Bank of America·Financial Services / Banking·Charlotte, United States·Founded 1998·Last verified 31 May 2026
27
out of 100
Significant gapsPending Review-25 since last review

Bank of America is the world's fourth-largest fossil fuel financier with $280B directed to coal, oil, and gas since Paris. Its operational emissions fell 61% since 2010, but financed emissions—the bank's dominant impact—are tracked only by intensity, allowing absolute exposure to rise. Left the Net Zero Banking Alliance and rolled back climate restrictions under political pressure.

The calculation

Every score shows its working.

Same formula for every company. No curve. No private weighting.

SINK = (0.3 × Base + 0.7 × Performance) × Scale
Industry base impact
Financial Services / Banking sector ceiling.
50 / 100
Performance score
Sum of the 10 rubric questions, scored 0–10 each.
42 / 100
Raw score
Weighted average before scale penalty.
(0.3 × 50) + (0.7 × 42) = 44.4
Scale penalty
Multiplier based on absolute emissions volume — physics-first.
× 0.6
Final score
Rounded. Significant gaps.
27 / 100
The ten questions

Where Bank of America is strong, and where it isn't.

Strongest on Carbon Footprint — Operations and Energy Source (8/10, 7/10). Weakest on Controversies & Red Flags and Nature & Biodiversity Impact (2/10, 2/10).

Where the evidence comes from

Every document used, listed.

12 sources used in this assessment. All publicly available. Each row shows which rubric questions it informed.

9 of 12 sources are third-party verified or public record.

[1]Third-party verified
Ditch Carbon — Bank of America Organization Profile
Ongoing
Q1Q2Q3
View →
[2]Self-reported
Bank of America 2025 Assurance Statements
2025
Q1Q9
View →
[3]Third-party verified
Green Portfolio — Top Fossil Fuel Financiers
Unknown
Q2
View →
[4]Public record
Common Dreams — Bank of America Using Accounting Tricks
2022
Q3Q8
View →
[5]Self-reported
Bank of America Newsroom — Environmental Commitment
2022
Q4
View →
[6]Public record
Smart Energy Decisions — BofA Renewables and Carbon Neutrality
2016
Q4
View →
[7]Third-party verified
Friends of the Earth — Banking on Forest Destruction
Unknown
Q5
View →
[8]Third-party verified
Rainforest Action Network — Complicit: Human Rights and Fossil Fuel Expansion
Unknown
Q5Q10
View →
[9]Self-reported
Bank of America 2023 Performance Data Summary and GRI
2023
Q6Q7
View →
[10]Third-party verified
Rainforest Action Network Press Release — BofA Transparency Pressure
Unknown
Q9
View →
[11]Public record
Grist — Big Banks Abandoned Voluntary Climate Alliance
Unknown
Q8Q10
View →
[12]Third-party verified
InfluenceMap — US Banks and Climate-Related Policy
Unknown
Q10
View →

If you believe a source has been misread or a newer version exists, submit a challenge.

Bank of America in context

Where Bank of America sits among financial services / banking peers.

Among the 29 major financial services / banking brands we've scored, Bank of America is tied =26th of 29, with 2 others.

=26/29
Bank of America's rank
40
Industry average
23
Industry low
65
Industry high
How this score has moved

Bank of America's score over time.

today

Score history begins 8 February 2026.

As Bank of America's score updates, the trajectory will appear here.

We're backfilling historical scores for FTSE 100 and S&P 100 companies over the coming weeks.

What's being contested

This score is not currently being contested.

Every challenge is published. We'd rather be corrected than wrong — that's the whole point.

No challenges submitted yet. If you have evidence that contradicts this score, you can challenge any question above — cite a public source and we'll review it.

About Bank of America

Bank of America is a multinational financial services corporation providing banking, investment, and wealth management services. Headquartered in Charlotte, North Carolina, it operates globally with 213,000 employees and $101.9B in annual revenue. It is one of the largest universal banks by assets and among the world's most significant fossil fuel financiers.

Founded
1998
Headquarters
Charlotte, United States
Employees
~213,000
Annual revenue
$101.9B (FY2024)
Company website ↗
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