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Bank of AmericaUnited States

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Last update: 2024-12-17 00:00:00
Bank of America, head office Charlotte NC. Photo: jbarreiros via Wikimedia Commons (CC-BY-SA 2.0)

Active

This profile is actively maintained
Last update: 2024-12-17 00:00:00
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About
Website http://www.bankofamerica.com
Headquarters
100 North Tryon Street
28255 Charlotte, NC
United States
CEO/chair Brian T. Moynihan
CEO
Supervisor
Federal Reserve
Ownership
listed on NYSE & Tokyo Stock Exchange

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

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. The bank is a member of the Federal Deposit Insurance Corporation (FDIC). 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.

Sustainability
Commitments
Policies
Voluntary standards

Bank of America's most important sustainability commitments can be found at the website sections listed below.

Links

Commitment to environmental sustainability

Human Rights Statement

Bank policy
2024-08-07 00:00:00 | Bank of America

Modern Slavery Statement

Bank policy
2024-06-26 00:00:00 | Bank of America

Environmental and Social Risk Policy (ESRP) Framework

Bank policy
2023-12-31 00:00:00 | Bank of America

Supplier Code of Conduct

Bank policy
2023-06-21 00:00:00 | Bank of America

Anti-money laundering questionnaire

Bank policy
2018-02-02 00:00:00 | Bank of America

Developing countries lending criteria

Bank policy
2016-12-31 00:00:00 | Bank of America

Paper Procurement Policy

Bank policy
2016-10-28 00:00:00 | Bank of America

Position on Forest Certification

Bank policy
2016-10-28 00:00:00 | Bank of America

Forests Practices Policy

Bank policy
2016-10-28 00:00:00 | Bank of America

Green Bond Principles 2014

Voluntary Process Guidelines for Issuing Green Bonds
Bank policy
2014-01-13 00:00:00 | The Green Bonds Principles

Code of ethics

Bank policy
2013-12-31 00:00:00 | Bank of America
Bank of America has committed itself to the following voluntary standards:
Business Environmental Leadership Council (BELC)Tags:
Business for Social ResponsibilityTags: corporate social responsibility
Carbon Disclosure ProjectTags: carbon | climate change | greenhouse gas emissions
Global Reporting InitiativeTags: sustainable development | human rights
Green Bond PrinciplesTags: bond issuance | investment | sustainable development
Greenhouse Gas Protocol Tags: climate change | greenhouse gas emissions | mitigation
IFC Performance Standard 7: Indigenous PeoplesTags: Equator Principles | human rights | indigenous people | landgrabbing
Partnership for Carbon Accounting Financials (PCAF)Tags: carbon | corporate social responsibility
Principles for Responsible Investment (PRI)Tags: corporate social responsibility | sustainable development | United Nations
Task Force on Climate-related Financial Disclosures (TCFD)Tags: corporate social responsibility | finance
Taskforce on Nature-related Financial Disclosures (TNFD)Tags: corporate social responsibility | finance
UNEP Finance InitiativeTags: United Nations | sustainable development
Wolfsberg PrinciplesTags: finance | corruption
Dodgy Deals

Bank Of America is linked to a number of companies and projects that BankTrack considers controversial (so called Dodgy Deals), e.g. as a current or past financier or through an expression of interest. The profiles below provide more details on the nature of Bank Of America's link to these deals.

Projects / Companies
Finance type
Year
News
BankTrack
Partners
Blog
External
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banks fossil fuel finance totals $869 billion in 2024, a dramatic increase in financing

Annual Banking on Climate Chaos reports $429 billion USD going to fossil fuel expanding companies; totaling $1.6 trillion to these companies since 2021
2025-06-17 | New York | BankTrack, urgewald, Center for Energy, Ecology and Development (CEED), Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Reclaim Finance, Sierra Club
BankTrack news BankTrack blog Partner news Partner blog

World’s largest banks pledged $869bn to fossil fuel firms in 2024, new report finds

Two-thirds of the biggest 65 banks increased financing by $162bn from 2023 to 2024, walking back climate promises
2025-06-17 | The Guardian
BankTrack news BankTrack blog Partner news Partner blog

Global Banks Increase Fossil-Fuel Funding as Climate Pledges Crumble

New report shows that banks poured nearly $900 billion into financing coal, oil and gas projects in 2024
2025-06-17 | The Wall Street Journal
BankTrack news BankTrack blog Partner news Partner blog

The World’s Banks are Still Betting on Fossil Fuel Industry Growth

The biggest funders of fossil fuel expansion are U.S. banks that, like those in other countries, are retreating on their climate commitments.
2025-06-17 | Inside Climate News
BankTrack news BankTrack blog Partner news Partner blog

Fossil fuel finance surge led by US banking giants

Lenders face investor and activist backlash as fossil fuel financing decline reverses
BankTrack mentioned
2025-06-17 | The Banker
Blog
BankTrack news BankTrack blog Partner news Partner blog

The NZBA has chosen the wrong side of history: what next for net-zero banking?

The UN-convened, bank-led coalition was never up to its task. It’s time for banks to demonstrate individual commitment.
2025-05-28 | Quentin Aubineau – BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Global LNG fleet’s annual CO₂e emissions soar past 12 billion tonnes while orderbooks shrug off overcapacity warning

LNG shipping giants continue to ramp up vessel orders despite stranded asset risks, potential decades of carbon lock-in, and a mounting emissions toll
2025-05-13 | Seoul | Solutions for Our Climate
Blog
BankTrack news BankTrack blog Partner news Partner blog

Nippon Steel’s coal focus a risk for investors

2025-05-08 | Tokyo | SteelWatch
BankTrack news BankTrack blog Partner news Partner blog

NZBA to lower climate target and focus on Chinese and Indian banks

Member of net zero alliance’s steering group confirms change to less ambitious ‘well below 2C’ target
2025-04-02 | The Banker
Blog
BankTrack news BankTrack blog Partner news Partner blog

Report: Banks funneled $902 billion to top polluters through this backdoor channel

New research by corporate accountability group Ekō has exposed banks for a staggering $902 billion in underwriting and group-level financing for 30 of the most polluting companies over the past eight years.
2025-03-24 | Eko
BankTrack news BankTrack blog Partner news Partner blog

Private Prisons Are Ramping Up Detention of Immigrants and Cashing In

The Trump administration is expected to use thousands more beds in these facilities as part of its mass deportation effort.
2025-03-07 | New York Times
BankTrack news BankTrack blog Partner news Partner blog

Big banks abandoned a voluntary climate alliance. Now, critics are calling for new laws.

Environmental groups say state and international policymakers must step up to stop fossil fuel financing.
BankTrack mentioned
2025-03-03 | Grist
Blog
BankTrack news BankTrack blog Partner news Partner blog

Wells Fargo becomes first major US bank to abandon its net-zero commitment

Sierra Club calls move cowardly and shortsighted
2025-02-28 | San Francisco | Sierra Club
BankTrack news BankTrack blog Partner news Partner blog

The world’s biggest climate finance coalition is in crisis. Is it worth saving?

BankTrack mentioned
2025-02-19 | Climate Home News
Blog
BankTrack news BankTrack blog Partner news Partner blog

New report: "At Great Cost: The companies building nuclear weapons and their financiers”

2025-02-18 | ICAN, PAX
Blog
BankTrack news BankTrack blog Partner news Partner blog

Seven underwriters of “war bonds” instrumental in enabling Israel’s assault on Gaza, new research finds

Banks have underwritten Israeli government-issued bonds to the value of $19.4 billion since October 7th, 2023
2025-02-14 | BankTrack, PAX, Profundo
BankTrack news BankTrack blog Partner news Partner blog

These seven banks have supplied Israel’s genocide in Gaza to the tune of $20bn

Seven US and European investment banks have been propping up Israel’s brutal genocide in Gaza to the tune of nearly $20bn. And a certain notorious company in particular is dripping in bankrolling complicity: Goldman Sachs.
BankTrack mentioned
2025-02-14 | The Canary
BankTrack news BankTrack blog Partner news Partner blog

‘Climate Risk is Financial Risk’: Banks Financing Big Meat & Dairy Face Billions in Losses

2025-02-10 | Green Queen
BankTrack news BankTrack blog Partner news Partner blog

RBC Quits Climate Group as Canadian Banks Follow Wall Street

2025-01-31 | BNN Bloomberg
Blog
BankTrack news BankTrack blog Partner news Partner blog

Without tackling plastic finance, we walk on a dead-end road

2025-01-29 | Manon Stravens - Profundo
Blog
BankTrack news BankTrack blog Partner news Partner blog

The NZBA’s moment of truth

With 11 major US and Canadian banks leaving the Net Zero Banking Alliance (NZBA), it’s a pivotal moment for the initiative to finally live up to its promise - or die trying
2025-01-21 | Nijmegen | BankTrack
BankTrack news BankTrack blog Partner news Partner blog

Do NZBA exits mark the end of bank co-ordination on climate?

It is make or break for the industry-led, UN-convened Net-Zero Banking Alliance
BankTrack mentioned
2025-01-10 | The Banker
BankTrack news BankTrack blog Partner news Partner blog

Six big US banks quit net zero alliance before Trump inauguration

Exodus from target-setting group is attempt to head off ‘anti-woke’ attacks from rightwing politicians, say analysts
2025-01-08 | The Guardian
BankTrack news BankTrack blog Partner news Partner blog

Financiële wereld schroeft groene ambities terug met oog op Trump

BankTrack mentioned
2025-01-07 | Het Financieele Dagblad
BankTrack news BankTrack blog Partner news Partner blog

Goldman Sachs faces backlash after backing out of global coalition — here's what it had to say

Goldman Sachs' departure appears to have kicked off a wave of other banks ditching NZBA membership.
BankTrack mentioned
2025-01-06 | The Cool Down
BankTrack news BankTrack blog Partner news Partner blog

Most large banks failing to consider Indigenous rights

BankTrack mentioned
2024-12-19 | Mongabay
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banks urged to refuse MUFG’s call to finance Papua LNG

2024-12-18 | ActionAid Australia, Centre for Environmental Law and Community Rights (CELCOR), Friends of the Earth Japan, Japan Center for Sustainable Environment and Society (JACSES), Jubilee Australia Research Centre, Market Forces, Reclaim Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

Demand for UN & Climate Banking Alliance to enforce commitments following Goldman Sachs exit

Climate and community groups have written to the United Nations and the NZBA following Goldman Sachs’ exit from the alliance and backsliding by Morgan Stanley.
2024-12-18 | Stand.earth
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banks and investors’ unrestricted finance for LNG is fueling a future climate bomb

2024-12-05 | Reclaim Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

Most large banks still failing to implement UN human rights principles, new BankTrack benchmark finds

Despite gradual progress, banks show little action in addressing impacts, protecting vulnerable groups and supporting affected communities.
2024-11-27 | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Major ‘coal banks’ refuse to stop financing coal power boom in Asia

To stop a wave of new coal development across Asia, the End Coal Finance coalition is asking likely financiers to pledge not to back new coal power projects.
2024-11-14 | Nijmegen | BankTrack, Inclusive Development International, Recourse
Blog
BankTrack news BankTrack blog Partner news Partner blog

