Tag: Bank of America

Bank of America to join one of the world’s largest sustainable aviation fuel (SAF) programs

Stuart Mitchell

American Express Global Business Travel (Amex GBT), the world’s leading B2B travel platform, and Shell Aviation today announced that Bank of America is the first financial institution to join their sustainable aviation fuel (SAF) program. The program launched in 2022 with 1 million gallons of SAF available for corporate customers – enough to power almost 15,000 business trips from London-to-New York.[1] Operated on the Avelia platform, it is one of the world’s first blockchain-powered digital SAF book-and-claim solutions for business travel. Andrew Crawley, President, American Express Global Business Travel, said:…

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Bank of America Announces 2030 Financing Activity Targets as Part of Net Zero Commitment

Stuart Mitchell

Bank of America announced 2030 targets for reducing emissions associated with financing activities related to three key sectors: auto manufacturing, energy and power generation. The targets are outlined in the company’s Approach to Zero™, which details Bank of America’s net zero greenhouse gas emissions approach and target setting process. “This work goes hand in hand with the way we are engaging our clients – those that have set their own net zero goals, those working toward future goals, and those that are in the supply chain of companies that have…

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Goodwill® Rising Together™ Initiative Announces New Partnerships with Accenture, Bank of America, Comcast Internet Essentials, Lowe’s and USAA to Increase Access to Careers for More than One Million People by 2025

Stuart Mitchell

Goodwill, the leading nonprofit provider of job training and placement services in North America, today announced five new partners — Accenture, Bank of America, Comcast Internet Essentials, Lowe’s and USAA — are joining its Rising Together™ initiative, expanding its reach and impact. While the U.S. economy continues to improve, the recovery has not been equitable. Rising Together™ is connecting people, particularly those who traditionally faced barriers to sustainable, well-paying jobs, to ensure they have access to a wide range of resources. These resources include skills training, job placement, transportation and…

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Major investors come on board to tackle inequality through Growth Impact Fund

Stuart Mitchell

Bank of America and Access – the Foundation for Social Investment have come on board as major backers of the upcoming Growth Impact Fund, a potential £25M social investment fund being developed by UnLtd, Big Issue Invest and Shift. The potential fund, which will only be available to professional investors, aims to tackle inequality and promote racial justice by being built around the needs of entrepreneurs historically locked out of social investment, as highlighted by the recent Adebowale Commission on Social Investment. The potential fund will offer flexible and patient…

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Six Global Financial Institutions Chart a Flight Path to Decarbonizing Aviation

Stuart Mitchell

Six top lenders to the aviation sector — Bank of America, BNP Paribas, Citi, Crédit Agricole CIB, Societe Generale and Standard Chartered — have announced that they will partner with RMI’s Center for Climate-Aligned Finance to help decarbonize the aviation sector through the formation of the Aviation Climate-Aligned Finance Working Group. The Working Group aspires to create a collective climate-aligned finance (CAF) framework that defines common goals for action for aviation sector decarbonization. The CAF framework is a commitment by participating financial institutions to annually assess and disclose, consistent with…

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