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  • Overall approach
    8/16
    • Overarching commitment on deforestation
      8/16
      Deforestation commitment
      Reduce deforestation
      8/16
      "Bank of America will use due diligence measures to assure that lending proceeds are not used to finance commercial projects or operations that result in resource extractionfrom, or the clearing of [...] Primary tropical moist forests [....] Intact forests as defined by the World Resource Institute (WRI) [...] Primary forests in temperate or boreal forest regions that are not managed using sustainable forestry practices as verified by an independent third party audit; and High conservation value forests unless under approved conservation plans verified by an independent, third party audit with necessary permits granted by applicable governmental/regulatory authorities."
  • Commodity score
    26/64
    • Beef & Leather
      17/64
      • Commitment Strength
        11/42
        • Commodity-specific financing policy
          0/9.6
          • Commitment details
            No
            0/8
            Commitment details
            No
            0/8
            Type of policy: No policy
          • Policy applies to all operations and financing
            No
            0/0.4
            Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
            Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
            Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            0
            0/0.4
            Policy applies to all stages of the supply chain
            0
            0/0.4
        • Companies must be legally operated
          3.6/5.6
          • Commitment details
            Own operations - Require
            2/4
            Commitment details
            Own operations - Require
            2/4
            "Bank of America will not finance companies or projects that contravene any relevant binding international environmental agreement to which the member country concerned is a party or that violate local, state or national environmental, labor or social laws".
          • Policy applies to all operations and financing
            All
            0.4/0.4
            Policy applies to all operations and financing
            All
            0.4/0.4
            "Bank of America will not finance companies or projects that contravene any relevant binding international environmental agreement to which the member country concerned is a party or that violate local, state or national environmental, labor or social laws".
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "Bank of America will not finance companies or projects that contravene any relevant binding international environmental agreement to which the member country concerned is a party or that violate local, state or national environmental, labor or social laws".
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "Bank of America will not finance companies or projects that contravene any relevant binding international environmental agreement to which the member country concerned is a party or that violate local, state or national environmental, labor or social laws".
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            "Bank of America will not finance companies or projects that contravene any relevant binding international environmental agreement to which the member country concerned is a party or that violate local, state or national environmental, labor or social laws".
        • Companies must protect priority forests or globally important landscapes
          7.6/9.6
          • Commitment details
            All high priority landscapes - Encourage
            6/8
            Commitment details
            All high priority landscapes - Encourage
            6/8
            Bank of America "respect the designation of United Nations Educational, Scientific and Cultural Organization (UNESCO) World Heritage Sites, including areas of cultural and natural value and deemed to be of national or international significance. Bank of America will not knowingly engage in transactions focused on natural resource extraction within UNESCO World Heritage sites unless there is prior consensus between UNESCO and the host country’s governmental authorities– such that the activities will not adversely affect the natural or cultural value of the site." "Bank of America will use due diligence measures to assure that lending proceeds are not used to finance commercial projects or operations that result in resource extractionfrom, or the clearing of [...] Primary tropical moist forests [....] Intact forests as defined by the World Resource Institute (WRI) [...] Primary forests in temperate or boreal forest regions that are not managed using sustainable forestry practices as verified by an independent third party audit; and High conservation value forests unless under approved conservation plans verified by an independent, third party audit with necessary permits granted by applicable governmental/regulatory authorities."
          • Policy applies to all operations and financing
            All
            0.4/0.4
            Policy applies to all operations and financing
            All
            0.4/0.4
            Bank of America "respect the designation of United Nations Educational, Scientific and Cultural Organization (UNESCO) World Heritage Sites, including areas of cultural and natural value and deemed to be of national or international significance. Bank of America will not knowingly engage in transactions focused on natural resource extraction within UNESCO World Heritage sites unless there is prior consensus between UNESCO and the host country’s governmental authorities– such that the activities will not adversely affect the natural or cultural value of the site." "Bank of America will use due diligence measures to assure that lending proceeds are not used to finance commercial projects or operations that result in resource extractionfrom, or the clearing of [...] Primary tropical moist forests [....] Intact forests as defined by the World Resource Institute (WRI) [...] Primary forests in temperate or boreal forest regions that are not managed using sustainable forestry practices as verified by an independent third party audit; and High conservation value forests unless under approved conservation plans verified by an independent, third party audit with necessary permits granted by applicable governmental/regulatory authorities."
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            Bank of America "respect the designation of United Nations Educational, Scientific and Cultural Organization (UNESCO) World Heritage Sites, including areas of cultural and natural value and deemed to be of national or international significance. Bank of America will not knowingly engage in transactions focused on natural resource extraction within UNESCO World Heritage sites unless there is prior consensus between UNESCO and the host country’s governmental authorities– such that the activities will not adversely affect the natural or cultural value of the site." "Bank of America will use due diligence measures to assure that lending proceeds are not used to finance commercial projects or operations that result in resource extractionfrom, or the clearing of [...] Primary tropical moist forests [....] Intact forests as defined by the World Resource Institute (WRI) [...] Primary forests in temperate or boreal forest regions that are not managed using sustainable forestry practices as verified by an independent third party audit; and High conservation value forests unless under approved conservation plans verified by an independent, third party audit with necessary permits granted by applicable governmental/regulatory authorities."
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            Bank of America "respect the designation of United Nations Educational, Scientific and Cultural Organization (UNESCO) World Heritage Sites, including areas of cultural and natural value and deemed to be of national or international significance. Bank of America will not knowingly engage in transactions focused on natural resource extraction within UNESCO World Heritage sites unless there is prior consensus between UNESCO and the host country’s governmental authorities– such that the activities will not adversely affect the natural or cultural value of the site." "Bank of America will use due diligence measures to assure that lending proceeds are not used to finance commercial projects or operations that result in resource extractionfrom, or the clearing of [...] Primary tropical moist forests [....] Intact forests as defined by the World Resource Institute (WRI) [...] Primary forests in temperate or boreal forest regions that are not managed using sustainable forestry practices as verified by an independent third party audit; and High conservation value forests unless under approved conservation plans verified by an independent, third party audit with necessary permits granted by applicable governmental/regulatory authorities."