The 2024 Global Coal Exit List: Too much coal and too little exit

2024-10-30 | Berlin | urgewald
Blog
BankTrack news BankTrack blog Partner news Partner blog

As the world chokes in plastic, banks continue to finance plastic production

New research reveals a lack of bank policies dealing with the impact of plastics on climate, nature and humans
2024-10-17 | Amsterdam | BankTrack, Plastic Soup Foundation, Profundo
Blog
BankTrack news BankTrack blog Partner news Partner blog

Major banks fueling biodiversity collapse by $395 billion since the Paris Agreement; Governments failing to reign in banks

New reports reveal escalating financing to destructive sectors and highlight the urgent need for financial sector regulations to achieve Global Biodiversity Goals
2024-10-16 | San Francisco | BankTrack, Amazon Watch, CED Cameroon, Friends of the Earth US, Milieudefensie, Profundo, Rainforest Action Network, Repórter Brasil, Sahabat Alam Malaysia, TuK INDONESIA
Blog
BankTrack news BankTrack blog Partner news Partner blog

LNG shipping emissions: A growing climate crisis

2024-10-10 | Stand.earth
Blog
BankTrack news BankTrack blog Partner news Partner blog

Sierra Club finds major US banks are climate laggards, recommends steps to meet net-zero commitments

Largest US banks committed to net-zero emissions by 2050, not yet on track to make it happen
2024-10-09 | Sierra Club
BankTrack news BankTrack blog Partner news Partner blog

‘You only go to the party if everyone is going’: finance bosses to skip COP29

Business expectations lowered for summit to be held in Baku next month
2024-10-08 | Financial Times
Blog
BankTrack news BankTrack blog Partner news Partner blog

Energy supply financing ratios: the next milestone in banks’ climate strategy

The energy supply financing ratio is a key indicator that synthesizes two major challenges in limiting global warming to 1.5°C: the phase-out of fossil fuels and the development of sustainable alternatives.
2024-10-07 | Reclaim Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

Activists across the globe call on banks and investors to stop financing TotalEnergies

2024-10-02 | New York/Frankfurt/Paris | 350.org US, Justiça Ambiental (JA!)/Friends of the Earth Mozambique, Liveable Arlington
Blog
BankTrack news BankTrack blog Partner news Partner blog

TotalEnergies and financial markets: Financial institutions engaged for decades of pollution

2024-09-30 | Reclaim Finance
BankTrack news BankTrack blog Partner news Partner blog

World’s biggest banks pledge support for nuclear power

Names including Bank of America, Morgan Stanley and Goldman Sachs boost COP28 goal of tripling capacity by 2050
2024-09-23 | Financial Times
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banks must overhaul climate targets to deliver emissions cuts, new analysis finds

Reclaim Finance is urging banks to rethink their targets, and in particular to jettison the widely used “financed emissions” and “facilitated emissions” targets.
2024-09-19 | Reclaim Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

105 organizations demand banks stop financing industrial livestock production that fuels the climate crisis

Open letter by Friends of the Earth US to the three largest U.S. banks financing industrial livestock
2024-09-17 | Friends of the Earth US
BankTrack news BankTrack blog Partner news Partner blog

Activists to JPMorgan Chase, BofA, Citi: Stop lending to factory farms

A group of 105 climate change and animal welfare organizations has sent an open letter to the heads of sustainable finance at JPMorgan Chase, Bank of America and Citi, urging them to stop making loans and providing underwriting services to companies operating or involved with large factory farms.
BankTrack mentioned
2024-09-12 | American Banker
Blog
BankTrack news BankTrack blog Partner news Partner blog

BankTrack set to publish 2024 Global Human Rights Benchmark in November

50 of the world’s largest banks were invited to provide feedback on draft assessments of their human rights disclosures
2024-07-23 | Nijmegen, Netherlands | Giulia Barbos – BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Gulf Coast residents and major organizations call on financial institutions to phase out financing of LNG projects in the Rio Grande Valley

“We will hold any financial institutions that choose to support these projects accountable for such impacts.”
2024-07-22 | New York City | Sierra Club
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banks fail to substantially respond to communities impacted by ArcelorMittal on climate and human rights concerns

2024-07-18 | BankTrack, Fair Steel Coalition, Reclaim Finance, SteelWatch
Blog
BankTrack news BankTrack blog Partner news Partner blog

Pulp Fiction: the dystopian reality of the origin of your paper

A new report by Environmental Paper Network International debunks the story that paper is ‘green’ and ‘renewable’. Evidence piles up on the ecological and human impacts of the pulp expansion frenzy.  
2024-07-16 | Environmental Paper Network
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banking on Nippon Steel is a high risk bet on climate chaos

Financiers of Nippon should be wary of the steel company's coal-expansion plans
2024-06-21 | Cherry Achando – BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Environmental and Social policies of major Amazon oil and gas financiers fail to protect the Rainforest and its peoples

New report reveals that only one of the top six banks financing oil and gas extraction in the Amazon has an effective policy to protect the region
2024-06-11 | San Francisco (Chochenyo and Karkin Ohlone Lands) | Coordinating body of Indigenous Organizations of the Amazon River Basin (COICA), Stand.earth
BankTrack news BankTrack blog Partner news Partner blog

World’s top banks ‘greenwashing their role in destruction of the Amazon’

2024-06-11 | The Guardian
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banks fueling climate chaos: the financing of metallurgical coal mining on the rise

Coal for steel received 31.9 billion US$ of financing by banks between 2016 and 2023
2024-05-27 | Reclaim Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

Biggest banks finance more carbon pollution than emissions of Italy, Germany, France and UK combined

New report by ReCommon exposes carbon pollution financed by the world’s biggest banks ahead of G7 finance ministers meeting
2024-05-21 | Rome, Italy | ReCommon
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banks financed fossil fuels by $6.9 trillion dollars since the Paris Agreement; $705 billion provided in 2023 alone; JPMorgan Chase, Mizuho, and Bank of America are worst 3 funders

Annual Banking on Climate Chaos report with an updated methodology offers comprehensive look at who’s bankrolling the climate crisis
2024-05-13 | BankTrack, urgewald, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Reclaim Finance, Sierra Club
BankTrack news BankTrack blog Partner news Partner blog

Top 6 U.S. Banks Financed Fossil Fuels with $1.8 trillion Since the Paris Agreement; Chase, Citi, & Bank of America Top the List Worldwide

BankTrack mentioned
2024-05-12 | Public now
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banks fall for ArcelorMittal’s shiny claims and finance its dirty flames

Don’t be fooled by ArcelorMittal's “low carbon” sponsorship of the Olympic Games
2024-05-08 | Julia Hovenier – BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banks have not quit coal, 8 years after the Paris Agreement

Banks in China dominate global coal financing; those in Indonesia are outliers in having increased finance for coal since 2016
2024-05-03 | Nijmegen | Will O'Sullivan – BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

New study: Financing for industrial livestock undermines U.S. banks’ climate commitments

Bank of America, Citigroup, and JPMorgan Chase responsible for more than half of the $134 billion in financing examined in the report
2024-04-10 | Washington D.C. | Friends of the Earth, Profundo
Blog
BankTrack news BankTrack blog Partner news Partner blog

NGOs call on banks and investors to cut TotalEnergies’ main source of finance

Some 60 NGOs from around the world signed an open letter calling on banks and investors to stop participating in bonds issued by TotalEnergies
2024-04-10 | Reclaim Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

The banks financing dirty steel

The world’s major banks continue to support the largest and most polluting steel producers
2024-03-26 | Paris, France | Reclaim Finance
BankTrack news BankTrack blog Partner news Partner blog

Banks under pressure to reveal data comparing green and fossil fuel spending

Criticism sparks agreement by banks to develop a ratio showing whether a bank’s fossil fuel financing is outstripping the amount it is investing in clean energy
BankTrack mentioned
2024-03-25 | The Banker
BankTrack news BankTrack blog Partner news Partner blog

UK banks urged to end finance to company behind Rosebank oil field development

BankTrack mentioned
2024-03-20 | The Independent
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banks financing company behind controversial Rosebank oil field despite climate pledges

HSBC, Lloyds, NatWest and BNP Paribas are financing major North Sea oil expander Ithaca Energy, despite pledges to stop propping up new fossil fuel projects
2024-03-20 | London | BankTrack, #StopRosebank
Blog
BankTrack news BankTrack blog Partner news Partner blog

Still butchering the planet

The big-name financiers bankrolling livestock corporations and climate change – 2024 update
2024-03-18 | London | Feedback
BankTrack news BankTrack blog Partner news Partner blog

Banks driving increase in global meat and dairy production, report finds

Financiers providing billion-dollar support for industrial livestock companies to expand leading to unsustainable rise in production
2024-03-18 | London | the Guardian
Blog
BankTrack news BankTrack blog Partner news Partner blog

New guidelines for Net-Zero Banking Alliance: too little, too late, too slow

The new guidelines for the Net Zero Banking Alliance leave too much latitude to its member banks not to achieve net-zero greenhouse gas emissions by 2050.
2024-03-14 | Nijmegen | BankTrack
BankTrack news BankTrack blog Partner news Partner blog

Major US banks leave global environmental and social standards group

JPMorgan Chase, Bank of America, Citi, and Wells Fargo have left the Equator Principles as the organization undergoes change, giving rise to questions about its future as a global standard and what the U.S. banks will do.
BankTrack mentioned
2024-03-06 | Devex
BankTrack news BankTrack blog Partner news Partner blog

UN-backed bank group seeks to avoid departures with new climate guidelines

2024-03-05 | Reuters
Blog
BankTrack news BankTrack blog Partner news Partner blog

We’re calling on banks to do their part to stop POSCOs coal expansion

Unless POSCO scraps its relining plans, banks should rule out future finance for the Korean steelmaker
2024-02-27 | BankTrack, Solutions for Our Climate
Blog
BankTrack news BankTrack blog Partner news Partner blog

Financiers warned of huge risks to communities and biodiversity as Rio Tinto approves world’s biggest mining project

2024-02-26 | Accra, Ghana and Nijmegen, Netherlands | BankTrack, Advocates for Community Alternatives (ACA)
BankTrack news BankTrack blog Partner news Partner blog

Private Credit Dominates Whitehaven Coal’s $1.1 Billion Loan

Bank of America is the only participating bank
2024-02-26 | Bloomberg
Blog
BankTrack news BankTrack blog Partner news Partner blog

Bank of America rolls back restrictions on financing for coal, arctic oil and gas

World’s fourth biggest fossil fuel funder weakens exclusions for highly destructive, risky projects
2024-02-04 | New York | Sierra Club
Blog
BankTrack news BankTrack blog Partner news Partner blog

Three years after attempted coup, international banks still ignore the junta’s violent capture of the Myanmar-China pipelines

2024-02-01 | BankTrack
BankTrack news BankTrack blog Partner news Partner blog

Companies accused of biodiversity or human rights harms ‘adopt’ TNFD reporting

2024-01-26 | Rainforest Action Network
Blog
BankTrack news BankTrack blog Partner news Partner blog

