Created before Nov 2016
Last update: 2018-04-26 10:00:16
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About Bank of America
Bank of America is an American multinational banking and financial services corporation and is the second largest bank holding company in the United States by assets, and the fourth largest bank in the U.S. by market capitalization. Bank of America serves clients in more than 150 countries and has a relationship with 99% of the U.S. Fortune 500 companies and 83% of the Fortune Global 500. The company is a member of the Federal Deposit Insurance Corporation (FDIC) and a component of both the S&P 500 Index and the Dow Jones Industrial Average. In 2008 Bank of America acquired Merrill Lynch, enabling the bank to become the world's largest wealth management corporation and a major investment bank.
Website | http://www.bankofamerica.com |
Headquarters |
100 North Tryon Street
28255 Charlotte, NC
United States
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CEO/chair |
Brian T. Moynihan CEO |
Supervisor | |
Annual report | Annual Report 2017 |
Ownership |
listed on NYSE Euronext & Tokyo Stock Exchange
Bank of America's share holder structure can be accessed here. |
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Policies
Voluntary initiatives
Bank of America has committed itself to the following voluntary standards:Investment policies
An overview of Bank of America's policies can be found on its Environmental governance and policies page, here.
Campaigns
Bank of America and the Equator Principles
The Equator Principles are a voluntary commitment of banks to try to avoid or minimise the social, environmental and human rights impact of projects they finance. For more information on the Equator Principles see their website here and the campaign page of BankTrack here.
The Equator Principles exist already since 2003. Bank of America adopted the Equator Principles in 2004.
Reporting on the Equator Principles
Bank of America must report annually on its implementation of the Equator Principles. All information is supposed to be found here.
- Bank of America is in compliance with its reporting obligations. The 2016 report can be found here.
Dodgy Deals
Bank of America is involved in financing the following Equator Principles projects that BankTrack considers controversial.
Human rights
True leader
Front runner
Follower
Laggard
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BankTrack has assessed Bank of America on its implementation of the UN Guiding Principles on Business and Human Rights in June 2016. Bank of America is assessed as a Laggard, with a total score of 1/12.
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Equator Principles
Implementation and reporting
Bank of America is reporting on the implementation here.