BofA's First CSR Report Details Nearly $12B in Green Commitments

Published July 13, 2011

Bank of America Corporation, the largest bank in the U.S., issues its first CSR report today providing a comprehensive, deeply detailed view of billions of dollars in environmental business initiatives, hundreds of billions for community development, and hundreds of millions in philanthropy.

"As you read this report, you will find ample evidence of our progress and the advantages of being big," said Anne M. Finucane, global strategy and marketing officer, in the report. "Our size, scope, capabilities and commitment can be a powerful source for doing good."

The 87-page report covers corporate social responsibility efforts through December 2010, updating and expanding BofA's 2010 Environmental Progress Report, which was released last September.

GreenBiz.com reported on BofA's latest figures and goals for environmental performance in May. Yet, while the statistics released by BofA in the spring are more recent, the inaugural CSR report provides an unprecedented look at the bank's broader business sustainability initiatives, their goals and targets, and progress toward them.

Here is a chart summarizing BofA's nearly $12 billion of spending and commitments for environmental business initiatives. The bank has planned to deliver $20 billion toward the initiatives by 2017.

Next Page: Measuring BofA's CSR Progress.

Leslie Guevarra is an editor at GreenBiz.com.

She has been a reporter and editor online and in print, an associate producer and public affairs program host on television, and a podcaster.

Good for BofA. But why don't

Anna Porter (not verified), July 14, 2011 - 15:26

Good for BofA. But why don't their minions in their retail bank and residential centers know about their commitment to the environment? And why don't they get on the bandwagon for encouraging green building standards in residential buildings by offering at least EEM's (Energy Efficient Mortgages) and EIM's (Energy Improvement Mortgages) to bring the more than 80% of existing homes up to an energy efficient standard

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BofA's First CSR Report Details Nearly $12B in Green Commitments

Comments (1)

Good for BofA. But why don't

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BofA's First CSR Report Details Nearly $12B in Green Commitments

Comments (1)

Good for BofA. But why don't

GreenBiz Events