Coal Havens - Asia’s biggest banks still open for coal business after COP28

The largest banks in India and Indonesia – global hotspots of the coal industry's growth – have no coal exclusion policy
2024-01-23 | Will O'Sullivan – BankTrack
BankTrack news BankTrack blog Partner news Partner blog

Wall Street Makes Zero Progress in Energy Finance Transition

The industry needs to get to a 4-to-1 ratio of clean energy versus fossil-fuel financing. At the end of last year, it was 0.73 to 1—little changed from 2021.
2023-12-14 | Bloomberg
Blog
BankTrack news BankTrack blog Partner news Partner blog

67 organisations call on banks to cease financing metallurgical coal

Banks risk stranded assets & climate catastrophe in steel lending without metallurgical coal exclusions
2023-12-07 | Nijmegen | BankTrack, Reclaim Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

Major bank and investor policies accelerating forest destruction, biodiversity loss, climate chaos and rights violations

New analysis documents $307 billion flowing from big finance into forest-risk commodities driving massive tropical deforestation
2023-12-04 | BankTrack, Forests & Finance Coalition
Blog
BankTrack news BankTrack blog Partner news Partner blog

Met coal: financial institutions’ missing policies

Since 2016, the world’s biggest banks have provided US$ 557 billion in finance to the 50 biggest developers in the metallurgical sector
2023-11-23 | Reclaim Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

The financial institutions behind the worst fossil fuel bonds in 2023

2023-11-16 | Reclaim Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

Bank of America: funding fossil fuel expansion during time of climate crisis is a violation of human rights

Shocking new report details the human rights impact of the banking giant’s fossil fuel funding
2023-11-07 | Rainforest Action Network
Blog
BankTrack news BankTrack blog Partner news Partner blog

Sustainable power: banks must step up a gear

A new tracker launched today by 13 NGOs, including Reclaim Finance and BankTrack, reveals the biggest global banks do not have the basic policies and financing targets needed to support decarbonization of the power sector.
2023-10-24 | BankTrack, Bank on our Future, Beyond Fossil Fuels, Climate Action Network France, Finance Watch, Friends of the Earth France, Make My Money Matter, Rainforest Action Network, Reclaim Finance, ReCommon, ShareAction, Sierra Club, WWF
BankTrack news BankTrack blog Partner news Partner blog

BofA, Jefferies bankroll Whitehaven’s winning bid for BHP coal

2023-10-18 | Financial Review
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banks have no planned exit from coal for steelmaking

A new briefing from BankTrack calls on banks to urgently restrict finance for metallurgical coal
2023-10-10 | Julia Hovenier – BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Risks ahead of meatpacker JBS’ NYSE listing: “Wall Street: Steer clear of JBS”

Citigroup, Bank of America, BlackRock, Vanguard and more are enabling JBS’s environmental destruction & human rights abuses
2023-09-22 | New York | Friends of the Earth
Blog
BankTrack news BankTrack blog Partner news Partner blog

New report and blog: Barclays' bond with Adani

For the sake of the climate, human rights - and for its own good - Barclays should cut ties with Adani after the company's recent scandals
2023-09-18 | BankTrack, The Sunrise Project
Blog
BankTrack news BankTrack blog Partner news Partner blog

The causes fueling the climate crisis are receiving 20 times more financing than the solutions, new groundbreaking report by ActionAid reveals

2023-09-04 | ActionAid
Blog
BankTrack news BankTrack blog Partner news Partner blog

New report: Major global banks are financing deadly US coal plants thanks to loopholes in their climate commitments

Banks continue to fund utility parent companies, despite policies to restrict loans to coal plants
2023-09-01 | Sierra Club
Blog
BankTrack news BankTrack blog Partner news Partner blog

Will US banks become the next target for activists fighting the Mountain Valley Pipeline?

2023-08-28 | BankTrack, 7 Directions of Service, Protect Our Water, Heritage, Rights (POWHR), Rainforest Action Network
Blog
BankTrack news BankTrack blog Partner news Partner blog

Decarbonization: steel not making the cut

Analysis by Reclaim Finance shows that few financial institutions have steel targets, and that those that have been adopted are riddled with flaws
2023-08-23 | Reclaim Finance
BankTrack news BankTrack blog Partner news Partner blog

Exclusive: Banks vote to limit accounting of emissions in bond and stock sales

Banks back accounting for 33% of capital market-linked emissions. Environmental advocates push for 100% attribution. PCAF board expected to back the 33% weighting, ending delays.
2023-07-31 | Reuters
Blog
BankTrack news BankTrack blog Partner news Partner blog

New research shows eight major banks responsible for majority of US$ 20 billion in financing for oil and gas companies destroying the Amazon

Banks including JPMorgan Chase, Itaú Unibanco and Banco Santander financed deals directly traced to activities in Peru, Colombia, Brazil and Ecuador
2023-07-25 | Belem, Brazil | Stand.earth
Blog
BankTrack news BankTrack blog Partner news Partner blog

New report: US banks’ role in capital markets reveals a hidden pipeline for fossil fuel financing

Wall Street banks quietly raise billions for polluting companies through underwriting activities
2023-07-24 | New York | Sierra Club
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banks committed to net zero still funding North Sea oil expansion by Equinor

Over 60 organisations have written to Equinor's biggest bankers warning them not to fund the company's controversial Rosebank oil field due to climate risks.
2023-07-04 | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

US banks and climate-related policy: How the sector engages on sustainable finance and real economy climate policies

New report from InfluenceMap
2023-06-29 | InfluenceMap
Blog
BankTrack news BankTrack blog Partner news Partner blog

One silver lining in otherwise disappointing shareholder season at big US banks

Unprecedented levels of support for proposals calling on banks to disclose how they plan to meet their climate commitments
2023-06-09 | Sierra Club
Blog
BankTrack news BankTrack blog Partner news Partner blog

Bank of America, Citigroup, and Wells Fargo shareholders vote on proposals urging progress on climate & Indigenous rights

2023-05-01 | New York | Sierra Club
BankTrack news BankTrack blog Partner news Partner blog

Wall Street’s biggest banks failing key ESG test in fresh study

JPMorgan, BofA, Citi are listed as falling short in analysis. Study also singles out Goldman, Morgan Stanley and Wells Fargo
2023-04-13 | Bloomberg
Blog
BankTrack news BankTrack blog Partner news Partner blog

New report: Canadian bank RBC the #1 financier of fossil fuels, world’s biggest banks continued to pour billions into fossil fuel expansion

Annual Banking on Climate Chaos report follows the money and details massive bank support for the world’s worst climate-destroying corporations
2023-04-13 | San Francisco | BankTrack, urgewald, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Reclaim Finance, Sierra Club
BankTrack news BankTrack blog Partner news Partner blog

Global banks pledged to cut emissions – but still invest billions in US gas exports

Many banks promised to work toward net-zero emissions – but their targets explicitly exempt liquefied natural gas projects
2023-04-06 | The Guardian
BankTrack news BankTrack blog Partner news Partner blog

Climate resolutions on tap for bank shareholder season

Activist stakeholders are ramping up pressure on big lenders to curb fossil fuel lending.
2023-04-05 | Climate Wire
Blog
BankTrack news BankTrack blog Partner news Partner blog

Who dares to finance Eni and Exxon’s dangerous Rovuma gas plans in Mozambique?

Two banks made clear they will avoid financing Rovuma LNG, but plenty remain in the frame.
2023-03-20 | BankTrack, Justiça Ambiental (JA!)/Friends of the Earth Mozambique, Les Amis de la Terre France, ReCommon
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These ‘Net-Zero’ Banks Are Still Pretty Big on Big Oil

A BloombergNEF study reveals how energy financiers that pledged to move away from fossil fuels are way behind.
2023-03-01 | Bloomberg
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What COP15 means for banks: meeting the Global Biodiversity Framework requires protecting Indigenous rights and divesting from harmful industries

2023-02-07 | Hannah Greep – BankTrack
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New report reveals the 40 financial institutions funding the world's climate-changing methane problem

A new report by Planet Tracker and Changing Markets reveals the top financial institutions funding the world’s biggest methane producers, and the role they can play in turning the tide on global heating.
2023-01-17 | London | Changing Markets, Planet Tracker
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Citi, BofA lead Wall Street banks funding fossil-fuel expansion

2023-01-17 | Bloomberg
Blog
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Throwing fuel on the fire: GFANZ members provide billions in finance for fossil fuel expansion

2023-01-17 | Paris, France /Nijmegen, Netherlands | BankTrack, Reclaim Finance
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Qatar’s gas output increase could cause catastrophic global heating, report says

If Qatar exploits all its reserves it will add 50bn metric tons of CO2 to atmosphere, more than entire annual emissions of whole world
BankTrack mentioned
2022-12-08 | The Guardian
Blog
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Exposed: Western banks funding Qatar’s carbon bombs

US$ 20 trillion estimated damage linked to massive gas expansion by hosts of 2022 World Cup
2022-12-08 | Henrieke Butijn – BankTrack
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Right-wing attack on sustainable finance is the latest form of climate denial

Don’t believe the hype about “woke capitalism”
2022-12-08 | Washington, DC | Ben Cushing, Sierra Club
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New human rights assessment of banks shows slow progress and lack of action to address key gaps on reporting and remedy

BankTrack’s 2022 Global Human Rights Benchmark finds reporting at a standstill, remedy still lacking and no clear leaders
2022-11-17 | BankTrack
Blog
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These U.S. banks are financing climate chaos through fossil fuel expansion

An overview of RAN's new report, Wall Street’s Dirtiest Secret: How fossil fuel expansion depends on big bank finance
2022-11-10 | Rainforest Action Network
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JPMorgan Chase and 5 other U.S. megabanks behind one-third of global funding to expand coal, oil and gas

Potential emissions from already developed fields take the world well past 1.5°C of warming, Rainforest Action Network says
2022-11-09 | MarketWatch
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Major banks support rainforest oil project despite problems

BankTrack mentioned
2022-11-04 | London | AP
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Major banks support rainforest oil project despite problems

2022-11-04 | London | Washington Post/ Associated Press
Blog
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Leaders or laggards? Report analyzes net-zero pledges of US banks

Commitments, actions from 6 biggest banks fall far short of what’s needed for global climate goals
2022-11-02 | New York | Sierra Club
Blog
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Our nature and climate demand a reduction of industrial beef production, but banks missed the memo

New policy analysis shows that banks do not have robust policies in place for the beef sector and are failing to include methane reduction or halting deforestation in climate solutions
2022-10-19 | Hannah Greep – BankTrack
Blog
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Global bank policies ‘dangerously inadequate’ to prevent financing of deforestation, climate chaos and human rights abuses

As the climate and biodiversity crisis intensifies, credit to forest-risk commodity companies increased 160% between 2020 and 2021.
2022-10-18 | Forests & Finance Coalition
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Banks Try Quiet Quitting on Net Zero

Last year’s enthusiasm for GFANZ turns into anxiety.
2022-10-14 | Bloomberg
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Opacity and accountability: the hidden financial pipelines supporting new coal

2022-10-13 | San Francisco, CA | Global Energy Monitor
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Advocacy groups urge global asset managers to align with UN net zero guidelines

Letter calls for Net Zero Asset Managers Initiative to require members to meet latest Race to Zero criteria on net zero, including for financed emissions
2022-10-07 | Washington, DC | BankTrack, Sierra Club
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US banks threaten to leave Mark Carney’s green alliance over legal risks

2022-09-21 | London, UK | Financial Times
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US banks: Financing coal expension, ignoring climate emergency

2022-09-19 | Reclaim Finance
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Planning for public disclosures through hidden closed-door processes?

