop.net campaign website launched.
2021-03-01 | International | BankTrack, 350.org Africa, AFIEGO, Inclusive Development International, IUCN NL
blog
external news
our news

Bank of America Announces Actions to Achieve Net Zero Greenhouse Gas Emissions before 2050

Releases 2030 Operational Goals
2021-02-11 | Bank of America
blog
external news
our news

Bank of America Sets Net-Zero Emissions Target Without Key Details To Get There

2021-02-11 | Sierra Club
blog
external news
our news

Bank of America climate announcement all future aspiration and no immediate action

2021-02-11 | Rainforest Action Network
blog
external news
our news

Bank lending to plastics industry faces scrutiny as pollution concerns mount

2021-01-07 | Reuters
blog
external news
our news

Big banks lead SBI bond despite Adani controversy

2021-01-06 | Global Capital
blog
external news
our news

The battle to stop Line 3 is heating up on the ground and across the US

Activists around the US join national day of action to end financing for tar sands pipelines like Enbridge's Line 3
2020-12-14 | Maaike Beenes – BankTrack
blog
external news
our news

Five years lost - How the finance industry is blowing the Paris carbon budget

2020-12-10 | Paris | urgewald, Center for Energy, Ecology, and Development (CEED), Friends of the Earth US, Rainforest Action Network, Re:Common, Reclaim Finance
blog
external news
our news

Bank of America says it won’t finance oil and gas exploration in the Arctic

2020-11-30 | Bloomberg
blog
external news
our news

With Bank of America Announcement, Every Major US Bank Has Ruled out Funding for Arctic Drilling

2020-11-30 | Sierra Club, Sierra Club
blog
external news
our news

Equator Banks fail communities on consultation and grievance mechanisms, new study finds

BankTrack research into nine projects financed ‘under Equator’ finds routine failures to conduct proper community consultation and a lack of effective project-level grievance mechanisms
2020-11-24 | Nijmegen | BankTrack
blog
external news
our news

Banks, insurers face pressure to stay away from Arctic drilling projects

2020-11-24 | Worldoil.com
blog
external news
our news

Brazilian and international banks financing global deforestation: Reports

2020-11-09 | Mongabay
blog
external news
our news

Barclays, HSBC and Credit Suisse among worst offenders on oil sands finance

ShareAction says Barclays has participated in 11 loan and bond deals to oil sands companies since its net zero announcement in March
2020-10-29 | London | ShareAction
blog
external news
our news

Banks lent $2.6tn linked to ecosystem and wildlife destruction in 2019 – report

Lack of policies regulating impact on natural world means finance industry effectively bankrolling biodiversity loss, analysis finds
2020-10-28 | The Guardian
blog
external news
our news

Bankrolling Extinction: The top 10 banks financing biodiversity loss

Report names HSBC, Bank of America, Mitsubishi Financial & others
2020-10-28 | portfolio.earth
blog
external news
our news

American financiers invested more than USD 18 billion in companies linked to Indigenous Rights violations in the Brazilian Amazon

2020-10-27 | Brasília, Brazil and Oakland, USA | Amazon Watch, Association of Brazil’s Indigenous Peoples (APIB)
blog
external news
our news

Oil scions rally wealthy peers to press banks on climate

2020-10-02 | Politico.com
blog
external news
our news

Western banks provide billions in backing for firms driving tuna species to collapse

2020-09-28 | Unearthed
blog
external news
our news

Fracking Fiasco: The banks that fueled the U.S. shale bust

New report names Wells Fargo and JPMorgan Chase as main players pouring big money into troubled industry
2020-09-24 | Oil Change International, Rainforest Action Network
blog
external news
our news

New BankTrack Equator Principles reporting tracking tool launched

2020-09-21 | BankTrack
blog
external news
our news

Banks funnelled over USD 150 billion into companies driving deforestation since Paris Agreement, new data analysis shows

First-ever database reveals true scope of financing of forest-risk commodity companies, amidst global rainforest fires
2020-09-01 | San Francisco | BankTrack, Forests & Finance, Rainforest Action Network
blog
external news
our news

US banks are getting the message: Arctic drilling is bad business

2020-08-20 | Ben Cushing, Sierra Club
blog
external news
our news

Could financial sector vigilance have avoided Vizag gas leak?

India must make Environment, Social and Governance accountability mandatory so that lenders are responsible towards tax payers
2020-07-01 | Shreya Kaushik, Fair Finance India
blog
external news
our news

Corporate Backers of the Blue: How Corporations Bankroll U.S. Police Foundations

2020-06-18 | LittleSis
blog
external news
our news

Major blow to Keystone XL pipeline as judge revokes key permit

Campaigners welcomed Wednesday’s ruling as a victory for tribal rights and environmental protection
2020-04-16 | The Guardian
blog
external news
our news

Stop the Money Pipeline: Private banks owning oil companies is a recipe for disaster

2020-04-10 | New York | Stop the Money Pipeline
blog
external news
our news

Reckless Keystone XL decision by TC Energy endorsed by JPMorgan Chase, Citi and Canadian peers

Big banks lead multi-billion dollar bond issuances days after company pushes pipeline forward amid global pandemic
2020-04-03 | San Francisco | 350 Seattle, Amazon Watch, Indigenous Environmental Network, Rainforest Action Network
blog
external news
our news

Global finance sector failing to apply conservation criteria to pulp and paper funding

2020-03-21 | New York/Amsterdam | Environmental Paper Network
blog
external news
our news

Four US banks are the world's largest fossil fuel financers: analysis

2020-03-18 | The Hill
blog
external news
our news

Banking on Climate Change – Fossil Fuel Finance Report Card 2020

New report reveals global banks funneled USD 2.7 trillion into fossil fuels Since Paris Climate Agreement, with financing on the rise each year 
2020-03-18 | Nijmegen | BankTrack, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Reclaim Finance, Sierra Club
blog
external news
our news

