Bank of America sustainability score: 34/100
Bank of America is a US bank headquartered in Charlotte, North Carolina, providing consumer banking, wealth management, investment banking and corporate lending. It had about 213,000 employees and $113.1 billion in FY2025 revenue, net of interest expense.
Founded 1998Head office Charlotte, North Carolina, United StatesStaff ~213,000 (FY2025)Revenue $113,097M total revenue, net of interest expense (FY2025)Website ↗
Banking on Climate Chaos ranks Bank of America the second-largest fossil-fuel financier, with $47.3 billion in 2025, and it removed its coal and Arctic financing bans in 2023. It publishes financed emissions for seven sectors but no portfolio total, its 2030 financing targets are intensity-only, and it left the Net-Zero Banking Alliance at the end of 2024. Its operational reporting is stronger: Scope 1 and 2 have reasonable assurance, and it met its potable-water reduction target.
Bank of America scores 34/100 (Below expectations) on SINK's independent climate assessment, scored from public data only. Scores are free. Companies can never pay for anything about their own score. Last verified October 2026.
That places Bank of America joint 565th of 934 companies scored, and joint 28th of 59 in Financial Services / Banking.
What is Bank of America doing well, and where does it fall short?
Strongest on Carbon Footprint: Operations and Energy Source (8/10, 6/10). Weakest on Emissions Trajectory and Controversies & Red Flags (2/10, 2/10).
Where Bank of America lost points
For each question that lost points, the evidence our public rubric looks for that we didn't find.
- Emissions from its own operations8/10No verified figures published with their method and a falling trend.
- Emissions from its supply chain4/10Most of its supply-chain (Scope 3) emissions aren't measured.
- Whether its emissions are falling2/10No evidence its emissions are falling, not even from energy bills or mileage.
- How clean its energy is6/10Less than 90% of its energy shown to be renewable.
- Its effect on nature4/10Its effect on nature isn't measured or independently verified.
- How it uses materials and handles waste6/10No verified figures for reuse and recycling across the business.
- Its effect on water6/10No water stewardship programme or verified fall in water use.
- Its climate targets3/10No specific targets with dates.
- How openly it reports6/10No annual impact report, or no pay linked to climate targets.
- Its record on controversies2/10Points deducted for controversies or its business model. The finding is under question 10.
A score changes when the evidence does. We use new published evidence at the next rescore. Anyone can send us new evidence, free. How to send it.
How is Bank of America's SINK score calculated?
Same ten questions for every company. No private weighting.
SINK = (0.3 × Base + 0.7 × Performance) × ScaleHas Bank of America's score changed?
Bank of America's score has moved from 27 to 34 across 2 recorded reviews, up 7 points.
- 27 → 34+720 October 2026
Fortune 50 re-score on methodology v2.5.17 (fresh research); financed-emissions 0.70x floor shown
- Scored 278 February 2026
Initial score at platform launch
What evidence is Bank of America's score based on?
14 sources used in this assessment. All publicly available. Each row shows which of the ten questions it informed.
7% of them were published by Bank of America itself; the rest come from independent sources.
13 of 14 sources are independent of the company.
“Scope 1 direct emissions Metric tons CO e 106,870 66,775 68,050 65,763”
“Reasonable Assurance of the environmental data and information included in the Report for the calendar year 2024”
“including our goals to achieve net zero greenhouse gas (GHG) emissions before 2050 in our financing activities, operations and supply chain”
“Bank of America committed the second-highest financing to fossil fuel companies for the second year in a row, with $47.3 billion”
“No. 2-ranked Bank of America ($47.3 billion in 2025)”
“Bank Of America is linked to a number of companies and projects that BankTrack considers”
“Bank of America has been the world's fourth largest funder of fossil fuels since the Paris Agreement, providing over $279 billion”
“Bank of America has dramatically backpedaled on climate commitments and removed explicit bans on financing coal mines and Arctic drilling.”
“Bank of America has published a partial account of its climate-related”
“U.S. banks Citigroup, and Bank of America, announced that they are exiting the Net-Zero Banking Alliance (NZBA)”
“Citibank and Bank of America withdrew from NZBA in the waning hours of 2024”
“Bank of America appears to be walking back a pledge the company made in 2021 to not finance new coal mines”
“Bank of America is now the only major US bank lacking specific policy restrictions banning arctic drilling and new coal extraction and plant construction.”
“Bank of America selected the IEA NZ 2050 scenario to guide their net zero target setting.”
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How does Bank of America compare with other financial services / banking companies?
Where Bank of America sits among financial services / banking peers.
Among the 59 major financial services / banking brands we've scored, Bank of America is tied =28th of 59, with 4 others.
Who scores higher in Financial Services / Banking?
The 3 companies in the sector scoring nearest above Bank of America.
M&G manages £375.9B in assets while holding £1.5B in coal exposure and material fossil-fuel investments.
See the breakdown →Octopus Group does not publish the emissions it finances on the standard PCAF basis, so the financial-sector size deduction applies; the figure it gives, about 242,000 tCO2e, halved mainly because £2.8 billion of funds moved to another manager.
See the breakdown →Barclays operates with operational emissions under control but finances fossil fuels at scale—$34–35bn annually—undercutting climate commitments.
See the breakdown →Which companies moved this week, and why.
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