Bank of America is a US bank headquartered in Charlotte, North Carolina, providing consumer banking, wealth management, investment banking and corporate lending.
Is this your business? Add your evidence →
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. Fees pay for the review, never the result. Last verified October 2026.
That places Bank of America joint 505th of 847 companies scored, and joint 25th of 51 in Financial Services / Banking.
Where Bank of America sits among financial services / banking peers.
Among the 51 major financial services / banking brands we've scored, Bank of America is tied =25th of 51, with 5 others.
Its three lowest-scoring questions, and what the evidence didn't show.
Operational Scope 1 + location-based Scope 2 flat 2023–2024 at ~683 t, no progress.
Ranked No. 2 globally in fossil financing with $47.3B in 2025 (Banking on Climate Chaos 2026).
Seven 2030 financing targets intensity-only.
A score changes when the evidence does. We use new published evidence at the next rescore. Evidence that isn't public can count through an evidence review.
Use this score in tenders
Send the link, or the one-page score sheet. It links back to this page and every source. Free.
Open the score sheet →Add your evidence, £99
Scored low because little is published? Send us your evidence. A person reviews it and your score reflects what you really do. Done within 5 working days.
Evidence review →Go tender-ready, £495 a year
A yearly rescore, a check of up to 25 key suppliers and a score badge for your website (coming soon).
Get in touch →Strongest on Carbon Footprint — Operations and Energy Source (8/10, 6/10). Weakest on Emissions Trajectory and Controversies & Red Flags (2/10, 2/10).
The 3 companies in the sector scoring nearest above Bank of America.
Revolut measures emissions but publishes no absolute figures, sets no targets, and discloses no trajectory despite rapid growth doubling headcount and revenue.
See the breakdown →3i operates rigorous operational emissions reporting with third-party assurance, but exposes a critical gap: no absolute financed emissions disclosure for a £38.7bn PE portfolio.
See the breakdown →M&G manages £375.9B in assets while holding £1.5B in coal exposure and material fossil-fuel investments.
See the breakdown →Bank of America's score has moved from 27 to 34 across 2 recorded reviews, up 7 points.
Fortune 50 re-score on methodology v2.5.17 (fresh research); financed-emissions 0.70x floor shown
Initial score at platform launch
The formula and all 14 sources.
Same ten questions for every company. No private weighting.
SINK = (0.3 × Base + 0.7 × Performance) × Scale14 sources used in this assessment. All publicly available. Each row shows which of the ten questions it informed.
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.”
If you believe a source has been misread or a newer version exists, submit a challenge.
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.
One email, every Sunday. Score changes, new research, the stories behind the numbers. Free.
No spam. Unsubscribe in one click.
Checking a company?
Search free →Asked to prove you're sustainable?
Get your business scored, free →Been scored?
See what's behind your number →Fees pay for the review, never the result.