Pobladores/as se toman terrenos de Forestal Arauco en Laraquete

2020-03-12 | Resumen.cl
blog
external news
our news

Big businesses face pressure to avoid investing in areas Trump wants to develop

A dozen-and-a-half senators wrote letters to 11 of the largest U.S. banks asking them to back down from financing any oil and gas activity in an unspoiled expanse of Arctic wilderness.
2020-02-03 | The Washington Post
blog
external news
our news

Davos financial players pump US$1.4 trillion into fossil fuels: new Greenpeace report

Banks, insurers and pension funds are as culpable for the climate emergency as the fossil fuel industry - especially those at the World Economic Forum Annual Meeting
2020-01-21 | Greenpeace
blog
external news
our news

Bank of America, Goldman and SocGen singled out for ‘human rights failings’

Pressure group says four out of five banks are ‘failing’ on human rights — though Citi, Barclays and Dutch bank ABN Amro win praise
2019-11-26 | Financial News
blog
external news
our news

4 out of 5 banks failing on human rights, new BankTrack Human Rights Benchmark shows

Lloyds, Bank of America, Goldman Sachs and Société Générale among the poorest performers in BankTrack ranking, alongside Canadian and Chinese banks
2019-11-26 | BankTrack
blog
external news
our news

Saudi Aramco IPO: climate change fears cause banks to miss out on millions in fees

2019-11-21 | The Independent
blog
external news
our news

Failure of Aramco IPO gives a black eye to bank CEOs and a warning to investors

2019-11-20 | London, UK | BankTrack, 350.org, Earthworks, Friends of the Earth US, Global Witness, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, ShareAction, Sierra Club
blog
external news
our news

Banks set to cash in on the Saudi Aramco IPO want you to know they’re still serious about climate change

2019-11-14 | Fortune
blog
external news
our news

Western banks funding Saudi Aramco IPO betraying climate change promises

2019-11-05 | Newsweek
blog
external news
our news

Banks warned over Saudi Aramco by environmental groups

2019-10-17 | The Guardian
blog
external news
our news

Environmental groups warn banks against climate and human rights implications of underwriting Saudi Aramco offering

2019-10-17 | Nijmegen, the Netherlands
blog
external news
our news

Top investment banks provide billions to expand fossil fuel industry

2019-10-13 | The Guardian
blog
external news
our news

Money to burn

More than 300 banks and investors back six of the world’s most harmful agribusinesses to the tune of $44bn
2019-09-23 | Global Witness
blog
external news
our news

Revealed: major banks and investors including Barclays, JPMorgan Chase, Goldman Sachs, Morgan Stanley, BlackRock are pouring money into global forest destruction

New investigation by Global Witness uncovers for the first time a truly global picture of major financial players driving $44 billion into companies directly or indirectly involved in deforestation in the Brazilian Amazon, the Congo Basin and Papua New Guinea.
2019-09-23 | Global Witness
blog
external news
our news

Rio Grande Valley: Big banks urged not to back high risk fracked-gas export terminals

2019-08-14 | BankTrack
blog
external news
our news

Bank of America Will Stop Lending to Private-Prison Firms

2019-06-27 | Bloomberg
blog
external news
our news

BankTrack 2019 Human Rights Benchmark: criteria and scope announced

2019-06-25 | Nijmegen | BankTrack
blog
external news
our news

US banks pledged to fund renewable energy, but they still spend way more on fossil fuels

2019-03-28 | Mother Jones
blog
external news
our news

RWE plans destruction of ancient German forest

Top bankers of Europe's biggest CO2 emitter revealed in Fossil Fuel Finance Report Card 2019
2019-03-21 | Greig Aitken – BankTrack
blog
external news
our news

Global Banks, Led by JPMorgan Chase, Invested $1.9 Trillion in Fossil Fuels Since Paris Climate Pact

2019-03-20 | Desmogblog.com
blog
external news
our news

Banking on Climate Change – Fossil Fuel Finance Report Card 2019

World's top banks have poured $1.9 trillion into fossil fuel financing since the Paris Agreement was adopted, with financing on the rise each year
2019-03-20 | Nijmegen, the Netherlands | BankTrack, Honor the Earth, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Sierra Club
blog
external news
our news

Every two weeks a bank, insurer or lender announces new coal restrictions

Major financial institutions restricting coal funding tops 100
2019-02-27 | IEEFA
blog
external news
our news

Six Billion Reasons to Go After the Banks

The case for legal action against the big banks that created and profited from Puerto Rico’s debt crisis
2019-02-20 | Public Accountability Initiative
blog
external news
our news

Banks massively financing fossil fuels unclear about future of ... fossil fuels

Few banks acknowledge relation between fossil fuels and climate breakdown
2018-12-20 | Nijmegen
blog
external news
our news

Gwich’in Leaders travel to New York to tell banks: Defend the Arctic Refuge

2018-10-29 | Bernadette Demientieff
blog
external news
our news

Alaska Natives Call on Banks to Protect the Arctic National Wildlife Refuge From Drilling

2018-10-26 | Earther
blog
external news
our news

New coal report finds troubling loopholes in existing bank policies

Analysis shows broad compliance with credit exposure reduction commitments – but six biggest US banks still increased coal financing In 2017
2018-08-16 | Rainforest Action Network
blog
external news
our news

USA: Govt. contractors accused of profiting from separation & detention of migrant & asylum seeking families

2018-07-25 | Business-humanrights.org
blog
external news
our news

U.S. court order stops some work on Mountain Valley natural gas pipeline in West Virginia

