Bank of America is committing $300 billion to low-carbon business activities by 2030 through their Environmental Business Unit. The bank aims to accelerate the transition to a low-carbon, sustainable economy through lending, investing, capital raising, advisory services, and developing financing solutions.
This represents the bank’s third Environmental Business Unit commitment. The first was issued in 2007. A second in 2013 called for deploying $125 billion by 2025, but Bank of America says they are on track to get there by the end of this year. Over the past 12 years, the bank has mobilized more than $126 billion….
An excerpt from Environmental Leader