Why the Taskforce on Nature-related Financial Disclosures needs to overhaul its approach to transparency
2022-09-12 | Shona Hawkes, Rainforest Action Network
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Jackdaw shows once again Shell is failing on climate. So why are its bankers failing to act?

2022-07-19 | The Hague, The Netherlands | Sumeyra Arslan – BankTrack
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Banks have arranged US$2.7 trillion in bonds for fossil fuel companies

2022-07-12 | Australia | The Sunrise Project
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As peak hurricane season looms, banks bolster cozy relationship with fossil fuel industry

2022-07-12 | Louisiana, USA | Louisiana Illuminator
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Global banks ignore Amazon's indigenous voices at their peril

2022-06-23 | Reuters
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What’s next in the growing movement to push banks on climate action?

Surveying the financial landscape as AGM season winds down in the US
2022-06-06 | Sierra Club
Blog
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Climate groups call on Shell’s bankers to stop Jackdaw gas field

UK government’s regulatory approval opens the door for Shell to move ahead with the Jackdaw field
2022-06-03 | BankTrack
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This shareholder season, big banks are feeling the heat on climate

2022-04-19 | Sierra Club
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Response to Bank of America’s new 2030 climate targets

2022-04-13 | Stop the Money Pipeline
Blog
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Bank of America is the latest bank to set 2030 emissions targets with no plan for absolute reductions or phasing out fossil fuel finance

2022-04-13 | Rainforest Action Network, Sierra Club
Blog
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Gulf Coast communities fighting the massive buildout of fracked gas exports

A Banking on Climate Chaos 2022 case study
2022-04-05 | BankTrack, Rainforest Action Network, Sierra Club
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Investors ask banks to rethink funding fossil fuel projects, including Line 3

Banks are under pressure from investors to match corporate practices with their environment and social statements * Updated
2022-03-31 | IndianCountryToday
Blog
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New report: Despite ‘net zero’ rhetoric, world’s biggest banks continued to pour billions into fossil fuel expansion in 2021

Annual Banking on Climate Chaos report follows the money and details massive bank support for the world’s worst climate-destroying corporations
2022-03-30 | San Francisco, Bemidji, Nijmegen, Oakland, Paris, Sassenberg, Washington DC | BankTrack, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Reclaim Finance, Sierra Club, Urgewald
BankTrack news BankTrack blog Partner news Partner blog

Largest U.S. banks to face shareholder votes on climate change

2022-03-29 | American Banker
Blog
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At least $132 billion in finance for fossil fuels is locking Africa out of a Just Transition, shows new report

African countries kept in fossil fuel stranglehold by Overseas money
2022-03-03 | BankTrack, 350.org Africa, AFIEGO, Africa Coal Network, Alerte Congolaise pour l’Environnement et les Droits de l’Homme (ACEDH), Alliance for Empowering Rural Communities (AERC), Centre for Alternative Development (CAD), Environment Governance Institute (EGI), Friends of the Earth Ghana, Friends of the Earth Mozambique, Friends of the Earth Togo, Innovation for the Development and Protection of the Environment (IDPE), Laudato Si, Lumière Synergie pour le Développement (LSD), Milieudefensie, Oil Change International, Save Okavango (SOUL), Solidarité pour la Réflexion et Appui au Développement Communautaire (SORADEC), Synergie de Jeunes pour le Développement et les Droits Humains (SJDDH), Women Environmental Programme Nigeria, WoMin, Zimbabwe Environmental Law Association (ZELA)
Blog
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Investment funds injected US$ 54.1 billion into mining companies with interests in Indigenous territories in the Amazon

New report by APIB and Amazon Watch reveals main investors of eight large mining companies that wish to explore Indigenous territories in Brazil.
2022-02-22 | Brazil | Amazon Watch, Association of Brazil’s Indigenous Peoples (APIB)
Blog
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Banks failing to address severe human rights impacts transparently, finds BankTrack research

Findings reinforce the need for regulators to ensure access to effective remedy for people affected by bank finance
2021-12-14 | Nijmegen | BankTrack
Blog
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New Report: US banks and investors responsible for roughly the emissions of Russia

CAP and Sierra Club look at “financed emissions” to offer novel view of Wall Street's carbon footprint
2021-12-14 | Washington | Sierra Club
Blog
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Total’s deal with Suriname: the greenwashing of oil Block 58

Will this be the final red flag for the oil major’s financiers?
2021-11-24 | Maaike Beenes – BankTrack
Blog
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Climate groups call out banks lobbying for watered down Net Zero Commitments

Stop the Money Pipeline organizations respond to news that on behalf of a group of 12 banks, HSBC lobbied Mark Carney’s GFANZ to scrap mandatory science-based targets and delay a deadline.
2021-11-09 | New York | BankTrack, Stop the Money Pipeline
Blog
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Meet the banks funding the owners of the Cambo oil field

New research shines a spotlight on the banks backing Shell and Siccar Point Energy
2021-10-29 | #StopCambo
Blog
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Equator Banks involved in financing at least 200 fossil fuel projects since Paris

BankTrack research sheds new light on finance for fossil fuels by Equator banks
2021-10-26 | BankTrack
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‘Wreckers of the Earth’: 300 London-based companies destroying the planet

2021-10-14 | Corporate Watch
Blog
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Stop the Money Pipeline launches Customers for Climate Justice

A new program by Stop the Money Pipeline
2021-09-30 | Stop the Money Pipeline
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For the sake of cheap soya: railway and waterway threaten the Amazon

2021-09-29 | Society for Threatened Peoples
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Fossil Banks No Thanks demands banks commit to end fossil fuel finance before Glasgow Climate Summit

210+ groups support urgent call to action
2021-09-23 | BankTrack
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Letter from ClientEarth to 17 banks regarding the Cambo oil field

2021-09-14 | ClientEarth
Blog
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North Sea oil field development shows banks’ hypocrisy over climate

ClientEarth sends letter to 17 banks urging them to stop financing Shell and Siccar Point Energy, the companies pushing for the Cambo oil field
2021-09-14 | ClientEarth
Blog
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Commerzbank, Citi and Bank of America among banks issuing new deal for Russian coal giant SUEK just two months before COP26

Russia's largest coal producer SUEK plans to expand its coal mining and has mandated nine banks for a bond issuance
2021-09-09 | BankTrack, urgewald
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‘Net-Zero-by-2050’ banks line up debut USD bond for Russia’s largest coal company

2021-09-08 | Responsible Investor
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Climate change could cause the next great recession, the Biden administration can prevent it

2021-08-25 | Ben Cushing, Sierra Club
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Forests & Finance Coalition warns foreign investors about the risk of the anti-environment agenda in the Brazilian Congress

2021-08-19 | Forests & Finance
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New bank links to Myanmar junta and atrocities found

19 international banks together invest over US$65 billion in shares of companies with ties to the Myanmar military junta
2021-07-28 | BankTrack, Justice For Myanmar
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Formosa’s new St. James project is the real pest

2021-07-07 | The Big Easy
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Dear bank CEO, you are cordially invited to defund this pipeline

Anti-oil activists are turning their focus on fossil fuel funding, aiming to stop the flow of money for good.
2021-07-01 | Bloomberg Green
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World’s 50 largest banks and investors driving deforestation through weak policies and major investments, new study finds

Top investors BlackRock, Vanguard, State Street, PNB, EPF, GPIF, and KWAP all amongst lowest scoring
2021-06-08 | Forests & Finance
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Nine international banks invest over US$24 billion in companies linked to Myanmar regime and atrocities

Mitsubishi UFJ Financial Group, Sumitomo Mitsui Financial Group, JPMorgan Chase, UBS, Credit Suisse, Morgan Stanley, Bank of America, Wells Fargo and BNP Paribas among the top banks investing in companies linked to the Myanmar military junta
2021-05-27 | BankTrack, Justice For Myanmar
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စစ်ကောင်စီနဲ့ဆက်စပ်တဲ့ ကုမ္ပဏီ ၁၈ ခုမှာ နိုင်ငံတကာဘဏ် ၉ ခု ပါဝင်ပတ်သက်နေ

(In Burmese) Nine international banks are involved in 18 companies affiliated with the military council
2021-05-27 | Radio Free Asia
Blog
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Banks called upon to take action to protect biodiversity ahead of UN Biodiversity Conference in Kunming

Civil society organizations urge banks to adopt stringent “No Go” policy for biodiversity rich areas
2021-05-26 | Nijmegen | BankTrack
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Revealed: Businesses and banks behind global plastic waste crisis

Just 20 companies produce over 50 per cent of all single-use plastic - Top financial institutions enabling plastic waste identified
2021-05-18 | Minderoo Foundation
Blog
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New bank climate initiative fails to grasp urgent need to end finance for fossil fuels

Civil society statement on the launch of the Net-Zero Banking Alliance
2021-04-22 | Nijmegen | BankTrack, urgewald, Amazon Watch, Bank on our Future, Indigenous Environmental Network, Market Forces, Positive Money, Rainforest Action Network, Reclaim Finance, ShareAction, Sierra Club
BankTrack news BankTrack blog Partner news Partner blog

Leading finance firms sign up to Mark Carney forum on low-carbon investment

2021-04-21 | The Guardian
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New report details the gendered and racial impacts of the fossil fuel industry in North America and complicit financial institutions

2021-04-14 | San Francisco Bay Area, California | WECAN
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More than half of Europe’s bank directors too compromised to end fossil fuel finance

2021-04-07 | DeSmog
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60 largest banks in the world have invested $3.8 trillion in fossil fuels since the Paris Agreement

2021-03-24 | CNBC
Blog
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Banking on Climate Chaos 2021: World’s 60 largest banks have poured USD 3.8 trillion into fossil fuels since Paris Agreement

Even amidst the global economic downturn, fossil fuel financing numbers were higher in 2020 than 2016
2021-03-24 | Nijmegen | BankTrack, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Reclaim Finance, Sierra Club
BankTrack news BankTrack blog Partner news Partner blog

Kerry to Wall Street: Put your money behind your climate PR

2021-03-12 | Politico
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Big banks make a dangerous bet on the world’s growing demand for food

While banks and asset managers are promising to divest from fossil fuels, they are expanding investments in high-carbon foods and commodities tied to deforestation.
2021-03-07 | Inside Climate News
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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
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Bank of America Announces Actions to Achieve Net Zero Greenhouse Gas Emissions before 2050