2018-06-25 | Reuters
blog
external news
our news

Big Banks Face Fossil Fuel Resistance at Annual Meetings

Guest blog by Ben Cushing, Campaign Representative Beyond Dirty Fuels
2018-06-07 | Ben Cushing, Sierra Club
blog
external news
our news

Indofood: the perfect microcosm of how the financial system is still part of the problem

2018-05-31 | RAN
blog
external news
our news

Think the big banks have abandoned coal? Think again

2018-05-28 | The New York Times
blog
external news
our news

Atlantic Coast Pipeline Opponents Rally Outside Bank of America Shareholder Meeting in Charlotte

Crowd calls on Bank of America to drop financing for fossil fuels
2018-04-25 | United States | Sierra Club
blog
external news
our news

Bank of America leads finance for Atlantic Coast Pipeline

The abuses, risks and climate pollution of the Atlantic Coast Pipeline have a clear set of financiers, led by the nation’s largest commercial bank, Bank of America.
2018-04-18 | Oil Change International
blog
external news
our news

Report finds major banks ramped up fossil fuel financing to $115 billion in 2017

Despite 2017 being the costliest year on record for weather disasters, new report reveals that banks increased extreme fossil fuel financing last year, led by a more than doubling in lending to tar sands companies and pipelines.
2018-03-28 | Nijmegen, the Netherlands | BankTrack, Honor the Earth, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Sierra Club
blog
external news
our news

Big banks complicit in massive tar sands destruction and pollution through hundreds of billions in financing

2017-11-02 | Rainforest Action Network
blog
external news
our news

Indigenous Groups Lead Movement to Call on Banks to Drop Enbridge’s Controversial Line 3 Pipeline

Tribal Nations based in Minnesota oppose the project and the Minnesota Department of Commerce has condemned it
2017-09-21 | Minneapolis, MN | Honor the Earth, Rainforest Action Network
blog
external news
our news

Financiers of pulp and paper industry projects will cause environmental and social harm, says new report

2017-08-01 | Mandy Haggith – Environmental Paper Network
blog
external news
our news

150,000 People Representing more than $4 Billion Call on Banks to Defund Tar Sands Pipelines

2017-06-28 | Washington, DC | Divestinvest, Mazaska Talks
blog
external news
our news

28 major banks warned not to finance Trans Mountain pipeline expansion

Over 20 Indigenous and environmental groups deliver urgent letter.
2017-06-09 | BankTrack, Rainforest Action Network, others
blog
external news
our news

Banks provide billions for Dirty Diesel traders while failing to act on human rights, says new briefing

- Oil traders Trafigura and Vitol received over $100 billion in loans since 2012
- Of 26 banks contacted, not one has pressured companies over toxic fuel exports to Africa
2017-05-23 | Nijmegen | BankTrack
blog
external news
our news

The Money Behind the Mountain Valley Pipeline: Is Your Bank Financing Another Fracked-Gas Disaster?

2017-05-18 | Oil Change International
blog
external news
our news

Indigenous leaders launch new campaign to defund all four proposed tar sands pipelines

2017-05-09 | Turtle Island | Mazaska Talks
blog
external news
our news

Energy Transfer: Which banks continue to support the company behind DAPL?

2017-04-06 | Alison Kirsch - Rainforest Action Network
blog
external news
our news

Who's bankrolling TransCanada?

Banking on TransCanada means banking on Keystone XL
2017-03-24 | Alison Kirsch - Rainforest Action Network
blog
external news
our news

Standard Chartered and other major banks financing palm oil

2017-03-16 | Energy Desk Greenpeace
blog
external news
our news

Rampal financing still in the balance as double standards mount

2016-12-21 | Greig Aitken – BankTrack
blog
external news
our news

Top US and UK banks urged not to help bankroll destructive Rampal coal plant in Bangladesh

2016-12-08 | Nijmegen, the Netherlands | BankTrack
blog
external news
our news

Financing of coal industry expansion by top banks undermining Paris Agreement

2016-11-14 | Marrakech, Morocco | BankTrack, Friends of the Earth France, Market Forces, Rainforest Action Network, urgewald
blog
external news
our news

Climate Week NYC Sponsored by Banks Financing Fossil Fuel Projects

2016-09-22 | TriplePundit
blog
external news
our news

Banks sponsoring ‘Climate Week NYC’ responsible for investing billions in extreme fossil fuels

Research shows Bank of America, JPMorgan Chase, and Bank of the West (BNP Paribas) continue to play major role in funding climate change activities
2016-09-19 | San Francisco | Rainforest Action Network
blog
external news
our news

New report finds banks betting on climate change

Seventh annual bank finance Report Card reveals major banks poured hundreds of billions into extreme fossil fuels
2016-06-14 | Nijmegen, San Francisco | BankTrack, Rainforest Action Network, Sierra Club and Oil Change International
blog
external news
our news

New BankTrack Human Rights Impact Briefing: Drummond and paramilitary violence in Colombia

2016-05-25 | Nijmegen | BankTrack
blog
external news
our news

Bank of America’s Coal Policy: A Bold Challenge to U.S. Banks on Climate

2015-07-21 | Rainforest Action Network
blog
external news
our news

Bank of America annonce une réduction de ses investissements dans le charbon

2015-05-12 | Novethic
blog
external news
our news

Bank of America dumps coal mining in sweeping new policy

Bank once labeled “Bank of Coal” announces broad commitment scaling down financial involvement in coal mining globally
2015-05-07 | Charlotte, North Carolina, United States | Rainforest Action Network
blog
external news
our news

Bank of America's New Policy to Limit Credit Exposure to Coal

2015-05-06 | Reuters
blog
external news
our news

Call for banks to divest from APRIL

Social conflict and environmental destruction are rife in its operations
2014-12-10 | Nijmegen | BankTrack, Mandy Haggith – Environmental Paper Network
blog
external news
our news

