Bank of America ranked second overall among the world’s top financial
institutions and was the highest ranked U.S.-based global financial
company in the recently released Bloomberg Markets magazine’s “Greenest
Banks” report. This distinction adds to the growing list of global
recognition Bank of America has received for the lending, investing and
advisory services it provides under the company’s 10-year, $20 billion
environmental business initiative, as well as operational achievements.
The ranking, which can be found on Bloomberg,
will also appear in the May issue of Bloomberg Markets magazine. The
ranking measures financial institutions’ efforts across renewable and
low-carbon energy sectors, as well as each company’s own operational
impacts and sustainability efforts to reduce energy consumption.
Highlighting Bank of America’s performance were two landmark distributed
solar power transactions in 2011.
Beyond the two noteworthy deals, which are expected to help create jobs
and hundreds of megawatts of clean, renewable energy, Bank of America
advanced its environmental business initiative – delivering more than
$3.65 billion in lending, investing and advisory services in 2011. The
company also announced a new 15 percent global greenhouse gas emission
reduction goal by 2015, which combined with previous emissions
reductions, will comprise a more than 30 percent reduction over 2004
“Our clients operate globally, and rewarding business opportunities are
abundant in the new energy economy,” said Brian Moynihan, chief
executive officer, Bank of America. “Because we have set ambitious
business objectives and strong sustainability goals of our own, we can
help deliver value to clients.”
Bloomberg assembled data for the “Greenest Banks” ranking from publicly
available sources such as websites and regulatory filings.