Releases 2030 Operational Goals
2021-02-11 | Bank of America
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Bank of America Sets Net-Zero Emissions Target Without Key Details To Get There

2021-02-11 | Sierra Club
Blog
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Bank of America climate announcement all future aspiration and no immediate action

2021-02-11 | Rainforest Action Network
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Bank lending to plastics industry faces scrutiny as pollution concerns mount

2021-01-07 | Reuters
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Big banks lead SBI bond despite Adani controversy

2021-01-06 | Global Capital
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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
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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, Reclaim Finance, ReCommon
BankTrack news BankTrack blog Partner news Partner blog

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

2020-11-30 | Bloomberg
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With Bank of America Announcement, Every Major US Bank Has Ruled out Funding for Arctic Drilling

2020-11-30 | Sierra Club, Sierra Club
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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
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Banks, insurers face pressure to stay away from Arctic drilling projects

2020-11-24 | Worldoil.com
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Brazilian and international banks financing global deforestation: Reports

2020-11-09 | Mongabay
Blog
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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
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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
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Bankrolling Extinction: The top 10 banks financing biodiversity loss

Report names HSBC, Bank of America, Mitsubishi Financial & others
2020-10-28 | portfolio.earth
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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)
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Oil scions rally wealthy peers to press banks on climate

2020-10-02 | Politico.com
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Western banks provide billions in backing for firms driving tuna species to collapse

2020-09-28 | Unearthed
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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
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New BankTrack Equator Principles reporting tracking tool launched

2020-09-21 | BankTrack
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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
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US banks are getting the message: Arctic drilling is bad business

2020-08-20 | Ben Cushing, Sierra Club
Blog
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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
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Corporate Backers of the Blue: How Corporations Bankroll U.S. Police Foundations

2020-06-18 | LittleSis
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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
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Stop the Money Pipeline: Private banks owning oil companies is a recipe for disaster

2020-04-10 | New York | Stop the Money Pipeline
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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
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Global finance sector failing to apply conservation criteria to pulp and paper funding

2020-03-21 | New York/Amsterdam | Environmental Paper Network
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Four US banks are the world's largest fossil fuel financers: analysis

BankTrack mentioned
2020-03-18 | The Hill
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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
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Pobladores/as se toman terrenos de Forestal Arauco en Laraquete

2020-03-12 | Resumen.cl
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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
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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
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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
BankTrack mentioned
2019-11-26 | Financial News
Blog
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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
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Saudi Aramco IPO: climate change fears cause banks to miss out on millions in fees

BankTrack mentioned
2019-11-21 | The Independent
Blog
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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
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Banks set to cash in on the Saudi Aramco IPO want you to know they’re still serious about climate change

BankTrack mentioned
2019-11-14 | Fortune
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Western banks funding Saudi Aramco IPO betraying climate change promises

2019-11-05 | Newsweek
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Banks warned over Saudi Aramco by environmental groups

2019-10-17 | The Guardian
Blog
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Environmental groups warn banks against climate and human rights implications of underwriting Saudi Aramco offering

2019-10-17 | Nijmegen, the Netherlands
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Top investment banks provide billions to expand fossil fuel industry

2019-10-13 | The Guardian
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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
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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
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Rio Grande Valley: Big banks urged not to back high risk fracked-gas export terminals

2019-08-14 | BankTrack
Blog
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Banks step away from US private prisons

2019-07-01 | BankTrack
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Bank of America Will Stop Lending to Private-Prison Firms

2019-06-27 | Bloomberg
Blog
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BankTrack 2019 Human Rights Benchmark: criteria and scope announced

2019-06-25 | Nijmegen | BankTrack
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US banks pledged to fund renewable energy, but they still spend way more on fossil fuels

2019-03-28 | Mother Jones
Blog
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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
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Global Banks, Led by JPMorgan Chase, Invested $1.9 Trillion in Fossil Fuels Since Paris Climate Pact

2019-03-20 | Desmogblog.com
Blog
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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
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Every two weeks a bank, insurer or lender announces new coal restrictions

Major financial institutions restricting coal funding tops 100
2019-02-27 | IEEFA
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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
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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
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Gwich’in Leaders travel to New York to tell banks: Defend the Arctic Refuge

2018-10-29 | Bernadette Demientieff
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Alaska Natives Call on Banks to Protect the Arctic National Wildlife Refuge From Drilling

2018-10-26 | Earther
Blog
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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
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USA: Govt. contractors accused of profiting from separation & detention of migrant & asylum seeking families

2018-07-25 | Business-humanrights.org
BankTrack news BankTrack blog Partner news Partner blog

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

2018-06-25 | Reuters
Blog
BankTrack news BankTrack blog Partner news Partner blog

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
BankTrack news BankTrack blog Partner news Partner blog

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

2018-05-31 | RAN
BankTrack news BankTrack blog Partner news Partner blog

Think the big banks have abandoned coal? Think again

2018-05-28 | The New York Times
Blog
BankTrack news BankTrack blog Partner news Partner blog

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
BankTrack news BankTrack blog Partner news Partner blog

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
BankTrack news BankTrack blog Partner news Partner blog

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
BankTrack news BankTrack blog Partner news Partner blog

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

2017-11-02 | Rainforest Action Network
Blog
BankTrack news BankTrack blog Partner news Partner blog

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
BankTrack news BankTrack blog Partner news Partner blog

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
BankTrack news BankTrack blog Partner news Partner blog

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
BankTrack news BankTrack blog Partner news Partner blog

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
BankTrack news BankTrack blog Partner news Partner blog

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
BankTrack news BankTrack blog Partner news Partner blog

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

2017-05-18 | Oil Change International
Blog
BankTrack news BankTrack blog Partner news Partner blog

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

2017-05-09 | Turtle Island | Mazaska Talks
Blog
BankTrack news BankTrack blog Partner news Partner blog

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

2017-04-06 | Alison Kirsch - Rainforest Action Network
Blog
BankTrack news BankTrack blog Partner news Partner blog

Who's bankrolling TransCanada?

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

Standard Chartered and other major banks financing palm oil

2017-03-16 | Energy Desk Greenpeace
Blog
BankTrack news BankTrack blog Partner news Partner blog

Rampal financing still in the balance as double standards mount

2016-12-21 | Greig Aitken – BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

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

2016-12-08 | Nijmegen, the Netherlands | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

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
BankTrack news BankTrack blog Partner news Partner blog

Climate Week NYC Sponsored by Banks Financing Fossil Fuel Projects

2016-09-22 | TriplePundit
Blog
BankTrack news BankTrack blog Partner news Partner blog

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
BankTrack news BankTrack blog Partner news Partner blog

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
BankTrack news BankTrack blog Partner news Partner blog

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

2016-05-25 | Nijmegen | BankTrack
BankTrack news BankTrack blog Partner news Partner blog

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

2015-07-21 | Rainforest Action Network
BankTrack news BankTrack blog Partner news Partner blog

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

2015-05-12 | Novethic
Blog
BankTrack news BankTrack blog Partner news Partner blog

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
BankTrack news BankTrack blog Partner news Partner blog

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

2015-05-06 | Reuters
Blog
BankTrack news BankTrack blog Partner news Partner blog

Climate breakthrough as string of banks dump coal financing

2015 | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

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
BankTrack news BankTrack blog Partner news Partner blog

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
BankTrack news BankTrack blog Partner news Partner blog

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

2014-10-29 | Nijmegen | BankTrack
BankTrack news BankTrack blog Partner news Partner blog

Coal is Poisoning the Cape Fear River

2014-05-29 | RAN blog
BankTrack news BankTrack blog Partner news Partner blog

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

2014-05-18 | RAN
BankTrack news BankTrack blog Partner news Partner blog

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

2014-05-14 | RAN
Blog
BankTrack news BankTrack blog Partner news Partner blog

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
BankTrack news BankTrack blog Partner news Partner blog

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

2014-05-07 | RAN
BankTrack news BankTrack blog Partner news Partner blog

CMPD prepared for large protest expected at BoA meeting

2014-05-06 | WSOC TV
Blog
BankTrack news BankTrack blog Partner news Partner blog

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
BankTrack news BankTrack blog Partner news Partner blog

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
BankTrack news BankTrack blog Partner news Partner blog

Investor Summit: Bank of America puts our Climate at Risk

2014-01-29 | RAN, Banktrack
BankTrack news BankTrack blog Partner news Partner blog

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

2013-12-12 | RAN
Blog
BankTrack news BankTrack blog Partner news Partner blog

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
BankTrack news BankTrack blog Partner news Partner blog

Banks Move to Measure Their True Climate Impacts

2013-10-29 | RAN
BankTrack news BankTrack blog Partner news Partner blog

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

2013-10-14 | RAN
BankTrack news BankTrack blog Partner news Partner blog

Divestors Take Their Fight to Big Banks

2013-10-10 | RAN
BankTrack news BankTrack blog Partner news Partner blog

Goldman and Deutsche back India Coal despite their environmental standards

2013-10-01 | The Guardian
BankTrack news BankTrack blog Partner news Partner blog

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

2013-09-24 | RAN blog
BankTrack news BankTrack blog Partner news Partner blog

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

2013-09-24 | RAN
BankTrack news BankTrack blog Partner news Partner blog

Regarding recent protests toward Bank of America on campus

2013-09-16 | Student Life
BankTrack news BankTrack blog Partner news Partner blog

Students protest Bank of America for funding coal mining

2013-09-16 | Student Life
BankTrack news BankTrack blog Partner news Partner blog

Is Bank of America really a corporate sustainability leader?