Banks not yet living up to UN human rights principles, finds BankTrack

New research finds inadequate reporting on human rights impacts, and failure to establish mechanisms to allow complaints.
2014-12-02 | Geneva | BANKTRACK
blog
external news
our news

'Record year' for bank coal financing as latest UN climate warning looms

2014-10-29 | Nijmegen | BankTrack
blog
external news
our news

Coal is Poisoning the Cape Fear River

2014-05-29 | RAN blog
blog
external news
our news

“Your money is being used to fund violence and abuse of the rights of our people”

2014-05-18 | RAN
blog
external news
our news

“Stop financing the destruction of our mountains, our water and my community”

2014-05-14 | RAN
blog
external news
our news

Shareholders Press Bank of America for Coal and Climate Finance

Rainforest Action Network, Investors and Community Leaders Take Stage at ‘Bank of Coal’ Meeting
2014-05-08 | Charlotte, North Carolina, United States | Rainforest Action Network
blog
external news
our news

Did You Hear The One About The Bank That Couldn’t Count?

2014-05-07 | RAN
blog
external news
our news

CMPD prepared for large protest expected at BoA meeting

2014-05-06 | WSOC TV
blog
external news
our news

Report Finds Top Banks Moving Away From Coal: Citigroup and Barclays seen as laggards

Fifth annual coal finance report shows JPMorgan Chase and Wells Fargo end financing for mountaintop removal coal
2014-04-17 | San Francisco | Rainforest Action Network
blog
external news
our news

BankTrack calls for strengthening of Green Bond Principles

Combatting climate change needs real commitments instead of loose guidelines - Banks must urgently curb fossil fuel financing
2014-04-14 | Nijmegen | BankTrack
blog
external news
our news

Investor Summit: Bank of America puts our Climate at Risk

2014-01-29 | RAN, Banktrack
blog
external news
our news

Banking on Coal: New BankTrack Report Highlights Bank Complicity in Global Coal Mining Boom

2013-12-12 | RAN
blog
external news
our news

From Main Street to Wall Street, US banks and brands support illegal forest destruction for palm oil

International investigation names brands and investors behind commodity's boom
2013-11-21 | Washington / Jakarta | Friends of the Earth US
blog
external news
our news

Banks Move to Measure Their True Climate Impacts

2013-10-29 | RAN
blog
external news
our news

Heads Up, Big Banks: The Divestment Movement is Coming for You

2013-10-14 | RAN
blog
external news
our news

Divestors Take Their Fight to Big Banks

2013-10-10 | RAN
blog
external news
our news

Goldman and Deutsche back India Coal despite their environmental standards

2013-10-01 | The Guardian
blog
external news
our news

Coal India to Investors: What’s a Few Billion Tons of Coal Between Friends?

2013-09-24 | RAN blog
blog
external news
our news

Coal India to Investors: What’s a Few Billion Tons of Coal Between Friends?

2013-09-24 | RAN
blog
external news
our news

Regarding recent protests toward Bank of America on campus

2013-09-16 | Student Life
blog
external news
our news

Students protest Bank of America for funding coal mining

2013-09-16 | Student Life
blog
external news
our news

Is Bank of America really a corporate sustainability leader?

2013-09-16 | GreenBiz
blog
external news
our news

“Sustainable” badge for Bank of America stretches credibility of Dow Jones Sustainability Index

2013-09-13 | Nijmegen | BankTrack
blog
external news
our news

Ignoring Human Rights Abuses and Coal’s Uncertain Future, Big Banks Line Up for Piece of World’s Largest Coal Miner

2013-09-04 | Rainforest Action Network Blog
blog
external news
our news

Greenpeace and Rainforest Action Network call out Bank of America for major stake in Coal India deal

Human rights abuses and widespread deforestation overlooked while banking giant aids world’s largest coal mining company
2013-09-04 | San Francisco | Greenpeace and Rainforest Action Network
blog
external news
our news

Ignoring Human Rights Abuses and Coal’s Uncertain Future, Big Banks Line Up for Piece of World’s Largest Coal Miner

2013-09-04 | RAN
blog
external news
our news

India picks seven banks for 5 percent stake sale in Coal India: sources

2013-08-29 | Reuters
blog
external news
our news

Big banks warned to steer clear of Coal India share offer

2013-08-23 | India | Ashish Fernandes
blog
external news
our news

Bank of America’s New Corporate Social Responsibility Report Defends Business-as-Usual on Coal

2013-06-24 | RAN Understory blog
blog
external news
our news

Bank of America Meeting Dominated by Anti-Coal Activists

2013-05-09 | The Street
blog
external news
our news

Eye to Eye with Brian Moynihan

2013-05-08 | RAN
blog
external news
our news

Gearing Up for Bank of America’s Shareholder Meeting

2013-05-07 | RAN
blog
external news
our news

New Coal Finance Report Card Exposes Risk of Extreme Energy Investments

Banks pump $20 billion into coal despite U.S. coal industry decline and escalating climate impacts
2013-04-29 | San Francisco | Rainforest Action Network
blog
external news
our news

Extreme Investments: 2013 Coal Finance Report Card

2013-04-29 | RAN
blog
external news
our news

Need Not Twist Boston Arms to Pressure Bank of America

2013-03-29 | RAN
blog
external news
our news

Experts Urge Bank of America to Phase Out Coal Investments

Boston area economic, environmental and legal leaders advise BofA to shift financing away from coal based on climate and financial risks
2013-03-20 | Boston | Rainforest Action Network
blog
external news
our news

