Items Tagged with "Bank Of America"

Bank of America deployed $14.5B in renewable energy, efficiency projects in 2015

Bank of America Corp. reported that it provided $14.5 billion in financing for renewable energy, energy efficiency and other sustainable projects in 2015, and continues to reduce greenhouse gas emissions within its own operations. Examples of Bank of America's renewable energy&nb Read More...

BofA aims for 100% renewables, carbon neutrality

Bank of America has announced a new set of environmental goals, including a commitment to powering its operations with 100% renewable energy by 2020. The Charlotte,N.C.-based banking giant said in a Sept. 19 news release that its new 2020 goals support its effort to reduce the environmenta Read More...

Bank of America issues its largest green bond

Continuing a commitment to help the advancement of renewable energy, Bank of America Corp. has issued its third and largest green bond, for $1 billion in aggregate principal amount. Green bonds are classified as "green" for the requirement that capital raised through them be exclusively used fo Read More...

ExxonMobil, Bank of America to fund Stanford energy research

ExxonMobil and Bank of America have signed on as founding members of the Stanford Strategic Energy Alliance, committing $20 million and $7.5 million, respectively.The research program is designed "to accelerate the transformation of the world’s energy infrastructure to make it more sustainable Read More...

Bank of America commits to long-term RECs

Bank of America will purchase renewable energy certificates (RECs) generated from the first commercial integrated solar-wind hybrid power generation project in the U.S., to be built in Minnesota. The purchase will cover the bank’s electricity usage in the state and will contribute to its 2020 Read More...

Bank of America aims for targets with solar at 60+ locations

Bank of America announced the expansion of its environmental operations efforts to include the installation of solar panels across multiple locations through its Onsite Solar Initiative. The addition of solar power at a variety of the bank's facilities - including financial centers, ATMs, office loc Read More...

Bank of America to install EV charging across eight states

Bank of America will be installing electric vehicle charging stations at various locations across the U.S. through a new partnership with Electrify America announced Dec. 17.The financial institution will be installing approximately 40 charging stations with a total of 140 EV charges by the end of 2 Read More...

Bank of America meets carbon neutrality goals early

Bank of America has achieved its carbon neutrality goal a year ahead of schedule through the reduction of Scope 1 and 2 emissions, purchasing 100% renewable electricity and buying carbon offsets for the remaining emissions.The banking institution had set a goal to reduce emissions by more than 50% s Read More...

Bank of America discloses update on climate task force

Bank of America announced April 30 that they released their Task Force on Climate-related Financial Disclosures (TFCD) Report to address how the company is evaluating the impact of climate change on business, effectively managing those risks and continuing to enhance their understanding of how to me Read More...

Bank of America completes long-term agreements for 10 solar projects

Bank of America announced June 29 a sweeping package of 10 new solar agreements totaling 200 MW that will provide over 340,000 MWh of clean energy annually and cover 100% of the electricity requirements in the Carolinas and Texas, which accounts for nearly 21% of the bank’s U.S. electricity us Read More...

Smart Energy Voices Podcast - Episode 7: Innovative Approaches to Achieving Renewable Energy and Climate Goals with Valerie Car

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New emissions reporting standard addresses carbon footprint of lending and investment

The Partnership for Carbon Accounting Financials (PCAF) announced Nov. 18 that it released the first global standard for measuring and reporting emissions associated with loans and investments.This standard, launched during London Climate Action Week, will give banks, asset managers and asset owners Read More...

Bank of America sets steps for net zero by 2050

Bank of America announced on Feb. 11 a series of initial steps it will take to achieve its goal of net zero GHG emissions in it financing activities by 2050, as well as broader 2030 operational and supply chain goals as part of a holistic commitment to environmental sustainability.“It is criti Read More...

Bank of America Installs Rooftop Solar on Corporate Campus

Bank of America announced Oct. 26 the installation of a solar project at its corporate campus in Chandler, Ariz., that is expected to offset 60% of the facility’s annual electricity demand.The 10,000 solar modules were installed on building rooftops and covered carports by Ameresco, in additio Read More...

Bank of America Issues Second Equality Progress Sustainability Bond

Bank of America announced the issuance of its second Equality Progress Sustainability Bond for $2 billion. The use of proceeds from the bond offering is designed to advance racial and gender equality, economic opportunity and environmental sustainability. This transaction marks the first offeri Read More...