2013-09-16 | GreenBiz
Blog
BankTrack news BankTrack blog Partner news Partner blog

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

2013-09-13 | Nijmegen | BankTrack
BankTrack news BankTrack blog Partner news Partner blog

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
BankTrack news BankTrack blog Partner news Partner blog

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
BankTrack news BankTrack blog Partner news Partner blog

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
BankTrack news BankTrack blog Partner news Partner blog

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

2013-08-29 | Reuters
Blog
BankTrack news BankTrack blog Partner news Partner blog

Big banks warned to steer clear of Coal India share offer

2013-08-23 | India | Ashish Fernandes
BankTrack news BankTrack blog Partner news Partner blog

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

2013-06-24 | RAN Understory blog
BankTrack news BankTrack blog Partner news Partner blog

Bank of America Meeting Dominated by Anti-Coal Activists

2013-05-09 | The Street
BankTrack news BankTrack blog Partner news Partner blog

Eye to Eye with Brian Moynihan

2013-05-08 | RAN
BankTrack news BankTrack blog Partner news Partner blog

Gearing Up for Bank of America’s Shareholder Meeting

2013-05-07 | RAN
Blog
BankTrack news BankTrack blog Partner news Partner blog

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
BankTrack news BankTrack blog Partner news Partner blog

Extreme Investments: 2013 Coal Finance Report Card

2013-04-29 | RAN
BankTrack news BankTrack blog Partner news Partner blog

Need Not Twist Boston Arms to Pressure Bank of America

2013-03-29 | RAN
Blog
BankTrack news BankTrack blog Partner news Partner blog

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
BankTrack news BankTrack blog Partner news Partner blog

Bank of America’s Recruiters Not Welcome on Campus

2013-01-29 | RAN
Blog
BankTrack news BankTrack blog Partner news Partner blog

Coal India share issue collapses

2013 | BankTrack
BankTrack news BankTrack blog Partner news Partner blog

Hurricane Sandy Haunts CEOs at Economic Outlook Conference

2012-12-18 | RAN
BankTrack news BankTrack blog Partner news Partner blog

Equator Principles goes beyond project finance, improves transparency

2012-08-13 | Environmental Finance
BankTrack news BankTrack blog Partner news Partner blog

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

2012-06-22 | RAN understory blog
BankTrack news BankTrack blog Partner news Partner blog

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

2012-06-11 | RAN understory blog
BankTrack news BankTrack blog Partner news Partner blog

Banks Look to Burnish Their Images by Backing Green Technology Firms

2012-06-10 | The New York Times
BankTrack news BankTrack blog Partner news Partner blog

Protesters assail BofA mortgage practices

2012-05-09 | Charlotte, North Carolina, USA | Reuters
BankTrack news BankTrack blog Partner news Partner blog

Protesters, Shareholders Neutralized as Bank of America CEO Collects Millions

2012-05-09 | Charlotte, North Carolina, USA | The Nation
BankTrack news BankTrack blog Partner news Partner blog

Environmental groups rate banks based on support of coal

2012-05-01 | United States of America | The State journal
Blog
BankTrack news BankTrack blog Partner news Partner blog

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
BankTrack news BankTrack blog Partner news Partner blog

Don’t bank on the bomb

2012-03-05 | Washington | ICAN
Blog
BankTrack news BankTrack blog Partner news Partner blog

Bankrolling Climate Change

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

Banktrack says BofA and Wells Fargo are killing the climate

2011-11-30 | Durban | clclt.com
Blog
BankTrack news BankTrack blog Partner news Partner blog

Eight arrested during protest at Bank of America headquarters

2011-11-15 | Charlotte NC | Rainforest Action Network
BankTrack news BankTrack blog Partner news Partner blog

While BankTrack criticizes Equator Principles, IFC celebrates Community of Learning

2011-10-25 | Washington | prizmablog.com
BankTrack news BankTrack blog Partner news Partner blog

Time to Improve the Equator Principles, BankTrack Says

BankTrack mentioned
2011-10-24 | Washington | Social Funds
BankTrack news BankTrack blog Partner news Partner blog

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
BankTrack news BankTrack blog Partner news Partner blog

Financiers search for sustainable future

BankTrack mentioned
2011-10-20 | Washington | Environmental Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

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
BankTrack news BankTrack blog Partner news Partner blog

Bank Of America, The Bank Of Coal

2011-07-28 | RAN blog
BankTrack news BankTrack blog Partner news Partner blog

Bank Of America’s Shirking Responsibility Statement

2011-07-21 | RAN blog
BankTrack news BankTrack blog Partner news Partner blog

Bank of America’s Climate Commitment Ignores the Big Picture

2011-05-18 | RAN blog
Blog
BankTrack news BankTrack blog Partner news Partner blog

New report card exposes largest financers of mountaintop removal coal mining

2011-04-05 | San Fransisco | Rainforest Action Network
Blog
BankTrack news BankTrack blog Partner news Partner blog

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

2011-02-28 | London | Global Witness
Blog
BankTrack news BankTrack blog Partner news Partner blog

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
BankTrack news BankTrack blog Partner news Partner blog

Banks grow wary of environmental risks

2010-08-31 | NY Times
Blog
BankTrack news BankTrack blog Partner news Partner blog

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
BankTrack news BankTrack blog Partner news Partner blog

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
BankTrack news BankTrack blog Partner news Partner blog

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
BankTrack news BankTrack blog Partner news Partner blog

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
BankTrack news BankTrack blog Partner news Partner blog

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
BankTrack news BankTrack blog Partner news Partner blog

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
BankTrack news BankTrack blog Partner news Partner blog

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
BankTrack news BankTrack blog Partner news Partner blog

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
BankTrack news BankTrack blog Partner news Partner blog

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
BankTrack news BankTrack blog Partner news Partner blog

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
BankTrack news BankTrack blog Partner news Partner blog

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

2009-03-30 | Bonn, Nijmegen | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Bank of America stops funding Mountain Top Removal

Victory for Appalachia and anti-coal movement
2008-12-04 | San Fransisco | Rainforest Action Network
Blog
BankTrack news BankTrack blog Partner news Partner blog

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
BankTrack news BankTrack blog Partner news Partner blog

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
BankTrack news BankTrack blog Partner news Partner blog

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
Resources
Documents
Links

Letter to banks financing CP2 LNG terminal: withdraw your finance

NGO document
2025-06-27 00:00:00 | For a Better Bayou, Rainforest Action Network, BankTrack and others.

Response to the Call for Input from the United Nations Special Rapporteur on the Right to Food for the forthcoming thematic report to the UN General Assembly:

"Concentration of corporate power in global food systems and its implications for the realization of the right to food"
Partner publication
2025-06-12 00:00:00 | Friends of the Earth U.S., Foodrise, BankTrack, Rainforest Action Network, and the Institute for Agriculture and Trade Policy

Letter from BankTrack and Mars se Drine to Bank of America on Jadar project

Correspondence
2025-05-08 00:00:00 | BankTrack and Mars se Drine

Banking on biodiversity collapse 2024

Partner publication
2024-10-16 00:00:00 | Forest and Finance Coalition

Banking on a climate shipwreck

Exposing the role of global banks in the expansion of maritime fossil gas
NGO document
2024-10-10 00:00:00 | Stand.earth

NZBA 2024 Progress Report

Other document
2024-10-01 00:00:00 | NZBA

Sustainability at Bank of America

2024
Other bank document
2024-09-30 00:00:00 | Bank of America

Human Rights Statement

Bank policy
2024-08-07 00:00:00 | Bank of America

Response Tracking – Letter to 20 banks on ArcelorMittal, sent June 10th 2024

NGO document
2024-07-17 00:00:00 | BankTrack

Suzano's Pulp Fiction

Comparing words and deeds of the world’s largest eucalyptus pulp producer
NGO document
2024-07-16 00:00:00 | EPN

Modern Slavery Statement

Bank policy
2024-06-26 00:00:00 | Bank of America

Letter from BankTrack to Bank of America on Risks of Bank of America's relationship with ArcelorMittal

Correspondence
2024-06-10 00:00:00 | BankTrack

UNSUPERVISED - The carbon pollution of the world’s largest banks

NGO document
2024-05-21 00:00:00 | ReCommon

Banking on climate chaos 2024

Fossil fuel finance report 2024
BankTrack publication
2024-05-13 00:00:00 | BankTrack, urgewald, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Reclaim Finance & Sierra Club

Still Banking on Coal press release

Commercial Banks Still Deep into Coal 8 Years After Paris
Partner publication
2024-05-02 00:00:00 | Urgewald

Commercial Banks Still Deep into Coal 8 Years After Paris

NGO document
2024-05-02 00:00:00 | Urgewald

Addentum to the 2023 TCFD

Other bank document
2024-04-12 00:00:00 | Bank of America

Open letter signed by 81 CSOs to financiers Ithaca Energy about Rosebank oil and gas field

NGO document
2024-03-19 00:00:00 | BankTrack, Stop Rosebank

Still Butchering the Planet

Partner publication
2024-03-18 00:00:00 | Feedback

Annual Report 2023

Annual report
2024-03-11 00:00:00 | Bank of America

Finance for War. Finance for Peace

How values-based banks foster peace in a world of increasing conflict
Other document
2024-02-28 00:00:00 | Banca Etica Group and the Global Alliance for Banking on Values (GABV)

Coal Havens

The banks and loopholes keeping coal finance alive in Asia
BankTrack publication
2024-01-23 00:00:00 | BankTrack

Letter from BankTrack, Both ENDS and 12 other CSOs to Vale's investors on Brumadinho disaster 5th anniversary

Correspondence
2024-01-22 00:00:00 | BankTrack, Both ENDS and 12 other CSOs

Environmental and Social Risk Policy (ESRP) Framework

Bank policy
2023-12-31 00:00:00 | Bank of America

Letter from BankTrack to Bank of America on Ending support for metallurgical coal

Correspondence
2023-12-07 00:00:00 | BankTrack

Letter from BankTrack to Bank of America on posco relining plans

Correspondence
2023-11-29 00:00:00 | BankTrack

Letter from BankTrack, ACA, CTEA to Bank of America on the risks of investing in Rio Tinto and Winning International Group’s Simandou Project in Guinea

Correspondence
2023-11-20 00:00:00 | BankTrack, ACA, CTEA

Still bankrolling coal (for steel)

Why banks must quit metallurgical coal
BankTrack publication
2023-10-10 00:00:00 | Julia Hovenier, BankTrack

Gendered and racial impacts of the fossil fuel industry in North America and complicit financial institutions

NGO document
2023-09-20 00:00:00 | WECAN

Letter from BankTrack and 60 civil society groups to 20 bank financiers of Equinor on Equinor's proposed North Sea field Rosebank

Letter to financiers of Equinor on their client's ownership of Rosebank
Correspondence
2023-07-04 00:00:00 | BankTrack and 60 civil society groups

Supplier Code of Conduct

Bank policy
2023-06-21 00:00:00 | Bank of America

Will San Miguel Power a World Made Better?

Partner publication
2023-06-12 00:00:00 | CEED

BankTrack's submission to the public consultation on TNFD V0.4

BankTrack publication
2023-06-01 00:00:00 | BankTrack

Why banks should account for their full share of facilitated emissions

Banks are making progress on setting net-zero targets but most focus on lending and only a handful include capital markets facilitation – funding activities where banks do not provide capital themselves but play a critical role in facilitating access to it. Capital markets are a vital source of funding and will be key in delivering the low-carbon transition. In 2021 alone, global bond and equity issuances stood at US$26.8 trillion. This memo outlines why the industry-organised Partnership for Carbon Accounting Financials should include a 100% weighting for capital market facilitation.
NGO document
2023-05-23 00:00:00 | ShareAction

Banking on Climate Chaos 2023

Annual Banking on Climate Chaos report follows the money and details massive bank support for the world’s worst climate-destroying corporations
BankTrack publication
2023-04-13 00:00:00 | Rainforest Action Network, BankTrack, Indigenous Environmental Network, Oil Change International, Reclaim Finance, Sierra Club, Urgewald

Boom and Bust Coal 2023

Tracking the Global Coal Plant Pipeline
Partner publication
2023-04-06 00:00:00 | Global Energy Monitor

Annual report 2022

Annual report
2023-04-03 00:00:00 | Bank of America

Background briefing: Just 7% of global banks' energy financing goes to renewables, new data shows

BankTrack publication
2023-01-27 00:00:00 | Profundo for Sierra Club, Fair Finance International, BankTrack, Rainforest Action Network

BankTrack Global Human Rights Benchmark 2022

BankTrack publication
2022-11-17 00:00:00 | BankTrack

Who is financing fossil fuel expansion in Africa?