Bank of America’s Recruiters Not Welcome on Campus

2013-01-29 | RAN
blog
external news
our news

Hurricane Sandy Haunts CEOs at Economic Outlook Conference

2012-12-18 | RAN
blog
external news
our news

Equator Principles goes beyond project finance, improves transparency

2012-08-13 | Environmental Finance
blog
external news
our news

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

2012-06-22 | RAN understory blog
blog
external news
our news

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

2012-06-11 | RAN understory blog
blog
external news
our news

Banks Look to Burnish Their Images by Backing Green Technology Firms

2012-06-10 | The New York Times
blog
external news
our news

Protesters assail BofA mortgage practices

2012-05-09 | Charlotte, North Carolina, USA | Reuters
blog
external news
our news

Protesters, Shareholders Neutralized as Bank of America CEO Collects Millions

2012-05-09 | Charlotte, North Carolina, USA | The Nation
blog
external news
our news

Environmental groups rate banks based on support of coal

2012-05-01 | United States of America | The State journal
blog
external news
our news

US banks risk public health and climate by financing coal

RAN and sierra club detail the “filthy five” banks in third annual “coal Finance report rard”
2012-05-01 | San Francisco, USA | Rainforest Action Network
blog
external news
our news

Don’t bank on the bomb

2012-03-05 | Washington | ICAN
blog
external news
our news

Bankrolling Climate Change

NGOs present groundbreaking research on banks’ involvement in coal financing
2011-11-30 | Durban | urgewald, Earthlife, BankTrack and groundWork
blog
external news
our news

Banktrack says BofA and Wells Fargo are killing the climate

2011-11-30 | Durban | clclt.com
blog
external news
our news

Eight arrested during protest at Bank of America headquarters

2011-11-15 | Charlotte NC | Rainforest Action Network
blog
external news
our news

While BankTrack criticizes Equator Principles, IFC celebrates Community of Learning

2011-10-25 | Washington | prizmablog.com
blog
external news
our news

Time to Improve the Equator Principles, BankTrack Says

2011-10-24 | Washington | Social Funds
blog
external news
our news

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

Equator Principles update must lead to new Principles focused on people and planet
2011-10-23 | Washington | BankTrack
blog
external news
our news

Financiers search for sustainable future

2011-10-20 | Washington | Environmental Finance
blog
external news
our news

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

2011-10-10 | San Francisco | Rainforest Action Network
blog
external news
our news

Bank Of America, The Bank Of Coal

2011-07-28 | RAN blog
blog
external news
our news

Bank Of America’s Shirking Responsibility Statement

2011-07-21 | RAN blog
blog
external news
our news

Bank of America’s Climate Commitment Ignores the Big Picture

2011-05-18 | RAN blog
blog
external news
our news

New report card exposes largest financers of mountaintop removal coal mining

2011-04-05 | San Fransisco | Rainforest Action Network
blog
external news
our news

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

2011-02-28 | London | Global Witness
blog
external news
our news

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

Rainforest Action Network report finds implementation of the Carbon Principles lacking
2011-01-21 | San Fransisco | Rainforest Action Network
blog
external news
our news

Banks grow wary of environmental risks

2010-08-31 | NY Times
blog
external news
our news

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

New governance rules represent missed chance for Equator Principles to take bold steps forward on transparency and accountability
2010-07-01 | Nijmegen, the Netherlands | BankTrack
blog
external news
our news

New report card, largest financers of Mountaintop Removal coal mining

PNC, JPMorgan Chase and UBS receive failing grades
2010-05-13 | San Francisco | Rainforest Action Network
blog
external news
our news

BankTrack calls upon banks to Close the Gap on investment policies

New report evaluates quality of investment policies of 49 banks; more policies in place, overall quality below what is required
2010-04-27 | Nijmegen, the Netherlands | BankTrack
blog
external news
our news

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

Activists call on governments and financial institutions to stop explosive investments
2010-04-14 | Geneva, Switzerland | Netwerk Vlaanderen/ IKV PaxChristi
blog
external news
our news

Equator Principles: Action, not words needed

BankTrack calls upon Citi, new chair of Equator Principles to take bold steps forward
2010-03-15 | Nijmegen, The Netherlands | BankTrack
blog
external news
our news

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

also banks that do business with corrupt regimes have been exposed in Global Witness research
2010-02-18 | London | Global Witness
blog
external news
our news

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

Private banks facilitate banking services for dictator son
2010-02-03 | Washington DC | Global Witness
blog
external news
our news

Civil society groups call for bold steps forward with Equator Principles

Major reforms needed on transparency, accountability, implementation and climate change
2010-01-14 | Nijmegen | BankTrack
blog
external news
our news

Secret documents reveal multi-million dollar shopping spree by African dictator’s son

US authorities fail to act on evidence of corruption
2009-11-17 | London | Global Witness
blog
external news
our news

Top financial institutions still invest US$20 billion in cluster bombs

Activists call on banks and pension funds to disinvest from banned weapon
2009-10-29 | London | Netwerk Vlaanderen
blog
external news
our news

Carbon Principles and Climate Principles will not stop melting of the ice

2009-03-30 | Bonn, Nijmegen | BankTrack
blog
external news
our news

Bank of America stops funding Mountain Top Removal

Victory for Appalachia and anti-coal movement
2008-12-04 | San Fransisco | Rainforest Action Network
blog
external news
our news

Protests at shareholders meetings of Citi, Bank of America and RBS

US and UK banks find BankTrack campaigners protest against financing climate change
2008-04-23 | New York, Edinburgh, Charlotte | Rainforest Action Network
blog
external news
our news

Thousands on Streets to Protest Citi and Bank of America’s Coal Investments

climate activists tell banks to stop funding coal plants and extraction
2007-11-16 | San Francisco | Rainforest Action Network
blog
external news
our news

