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Courtesy of Vivint Solar

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

Bank of America CEO: ‘We Want a Cashless Society’

Brian Moynihan kicked off Fortune’s inaugural Brainstorm Finance conference by discussing the bank’s embrace of technology.

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U.S. Women Control $14 Trillion—but Most Wealth Managers Still Ignore Them

"Increasingly, the female member of a couple is the shot-caller. Arguably it’s the most powerful trend in our industry.”

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Bank of America Hiking Minimum Pay for Employees to $41,000

Will raise minimum wage gradually over two years.

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The Hidden Price of Cashless Retail

Amazon Go stores are part of a wider problem.

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