BankTrack publication
2022-11-15 00:00:00 | Urgewald, BankTrack, 350.org Africa, Africa Coal Network & Oilwatch Africa, et al.

Wall Street's Dirtiest Secret

How fossil fuel expansion depends on big bank finance
NGO document
2022-11-09 00:00:00

Responses received to letters sent to signatories of the Glasgow Financial Alliance for Net Zero

Other document
2022-10-17 00:00:00 | London Stock Exchange

Rio Grande Valley: At Risk From Fracked-Gas Exports 2022 Update

NGO document
2022-10-01 00:00:00 | Rainforest Action Network, Les Amis de la Terre, Save RGV, Carrizo Comecrudo Tribe of Texas

Vaca Muerta Basin: An Oil & Gas Trap

IMF and global capital markets neglect the risk of ballooning Argentina’s debt and liability problem
NGO document
2022-07-29 00:00:00 | Profundo, 350.org Argentina

Letter from BankTrack and Mars se Drine to Bank of America on Rio Tinto Jadar Lithium Mine

Correspondence
2022-07-13 00:00:00 | BankTrack and Mars se Drine

Letter from BankTrack, 350.org, Bank on our Future and Uplift to 25 banks on Shell's proposed Jackdaw gas field

Correspondence
2022-06-03 00:00:00 | BankTrack, 350.org, Bank on our Future and Uplift

Response to Bank of America’s new 2030 climate targets

NGO document
2022-04-13 00:00:00 | Stop the Money Pipeline

Approach to Zero: our commitment to helping finance the transition to net zero before 2050

Other bank document
2022-04-13 00:00:00 | Bank of America

Bank of America is the latest bank to set 2030 emissions targets with no plan for absolute reductions or phasing out fossil fuel finance

NGO document
2022-04-13 00:00:00 | Rainforest Action Network and Sierra Club

Banking on Climate Chaos 2022

Despite ‘net zero’ rhetoric, world’s biggest banks continued to pour billions into fossil fuel expansion in 2021
BankTrack publication
2022-03-30 00:00:00 | Rainforest Action Network, BankTrack, Indigenous Environmental Network, Oil Change International, Reclaim Finance, Sierra Club, urgewald

Investor Statement on Line 3, Oil Sands Projects, and FPIC

Other document
2022-03-30 00:00:00 | Investors & Indigenous Peoples Working Group

Annual report 2021

Annual report
2022-03-29 00:00:00 | Bank of America

Wall Street's carbon bubble: the global emissions of the US financial sector

NGO document
2021-12-14 00:00:00 | Sierra Club, Center for American Progress

Actions speak louder: Assessing bank responses to human rights violations

BankTrack publication
2021-12-14 00:00:00 | BankTrack

Letter from BankTrack to Bank of America on lithium mining in Serbia’s jadar valley

Correspondence
2021-12-12 00:00:00 | BankTrack

Drill, baby, drill

How banks, investors and insurers are driving oil and gas expansion in the Arctic
NGO document
2021-09-23 00:00:00 | Reclaim Finance

Recipients of the letter about the risk of the anti-environment agenda in the Brazilian Congress

NGO document
2021-08-19 00:00:00 | BankTrack

Forests & Finance 2021 Briefing - Is Your Money Destroying Rainforests or Violating Rights?

NGO document
2021-06-23 00:00:00 | Forests and Finance

Gendered and Racial Impacts of the Fossil Fuel Industry in North America and Complicit Financial Institutions

A Call to Action for the Health of our Communities and Nature in the Climate Crisis
NGO document
2021-04-14 00:00:00 | WECAN

Annual report 2020

Annual report
2021-03-09 00:00:00 | Bank of America

Open Letter from over 260 civil society organisations to banks on EACOP

NGO document
2021-02-25 00:00:00 | 263 CSOs

Complicity in Destruction III

NGO document
2020-11-27 00:00:00 | Amazon Watch

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

BankTrack publication
2020-11-24 00:00:00 | BankTrack

Complicity in Destruction III

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

Bankrolling Extinction: The top 10 banks financing biodiversity loss

NGO document
2020-10-28 00:00:00 | porfolio.earth

Complicity in Destruction III

NGO document
2020-10-27 00:00:00 | APIB and Amazon Watch

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

NGO document
2020-09-24 00:00:00 | Rainforest Action Network

Annual report 2019

Annual report
2020-04-28 00:00:00 | Bank of America

Banking on Climate Change - Fossil Fuel Finance Report 2020

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

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

Correspondence
2019-12-10 00:00:00 | BankTrack

Money to Burn

How iconic banks and investors fund the destruction of the world’s largest rainforests
NGO document
2019-09-23 00:00:00 | Global Witness

ESG performance data summary

Annual report
2019-07-01 00:00:00 | Bank of America

The Wall Street Banks Still Financing Private Prisons

2019 Data Brief
NGO document
2019-04-30 00:00:00 | ITPI, Public Accountability Initiative, Center for Popular Deocracy

Annual General Meeting Shareholder Briefing Bank of America

BankTrack publication
2019-04-25 00:00:00 | BankTrack

Annual report 2018

Annual report
2019-03-15 00:00:00 | Bank of America

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

Correspondence
2018-10-16 00:00:00 | BankTrack and 120 organisations

Banking on coal mining

U.S. banks’ performance against their policies since 2015
NGO document
2018-08-31 00:00:00 | Rainforest Action Network

Annual Report 2017

Annual report
2018-03-04 00:00:00 | Bank of America

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

NGO document
2018-02-28 00:00:00 | Business & Human Rights Resource Centre

Anti-money laundering questionnaire

Bank policy
2018-02-02 00:00:00 | Bank of America

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

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

The human cost of conflict palm oil - revisited

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

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

Correspondence
2017-06-06 00:00:00 | Rainforest Action Network et al

Annual Report 2016

Annual report
2017-05-17 00:00:00 | Bank of America

Environmental, Social and Governance Report 2016

Annual report
2017-05-16 00:00:00 | Bank of America

Dirty Bankers

How HSBC is financing forest destruction for palm oil
NGO document
2017-01-17 00:00:00 | Greenpeace

Developing countries lending criteria

Bank policy
2016-12-31 00:00:00 | Bank of America

Letter from 53 organisations to 5 banks on Exim India bonds

Correspondence
2016-12-08 00:00:00 | 53 organisations

Paper Procurement Policy

Bank policy
2016-10-28 00:00:00 | Bank of America

Position on Forest Certification

Bank policy
2016-10-28 00:00:00 | Bank of America

Forests Practices Policy

Bank policy
2016-10-28 00:00:00 | Bank of America

Shorting the Climate

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

Green Paper, Red Lines

Requirements for pulp and paper industry finance
BankTrack publication
2016-06-02 00:00:00 | BankTrack, Environmental Paper Network

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

BankTrack publication
2016-05-25 00:00:00 | BankTrack

Annual Report 2015

Annual report
2016-03-11 00:00:00 | Bank of America

Financing for a sustainable future

Estimating the environmental benefits of Bank of America's Environmental Business Initiative
Other bank document
2015-12-09 00:00:00 | Ernst & Young

Corporate Social Responsibility Report 2014

Annual report
2015-09-23 00:00:00 | Bank of America

The end of coal?

2015 Coal Finance Report Card
BankTrack publication
2015-05-04 00:00:00 | BankTrack, Rainforest Action Network, Sierra Club

Letter from EPN to Banks investing in April on APRIL

Correspondence
2014-12-10 00:00:00 | EPN

Banking on Coal 2014

BankTrack publication
2014-10-29 00:00:00 | BankTrack

CSR 2013 Report

Annual report
2014-05-01 00:00:00 | Bank of America

Coal Finance Report Card 2014

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

Letter from BankTrack to signatory banks on Green Bond Principles

Correspondence
2014-04-09 00:00:00 | BankTrack

Green Bond Principles 2014

Voluntary Process Guidelines for Issuing Green Bonds
Bank policy
2014-01-13 00:00:00 | The Green Bonds Principles

Annual Report 2013 BoA

Annual report
2014-01-01 00:00:00 | Bank of America

Code of ethics

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

Coal India: Running on Empty?

NGO document
2013-09-23 00:00:00 | Greenpeace India

Coal Finance Report Card 2013

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

Annual Report 2012

Annual report
2013-03-28 00:00:00 | Bank of America

Coal Risk Update March 2013

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

2012 CSR Report

Annual report
2013-01-24 00:00:00 | Bank of America

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

Correspondence
2012-11-06 00:00:00 | BankTrack et al.

Worldwide investments in Cluster munitions, a shared responsibility

NGO document
2012-06-20 00:00:00 | IKV Pax Christi & FairFin

Worldwide Investments in Cluster Munitions - June 2012 update

A shared responsibility
NGO document
2012-06-10 00:00:00 | FairFin and IKV Pax Christi

Coal Finance Report Card 2012

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

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

NGO document
2012-01-19 00:00:00 | RAN

Bank of America: Risking Public Health and the Climate

NGO document
2011-11-15 00:00:00 | Rainforest Action Network

Bank of America Cluster Munitions Investments

Other document
2011-05-25 00:00:00 | Netwerk Vlaanderen & IKV Pax Christi

Policy and Practice

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

The Principle Matter - Banks, Climate and the Carbon Principles

NGO document
2011-01-21 00:00:00 | Rainforest Action Network

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

Correspondence
2010-12-18 00:00:00 | Banktrack

Policy and Practice: report card on banks and mountaintop removal

BankTrack publication
2010-05-13 00:00:00 | Rainforest Action Network, Sierra Club, BankTrack

Close the Gap

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

Mountaintop Removal request for information letter sent to Bank of America

Correspondence
2010-04-15 00:00:00 | RAN, Sierra Club, BankTrack

Bank of America cluster munitions investments

Other document
2010-04-01 00:00:00 | Netwerk Vlaanderen, IKV PAX Christi

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

NGO document
2009-11-17 00:00:00 | Global Witness

Bank of America cluster munitions financing

Other document
2009-10-01 00:00:00 | Netwerk Vlaanderen et. al.

Worldwide investments in CLUSTER MUNITIONS, a shared responsibility

NGO document
2009-10-01 00:00:00 | Netwerk Vlaanderen, et. al.

Meek Principles for a Tough Climate

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

Profiles of U.S. Banks

NGO document
2008-01-11 00:00:00 | Ceres

Banks, Climate Change and the New Coal Rush

NGO document
2007-11-11 00:00:00 | RAN

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

NGO document
2007-10-24 00:00:00 | Rainforest Action Network (RAN)

BOA Research Report

Other document
2005-03-22 00:00:00 | EIRIS

Fact sheet on Bank of Amercia

Other document
2005-03-21 00:00:00 | EIRIS

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

Other document
2003-12-31 00:00:00
Accountability
Grievances
Response tracking

Bank of America provides an Ethics and Compliance Hotline, which it states can be used by any individual or group to report complaints or potential violations related to ethical concerns or other misconduct, including adverse human rights impacts. Complaints can be raised here. Stakeholders may also raise complaints via the OECD National Contact Points (see OECD Watch guidance).