Activists Drape 50-Foot Banner Across From Bank of America Headquarters

Call on Bank to Stop Funding Dirty Coal
2007-10-23 | Charlotte, North Carolina | Rainforest Action Network

Documents

Type:
Year:
csr policies
2021-02-05 00:00:00

Environmental and social risk policy framework

2021-02-05 00:00:00 | Bank of America
ngo documents
2020-11-27 00:00:00

Complicity in Destruction III

2020-11-27 00:00:00 | Amazon Watch
our publications
2020-11-24 00:00:00

"Trust Us, We're Equator Banks": Part II

2020-11-24 00:00:00 | BankTrack
ngo documents
2020-10-28 00:00:00

Complicity in Destruction III

How global corporations enable the violation of indigenous peoples' rights in the Brazilian Amazon
2020-10-28 00:00:00 | Amazon Watch
ngo documents
2020-10-28 00:00:00

Bankrolling Extinction: The top 10 banks financing biodiversity loss

2020-10-28 00:00:00 | porfolio.earth
ngo documents
2020-09-24 00:00:00

Fracking Fiasco: The banks that fueled the U.S. shale bust

2020-09-24 00:00:00 | Rainforest Action Network
annual reports
2020-04-28 00:00:00

Annual report 2019

2020-04-28 00:00:00 | Bank of America
our publications
2020-03-18 00:00:00

Banking on Climate Change - Fossil Fuel Finance Report 2020

2020-03-18 00:00:00 | Rainforest Action Network, BankTrack, Indigenous Environmental Network, Oil Change International, Reclaim Finance, Sierra Club
correspondence
2019-12-10 00:00:00

Letter from BankTrack to Bank of America on the bank's progress on its fossil fuel finance since COP24

2019-12-10 00:00:00 | BankTrack
annual reports
2019-07-01 00:00:00

ESG performance data summary

2019-07-01 00:00:00 | Bank of America
csr policies
2019-06-25 00:00:00

Modern Slavery Statement 2018

2019-06-25 00:00:00 | Bank of America
ngo documents
2019-04-30 00:00:00

The Wall Street Banks Still Financing Private Prisons

2019 Data Brief
2019-04-30 00:00:00 | ITPI, Public Accountability Initiative, Center for Popular Deocracy
our publications
2019-04-25 00:00:00

Annual General Meeting Shareholder Briefing Bank of America

2019-04-25 00:00:00 | BankTrack
csr policies
2019-04-18 00:00:00

Human Rights Statement

2019-04-18 00:00:00 | Bank of America
csr policies
2019-04-18 00:00:00

Coal Policy

2019-04-18 00:00:00 | Bank Of America
annual reports
2019-03-15 00:00:00

Annual report 2018

2019-03-15 00:00:00 | Bank of America
correspondence
2018-10-16 00:00:00

Letter from BankTrack and 120 organisations to Bank of America on Demands FBNT campaign

2018-10-16 00:00:00 | BankTrack and 120 organisations
ngo documents
2018-08-31 00:00:00

Banking on coal mining

U.S. banks’ performance against their policies since 2015
2018-08-31 00:00:00 | Rainforest Action Network
annual reports
2018-03-04 00:00:00

Annual Report 2017

2018-03-04 00:00:00 | Bank of America
ngo documents
2018-02-28 00:00:00

How banks contribute to human rights violations: responses to the Business & Human Rights Resource Centre

2018-02-28 00:00:00 | Business & Human Rights Resource Centre
csr policies
2018-02-02 00:00:00

Anti-money laundering questionnaire

2018-02-02 00:00:00 | Bank of America
csr policies
2018-01-03 00:00:00

Vendor code of conduct

2018-01-03 00:00:00 | Bank of America
ngo documents
2017-11-30 00:00:00

Major international banks continue to finance palm oil company Indofood despite evidence of systemic labor abuses

Forest & Finance Briefing
2017-11-30 00:00:00 | RAN, TuK Indonesia & Profundo
ngo documents
2017-11-30 00:00:00

The human cost of conflict palm oil - revisited

How PepsiCo, Banks and the Roundtable on Sustainable Palm Oil perpetuate Indofood's worker exploitation
2017-11-30 00:00:00 | RAN, OPPUK & International Labor Rights Forum
correspondence
2017-06-06 00:00:00

Letter from RAN and 13 others to 14 banks that underwrote Kinder Morgan Canada IPO on warning to finance the IPO

2017-06-06 00:00:00 | Rainforest Action Network et al
annual reports
2017-05-17 00:00:00

Annual Report 2016

2017-05-17 00:00:00 | Bank of America
annual reports
2017-05-16 00:00:00

Environmental, Social and Governance Report 2016

2017-05-16 00:00:00 | Bank of America
ngo documents
2017-01-17 00:00:00

Dirty Bankers

How HSBC is financing forest destruction for palm oil
2017-01-17 00:00:00 | Greenpeace
csr policies
2016-12-31 00:00:00

Developing countries lending criteria

2016-12-31 00:00:00 | Bank of America
correspondence
2016-12-08 00:00:00

Letter from 53 organisations to 5 banks on Exim India bonds

2016-12-08 00:00:00 | 53 organisations
csr policies
2016-11-27 00:00:00

Environmental and Social Risk Policy Framework

2016-11-27 00:00:00 | Bank of America
csr policies
2016-10-28 00:00:00

Paper Procurement Policy

2016-10-28 00:00:00 | Bank of America
csr policies
2016-10-28 00:00:00

Position on Forest Certification

2016-10-28 00:00:00 | Bank of America
csr policies
2016-10-28 00:00:00

Forests Practices Policy

2016-10-28 00:00:00 | Bank of America
our publications
2016-06-30 00:00:00

Banking with Principles? Second Edition June 2016

Benchmarking Banks against the UN Guiding Principles on Business and Human Rights
2016-06-30 00:00:00 | BankTrack
our publications
2016-06-14 00:00:00

