Bank of America Increases Environmental Business Initiative Target to $1 Trillion by 2030
Bank of America Corporation (BAC)
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Source: Business Wire
Significant Increase from $300 Billion Target by 2030 set in 2019Company Also Sets Broader SDG-Focused Sustainable Finance Target of $1.5 Trillion by 2030 CHARLOTTE, N.C.--(BUSINESS WIRE)--Bank of America today announced a goal of deploying and mobilizing $1 trillion by 2030 in its Environmental Business Initiative in order to accelerate the transition to a low-carbon, sustainable economy. This commitment will anchor a broader $1.5 trillion sustainable finance goal by both environmental transition and social inclusive development purposes, spanning business activities across the globe.“The private sector is well-positioned to ensure that the capital needed – at the scale it is needed – can drive the transition to a low-carbon, sustainable economy,” said Bank of America Vice Chairman, Anne Finucane, who leads the company’s environmental, social and governance (ESG), sustainable finance, and public policy efforts. “We will meet our commitment by working with clients to provide lendi
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