Bank of America joined select other big banks who’ve pledged to achieve net-zero greenhouse gas emissions through its financing before 2050.
Some environmental-minded and risk-averse shareholders are increasingly concerned about the systemic impacts of climate change to the economy, including that major banks continue to finance growth in fossil-fuel projects.
Last summer, Bank of America
joined the Partnership for Carbon Accounting Financials (PCAF). In collaboration with 15 other financial institutions, Bank of America participated in the development of the Global GHG Accounting and Reporting Standard for the Financial Industry, which is intended to provide a consistent methodology to