Shorting the Climate

Fossil Fuel Finance Report Card 2016
2016-06-14 00:00:00 | BankTrack, Rainforest Action Network, Sierra Club and Oil Change International
our publications
2016-06-02 00:00:00

Green Paper, Red Lines

Requirements for pulp and paper industry finance
2016-06-02 00:00:00 | BankTrack, Environmental Paper Network
our publications
2016-05-25 00:00:00

Human Rights Impact Briefing #2: Drummond and paramilitary violence in Colombia

2016-05-25 00:00:00 | BankTrack
annual reports
2016-03-11 00:00:00

Annual Report 2015

2016-03-11 00:00:00 | Bank of America
bank documents
2015-12-09 00:00:00

Financing for a sustainable future

Estimating the environmental benefits of Bank of America's Environmental Business Initiative
2015-12-09 00:00:00 | Ernst & Young
annual reports
2015-09-23 00:00:00

Corporate Social Responsibility Report 2014

2015-09-23 00:00:00 | Bank of America
our publications
2015-05-04 00:00:00

The end of coal?

2015 Coal Finance Report Card
2015-05-04 00:00:00 | BankTrack, Rainforest Action Network and Sierra Club
correspondence
2014-12-10 00:00:00

Letter from EPN to Banks investing in April on APRIL

2014-12-10 00:00:00 | EPN
our publications
2014-12-02 00:00:00

Banking with Principles?

Benchmarking Banks against the UN Guiding Principles on Business and Human Rights
2014-12-02 00:00:00 | BankTrack
our publications
2014-10-29 00:00:00

Banking on Coal 2014

2014-10-29 00:00:00 | BankTrack
annual reports
2014-05-01 00:00:00

CSR 2013 Report

2014-05-01 00:00:00 | Bank of America
our publications
2014-04-17 00:00:00

Coal Finance Report Card 2014

Extreme Investments; Extreme Consequences
2014-04-17 00:00:00 | Rainforest Action Network, Sierra Club, BankTrack
correspondence
2014-04-09 00:00:00

Letter from BankTrack to signatory banks on Green Bond Principles

2014-04-09 00:00:00 | BankTrack
csr policies
2014-01-13 00:00:00

Green Bond Principles 2014

Voluntary Process Guidelines for Issuing Green Bonds
2014-01-13 00:00:00
annual reports
2014-01-01 00:00:00

Annual Report 2013 BoA

2014-01-01 00:00:00 | Bank of America
csr policies
2013-12-31 00:00:00

Code of ethics

2013-12-31 00:00:00 | Bank of America
ngo documents
2013-09-23 00:00:00

Coal India: Running on Empty?

2013-09-23 00:00:00 | Greenpeace India
our publications
2013-04-29 00:00:00

Coal Finance Report Card 2013

Extreme investments - US Banks and the Coal Industry
2013-04-29 00:00:00 | Rainforest Action Network, Sierra Club, BankTrack
annual reports
2013-03-28 00:00:00

Annual Report 2012

2013-03-28 00:00:00 | Bank of America
our publications
2013-03-07 00:00:00

Coal Risk Update March 2013

Arch Coal, Blair Mountain, and Bank Human Rights Commitments
2013-03-07 00:00:00 | Rainforest Action Network, BankTrack
annual reports
2013-01-24 00:00:00

2012 CSR Report

2013-01-24 00:00:00 | Bank of America
correspondence
2012-11-06 00:00:00

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

2012-11-06 00:00:00 | BankTrack et al.
ngo documents
2012-06-20 00:00:00

Worldwide investments in Cluster munitions, a shared responsibility

2012-06-20 00:00:00 | IKV Pax Christi & FairFin
ngo documents
2012-06-10 00:00:00

Worldwide Investments in Cluster Munitions - June 2012 update

A shared responsibility
2012-06-10 00:00:00 | FairFin and IKV Pax Christi
our publications
2012-05-01 00:00:00

Coal Finance Report Card 2012

Dirty Money, U.S. Banks at theBottom of the Class
2012-05-01 00:00:00 | Rainforest Action Network, Sierra Club, BankTrack
ngo documents
2012-01-19 00:00:00

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

2012-01-19 00:00:00 | RAN
ngo documents
2011-11-15 00:00:00

Bank of America: Risking Public Health and the Climate

2011-11-15 00:00:00 | Rainforest Action Network
other documents
2011-05-25 00:00:00

Bank of America Cluster Munitions Investments

2011-05-25 00:00:00 | Netwerk Vlaanderen & IKV Pax Christi
our publications
2011-04-05 00:00:00

Policy and Practice

2011 report card on banks and mountaintop removal
2011-04-05 00:00:00 | BankTrack, Rainforest Action Network, Sierra Club
ngo documents
2011-01-21 00:00:00

The Principle Matter - Banks, Climate and the Carbon Principles

2011-01-21 00:00:00 | Rainforest Action Network
correspondence
2010-12-18 00:00:00

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

2010-12-18 00:00:00 | Banktrack
our publications
2010-05-13 00:00:00

Policy and Practice: report card on banks and mountaintop removal

2010-05-13 00:00:00 | Rainforest Action Network, Sierra Club, BankTrack
our publications
2010-04-27 00:00:00

Close the Gap

Benchmarking investment policies of international banks
2010-04-27 00:00:00 | BankTrack
correspondence
2010-04-15 00:00:00

Mountaintop Removal request for information letter sent to Bank of America

2010-04-15 00:00:00 | RAN, Sierra Club, BankTrack
other documents
2010-04-01 00:00:00

