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Bank of America (BofA) announced on Thursday (11) its goal of achieving net zero emissions of greenhouse gases in its financing, operations and supply chain activities before 2050.

“We recognize that it will not be an easy task, but we believe that our commitment will help stimulate the growth of zero-carbon energy and sustainable energy, transportation and agriculture solutions and other transformations in the sector, while generating more climate-resistant and equitable opportunities. for our future, ”said Bank of America vice president Anne Finucane, who leads the environmental, social and sustainable governance sector of the company finance, capital distribution and public policy efforts at BofA.

The bank achieved carbon neutrality in its operations in 2019, a year ahead of schedule, and increased the number of suppliers that publicly measure and report greenhouse gas emissions.

Among the goals to be pursued by 2030, in its entire chain of operations and supply are the maintenance of carbon neutrality for operations, the use of 100% zero carbon electricity, reducing the use of energy by 55% and drinking water in 55%, discard 100% of electronic waste using certified responsible suppliers and continue to reduce the use of paper, 100% from certified sources).

Also part of the bank’s goals are the distribution of capital for sustainable and low-carbon business activities and to “significantly” increase investment in low-carbon technologies.

By Weruska Goeking, Valor Investe. Posted on 11/02/2021

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