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3

Bank of America

BAC

U.S.

In 2007, even as the financial crisis began taking huge bites out of its balance sheet, Bank of America committed to lending, investing, and otherwise raising $20 billion for low-carbon and sustainable business. It has since added $125 billion to that commitment—and deployed $96 billion—financing everything from green skyscrapers in Manhattan to cleaner cookstoves in Kenya. The bank helped invent, and is now the biggest player in, the market in “green bonds,” which secure better financing for climate-protecting projects; green bond issuance worldwide soared from $13 billion in 2013 to $161 billion last year. Fortune takes a closer look at Bank of America’s green innovations in this feature story from our Sept. 1, 2018 issue.

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Impact Segment

Environmental Impact

Sector

Financials

Industry

Commercial Banks

CEO

Brian Moynihan

Employees

209,376

Company Type

Public

Revenues ($M) (Last Fiscal Year)

$100,264

Profits ($M) (Last Fiscal Year)

$18,232

Market Value ($M)

$307,139

News about Bank of America

Market Woes, CLOs, and Jho Low: What We Learned From Wall Street Earnings Week

Banking profits remained robust, but December’s volatility hurt bottom lines and analysts are keeping an eye on leveraged loans.

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Nearly All Major Economies Will Experience a Slowdown Next Year

The global economy gets a gut check—but don't sweat a recession, economists say.

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Bank of America CEO to Star in Ad Campaign—Helped by Matt Damon

“I am Brian Moynihan, and I work for Bank of America.”

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What's Holding Companies Back From Improving the Diversity of Their Workforce

Executives from Bank of America and IBM discussed the topic at Fortune's Brainstorm Reinvent conference.

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