Bank of America cluster munitions investments

2010-04-01 00:00:00 | Netwerk Vlaanderen, IKV PAX Christi
ngo documents
2009-11-17 00:00:00

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

2009-11-17 00:00:00 | Global Witness
other documents
2009-10-01 00:00:00

Bank of America cluster munitions financing

2009-10-01 00:00:00 | Netwerk Vlaanderen et. al.
ngo documents
2009-10-01 00:00:00

Worldwide investments in CLUSTER MUNITIONS, a shared responsibility

2009-10-01 00:00:00 | Netwerk Vlaanderen, et. al.
our publications
2009-03-01 00:00:00

Meek Principles for a Tough Climate

Why the Climate and Carbon Principles will not stop the melting of the ice
2009-03-01 00:00:00 | BankTrack
ngo documents
2008-01-11 00:00:00

Profiles of U.S. Banks

2008-01-11 00:00:00 | Ceres
ngo documents
2007-11-11 00:00:00

Banks, Climate Change and the New Coal Rush

2007-11-11 00:00:00 | RAN
ngo documents
2007-10-24 00:00:00

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

2007-10-24 00:00:00 | Rainforest Action Network (RAN)
other documents
2005-03-22 00:00:00

BOA Research Report

2005-03-22 00:00:00 | EIRIS
other documents
2005-03-21 00:00:00

Fact sheet on Bank of Amercia

2005-03-21 00:00:00 | EIRIS
other documents
2003-12-31 00:00:00

BoA/CERES speech Defining Environmental Responsibility in the 21st Century

2003-12-31 00:00:00

Links

EPN assessment of policies against 14 minimum criteria - Bank of America

Environmental Paper Network (EPN) evaluated the policies of 68 major financiers of the pulp and paper industry against 14 absolute minimum criteria that all financial institutions should require their clients, investments and business partners to respect in order to reduce social and environmental risks.

https://environmentalpaper.org/bank-of-america/

Bank of America csr webpages

https://about.bankofamerica.com/en-us/what-guides-us/environmental-sustainability-governance-and-policies.html#fbid=k5wVXIa3keh

Policies

Voluntary initiatives

Bank of America has committed itself to the following voluntary standards:
  • Business Environmental Leadership Council (BELC)
  • Business for Social Responsibility
  • Carbon Disclosure Project
  • Equator Principles
  • Global Reporting Initiative
  • Green Bond Principles
  • Greenhouse Gas Protocol
  • Partnership for Carbon Accounting Financials (PCAF)
  • Principles for Responsible Investment (PRI)
  • Task Force on Climate-related Financial Disclosures
  • UNEP Finance Initiative
  • Wolfsberg Principles

Investment policies

Bank of America's web page on corporate social responsibility can be accessed here.

Year:
csr policies
2021-02-05 00:00:00

Environmental and social risk policy framework

2021-02-05 00:00:00 | Bank of America
csr policies
2019-06-25 00:00:00

Modern Slavery Statement 2018

2019-06-25 00:00:00 | Bank of America
csr policies
2019-04-18 00:00:00

Human Rights Statement

2019-04-18 00:00:00 | Bank of America
csr policies
2019-04-18 00:00:00

Coal Policy

2019-04-18 00:00:00 | Bank Of America
csr policies
2018-02-02 00:00:00

Anti-money laundering questionnaire

2018-02-02 00:00:00 | Bank of America
csr policies
2018-01-03 00:00:00

Vendor code of conduct

2018-01-03 00:00:00 | Bank of America
csr policies
2016-12-31 00:00:00

Developing countries lending criteria

2016-12-31 00:00:00 | Bank of America
csr policies
2016-11-27 00:00:00

Environmental and Social Risk Policy Framework

2016-11-27 00:00:00 | Bank of America
csr policies
2016-10-28 00:00:00

Paper Procurement Policy

2016-10-28 00:00:00 | Bank of America
csr policies
2016-10-28 00:00:00

Position on Forest Certification

2016-10-28 00:00:00 | Bank of America
csr policies
2016-10-28 00:00:00

Forests Practices Policy

2016-10-28 00:00:00 | Bank of America
csr policies
2014-01-13 00:00:00

Green Bond Principles 2014

Voluntary Process Guidelines for Issuing Green Bonds
2014-01-13 00:00:00
csr policies
2013-12-31 00:00:00

Code of ethics

2013-12-31 00:00:00 | Bank of America

Equator Principles

Implementation and reporting

Bank of America is reporting on the implementation here.

Contact and complaints

Equator Principles Dodgy Deals

Projects

active

Atlantic Coast Pipeline United States

Pipeline Transportation of Natural Gas
active

Coastal GasLink pipeline Canada

Pipeline Transportation of Natural Gas
on record

Trans Mountain Pipeline Expansion project (TMEP) Canada

Pipeline Transportation of Crude Oil

Good moves

Year:

2019

Banks step away from US private prisons

As of June 2019, six banks, Fifth Third Bank, BNP Paribas, SunTrust Bank, JPMorgan Chase, Wells Fargo and Bank of America, have announced that they will no longer finance companies that operate private prison and detention centers, including CoreCivic and GEO Group. Two other banks, U.S. Bank and Barclays,…

2015

Climate breakthrough as string of banks dump coal financing

In May, Bank of America and Crédit Agricole became the first major banks to announce plans to stop financing coal mining. These announcements marked a hugely significant win and a breakthrough moment in the fight to end financing for the coal industry. The second half of 2015, in the run-up to the…

2013

Coal India share issue collapses

Coal India Limited's attempt at a public share issue was successfully blocked in late 2013. The Indian government, the company's majority shareholder, hoped toraise USD 3 billion through the sale of 10% of its stake in the world's largest coal miner. Banktrack was part of a coalition of groups including Greenpeace, Rainforest…
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