 

This page evaluates Bank of America's responses to instances of alleged human rights violations linked to its finance, raised by civil society organisations. It is not intended to be exhaustive, but covers selected impacts raised by BankTrack and other civil society partners since 2016. For the full scoring methodology, see here. For more information about BankTrack's evaluation of bank responses to human rights impacts, see the 2021 report "Actions speak louder: assessing bank responses to human rights violations".

Impacts reviewed
Responded?
Total score
Response
Action
Monitoring
Drummond and paramilitary violence in Colombia (May 2016)
0
0
0
0
Dodgy Deal profile
Response
0
Out of 1
Rationale for score
The bank publicly responded stating that it "does not comment on past or present client relationships". A representative of the bank arranged to speak with BankTrack by telephone, but asked that the discussion remain confidential.
Action
0
Out of 1
Rationale for score
The bank provided no details publicly on whether it engaged with its client or took appropriate action.
Monitoring
0
Out of 1
Rationale for score
No information available on whether the bank monitored progress.
More info
BankTrack Human Rights Briefing, May 2016
Myanmar: Equity exposure to companies linked to the military regime (October 2021)
0
0
0
0
Dodgy Deal profile
Response
0
Out of 1
Rationale for score
The bank responded to say that unlike other large investment firms, they do not have mutual funds that they manage. The response, which was publicly provided to the Business and Human Rights Resource Centre, does not speak to the subtance of the issues raised or acknowledge a link to the companies mentioned in the report.
Action
0
Out of 1
Rationale for score
No information available on whether the bank engaged with its client or investee companies or took appropriate action.
Monitoring
0
Out of 1
Rationale for score
No information available about whether the bank monitored progress.
More info
Myanmar: Report alleges banks hold shares in companies affiliated with military junta & its conglomerates, July 28, 2021
Banks and Dirty Diesel: Vitol and Trafigura (May 2017)
0
0
0
0
Dodgy Deal profile
Response
0
Out of 1
Rationale for score
The bank did not respond.
Action
0
Out of 1
Rationale for score
No information available on whether the bank engaged with its client or took appropriate action.
Monitoring
0
Out of 1
Rationale for score
No information available on whether the bank monitored progress.
More info
BankTrack Human Rights Briefing, May 2017
Complicity in Destruction IV: Mining and Indigenous Rights in the Amazon (March 2022)
0
0
0
0
Dodgy Deal profile
Response
0
Out of 1
Rationale for score
The bank did not respond.
Action
0
Out of 1
Rationale for score
No information available on whether the bank engaged with its client or took appropriate action.
Monitoring
0
Out of 1
Rationale for score
No information available on whether the bank monitored progress.
More info
"Investment funds injected US$ 54.1 billion into mining companies with interests in Indigenous territories in the Amazon", February 2022
Deforestation in the Amazon (July 2019)
0
0
0
0
Dodgy Deal profile
Response
0
Out of 1
Rationale for score
The bank did not respond.
Action
0
Out of 1
Rationale for score
No information available on whether the bank engaged with its client or took appropriate action.
Monitoring
0
Out of 1
Rationale for score
No information available on whether the bank monitored progress.
More info
Business and Human Rights Resource Centre, 2019
East African Crude Oil Pipeline (March 2021)
0
0
0
0
Dodgy Deal profile
Response
0
Out of 1
Rationale for score
The bank did not respond.
Action
0
Out of 1
Rationale for score
No information available on whether the bank engaged with its client or took appropriate action.
Monitoring
0
Out of 1
Rationale for score
No information available on whether the bank monitored measures taken by its client to address the impacts associated with the project.
Rio Tinto's Jadar mine, Serbia (December 2021)
0
0
0
0
Dodgy Deal profile
Response
0
Out of 1
Rationale for score
The bank did not respond.
Action
0
Out of 1
Rationale for score
No information available on whether the bank engaged with its client or took appropriate action.
Monitoring
0
Out of 1
Rationale for score
No information to indicate the bank is monitoring the actions of its clients, or actions it might itself have taken in response to the impacts raised.
More info
Letter to financiers of Rio Tinto, December 2021
ArcelorMittal steel impacts (June 2024)
0
0
0
n/a
Dodgy Deal profile
Response
0
Out of 1
Rationale for score
The bank did not respond
Action
0
Out of 1
Rationale for score
No information available on whether the bank engaged with its client or took appropriate action.
Monitoring
n/a
Rationale for score
The impact was not raised over a year ago and therefore is not scored on monitoring progress.
More info
See the summary of bank responses here.
Average
25%
0
0
0
0
Banks and Climate

Banks and Climate

The 2025 Banking on Climate Chaos report showed that Bank of America provided $158.9 bn in financing to the fossil fuel industry between 2021 and 2024. In 2024 only, Bank of America provided $46.0 bn, including $23.5 bn for oil, gas and coal companies expanding fossil fuels. Bank of America was the second-largest fossil fuel financier in 2024. Find further details on Bank of America's fossil fuel portfolio and how it compares to other large banks globally on the Banking on Climate Chaos website below.

Banking on Climate Chaos fossil fuel finance data

Partner organisation Reclaim Finance tracks the coal, oil and gas policies of financial institutions, including banks, in their Coal Policy Tool (CPT) and the Oil and Gas Policy Tracker (OGPT). BankTrack works closely with Reclaim Finance and endorses their policy assessments. Find further details on their assessment of Bank of America’s fossil fuel policy below.

Assessment of Bank of America coal policy in the Coal Policy Tool

Assessment of Bank of America oil and gas policy in the Oil and Gas Policy Tracker
Banks and Human Rights

Banks and Human Rights

BankTrack assessed Bank of America in its 2024 Global Human Rights Benchmark, where it achieved 6 points out of 15 and was ranked as a “follower”.

The bank scored 1.5 out of 3 points on the new “specific rights indicators”, which assess how banks address human rights defenders, Indigenous Peoples’ right to Free, Prior and Informed Consent and environmental rights in their policies and practices.

In addition, Bank of America scored 0 out of 3 on how it responds to alleged human rights violations linked to its finance, which were raised by civil society organisations. More information is detailed in the “Accountability” section of this profile.

The BankTrack Human Rights Benchmark

The table below shows BankTrack's assessment of how Bank of America has implemented the UN Guiding Principles on Business and Human Rights. Please click on 'expand all details' and 'explanation' for further information on the methodology.

Our policy assessments are always a work in progress. We very much welcome any feedback, especially from banks included in the assessments. Please get in touch at humanrights@banktrack.org.

Global Human Rights Benchmark 2022

BankLast update
Country
Score
Ranking
Details
Bank of America
USA
6
Follower 6
Explanation
Laggard
Follower
Front runner
Leader
0 - 3 points
3.5 - 6.5 points
7 - 10 points
10.5 - 14 points
For more details see this page.

Global Human Rights Benchmark 2024

BankLast update
Country
Score
Ranking
Details
Bank of America
USA
6
Follower 6
Explanation
Laggard
Follower
Moderate achiever
Leader
0 - 3 points
3.5 - 7 points
7.5 - 10.5 points
11 - 15 points
For more details see this page.
Banks and Nature

Banks and Nature

Bank of America’s policies for forest-risk sectors (beef, soy, palm oil, pulp and paper, rubber and timber) have been assessed by the Forests & Finance coalition, achieving an overall score of 3.5 out of 10 and ranking it as a follower. Bank of America achieved a score of 3.2 out of 10 specifically for its policies related to the beef sector and 5.9 out of 10 for its policies related to the palm oil sector. In addition, BankTrack and the Environmental Paper Network have assessed Bank of America’s policies related to the pulp and paper sector.

Between 2016 and 2022, Bank of America provided USD 4,955 million in credit to companies operating in these forest-risk sectors and held investments amounting to USD 27 million as of 2022. For more information, see the links below.

Forests & Finance

Banks and beef

Banks and palm oil

Banks and pulp & paper

Forest & Finance Policy Assessment 2022: Overall scores

BankLast update
Country
Score
Ranking
Details
Bank of America
2022-09-21
USA
3.5
Follower 3.5
Explanation

A bank can obtain a total of 10 points for the quality of its policies. The total score is based on their scores per sector, weighted against their financing and investment for each sector. For further details on this see here. Based on their overall score, banks are then classified as Laggards, Followers, Front runners or Leaders, as follows:

Laggard
Follower
Front runner
Leader
0 - 1 points
1 - 4 points
4 - 7 points
7 - 10 points
For more details see this page.

Forest & Finance Policy Assessment 2022: Beef

BankLast update
Country
Score
Ranking
Details
Bank of America
2022-09-21
USA
3.2
Follower 3.2
Explanation

A bank can obtain a total of 10 points for the quality of its beef policy. The total score is based on their scores per sector, weighted against their financing and investment for each sector. For further details on this see here. Based on their overall score, banks are then classified as Laggards, Followers, Front runners or Leaders, as follows:

Laggard
Follower
Front runner
Leader
0 - 1 points
1 - 4 points
4 - 7 points
7 - 10 points
For more details see this page.

Forest & Finance Policy Assessment 2022: Palm Oil

BankLast update
Country
Score
Ranking
Details
Bank of America
2022-09-21
USA
5.9
Front runner 5.9
Explanation

A bank can obtain a total of 10 points for the quality of its palm oil policy. The total score is based on their scores per sector, weighted against their financing and investment for each sector. For further details on this see here. Based on their overall score, banks are then classified as Laggards, Followers, Front runners or Leaders, as follows:

Laggard
Follower
Front runner
Leader
0 - 1 points
1 - 4 points
4 - 7 points
7 - 10 points
For more details see this page.
Tracking the NZBA

Tracking the Net Zero Banking Alliance

Bank of America left the Net Zero Banking Alliance (NZBA) on 31 December 3 2024. Before that, as a NZBA member it had committed to reduce its financed emissions to net zero by 2050; within 18 months of joining the alliance set interim targets for 2030 (or sooner) for high emission priority sectors, and within 36 months set further sector targets; set new intermediary targets every 5 years from 2030 onwards; annually publish data on emissions and progress against a transition strategy including climate-related sectoral policies; and take a robust approach to the role of offsets in transition plans. BankTrack will keep track of Goldman Sachs and other ex-NZBA member banks' climate action in a specific section of the NZBA tracker. 

 

Tracking NZBA banks commitments
Banks and Steel

Banks and Steel

Partner organisation Reclaim Finance’s 2023 report on metallurgical coal financing showed that Bank of America provided US$ 6.7 billion in loans and underwriting to developers of new metallurgical coal between 2016 and 2022. Find further details on Bank of America’s metallurgical coal financing and and how it compares to other large banks globally in the report.

Reclaim Finance tracks the metallurgical coal policies of financial institutions, including banks, in their Coal Policy Tool. BankTrack works closely with Reclaim Finance and endorses their policy assessments. Find further details on their assessment of Bank of America’s metallurgical coal policy below.

Metallurgical Coal Financing: Time to call it off 2023

Coal policy tool

Steeling our future: The banks propping up coal-based steel
Good Moves

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…