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Bank of America "respect the designation of United Nations Educational, Scientific and Cultural Organization (UNESCO) World Heritage Sites, including areas of cultural and natural value and deemed to be of national or international significance. Bank of America will not knowingly engage in transactions focused on natural resource extraction within UNESCO World Heritage sites unless there is prior consensus between UNESCO and the host country’s governmental authorities– such that the activities will not adversely affect the natural or cultural value of the site." "Bank of America will use due diligence measures to assure that lending proceeds are not used to finance commercial projects or operations that result in resource extractionfrom, or the clearing of [...] Primary tropical moist forests [....] Intact forests as defined by the World Resource Institute (WRI) [...] Primary forests in temperate or boreal forest regions that are not managed using sustainable forestry practices as verified by an independent third party audit; and High conservation value forests unless under approved conservation plans verified by an independent, third party audit with necessary permits granted by applicable governmental/regulatory authorities."
        • Assurance mechanism to ensure compliance
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            No
            0/0.4
        • Companies must have a grievance mechanism
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            No
            0/0.4
        • Commitments must be timebound
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            No
            0/0.4
      • Social Considerations
        6/22
        • Company must ensure Free, Prior and Informed Consent
          5.6/5.6
          • Commitment details
            Yes - Require
            4/4
            Commitment details
            Yes - Require
            4/4
            "We conduct enhanced due diligence for transactions in which the majority use of proceeds is attributed to identified activities that may negatively impact an area used by or traditionally claimed by an indigenous community. For these transactions, we expect our clients to demonstrate alignment with the objectives and requirements of the International Finance Corporation (IFC) Performance Standard 7, which addresses impacts to Indigenous Peoples including free, prior and informed consent."
          • Policy applies to all operations and financing
            All
            0.4/0.4
            Policy applies to all operations and financing
            All
            0.4/0.4
            "We conduct enhanced due diligence for transactions in which the majority use of proceeds is attributed to identified activities that may negatively impact an area used by or traditionally claimed by an indigenous community. For these transactions, we expect our clients to demonstrate alignment with the objectives and requirements of the International Finance Corporation (IFC) Performance Standard 7, which addresses impacts to Indigenous Peoples including free, prior and informed consent."
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "We conduct enhanced due diligence for transactions in which the majority use of proceeds is attributed to identified activities that may negatively impact an area used by or traditionally claimed by an indigenous community. For these transactions, we expect our clients to demonstrate alignment with the objectives and requirements of the International Finance Corporation (IFC) Performance Standard 7, which addresses impacts to Indigenous Peoples including free, prior and informed consent."
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "We conduct enhanced due diligence for transactions in which the majority use of proceeds is attributed to identified activities that may negatively impact an area used by or traditionally claimed by an indigenous community. For these transactions, we expect our clients to demonstrate alignment with the objectives and requirements of the International Finance Corporation (IFC) Performance Standard 7, which addresses impacts to Indigenous Peoples including free, prior and informed consent."
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            "We conduct enhanced due diligence for transactions in which the majority use of proceeds is attributed to identified activities that may negatively impact an area used by or traditionally claimed by an indigenous community. For these transactions, we expect our clients to demonstrate alignment with the objectives and requirements of the International Finance Corporation (IFC) Performance Standard 7, which addresses impacts to Indigenous Peoples including free, prior and informed consent."
        • Company must respect labour rights
          0/5.6
          • Commitment details
            No
            0/4
            Commitment details
            No
            0/4
            Type of policy: ILO; UNGP; UN Declaration for HR; Forced Labour; Child Labour
            Bank of America state that they abide by standards for human rights as set by the ILO, the UN Guiding Principles and the UN Declaration on Human Rights.They require suppliers to ensure their workers are free from forced labour and child labour.
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            No
            0/0.4
        • Company must address gender equality issues
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            No
            0/0.4
        • Companies must encourage the inclusion of small-scale farmers
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            No
            0/0.4
    • Palm oil
      39/64
      • Commitment Strength
        33/42
        • Commodity-specific financing policy
          9.4/9.6
          • Commitment details
            Yes
            8/8
            Commitment details
            Yes
            8/8
            Type of policy: Sustainable/Responsible
            "We require clients whose business is focused on ownership and management of palm oil plantations and operations, including growers and mills, to have their operations certified, or have in place an outlined action plan and schedule for certification."
          • Policy applies to all operations and financing
            All
            0.4/0.4
            Policy applies to all operations and financing
            All
            0.4/0.4
            "We require clients whose business is focused on ownership and management of palm oil plantations and operations, including growers and mills, to have their operations certified, or have in place an outlined action plan and schedule for certification."
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "We require clients whose business is focused on ownership and management of palm oil plantations and operations, including growers and mills, to have their operations certified, or have in place an outlined action plan and schedule for certification."
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "We require clients whose business is focused on ownership and management of palm oil plantations and operations, including growers and mills, to have their operations certified, or have in place an outlined action plan and schedule for certification."
          • Policy applies to all stages of the supply chain
            Producers; Processors
            0.2/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors
            0.2/0.4
            "We require clients whose business is focused on ownership and management of palm oil plantations and operations, including growers and mills, to have their operations certified, or have in place an outlined action plan and schedule for certification."
        • Companies must be legally operated
          3.6/5.6
          • Commitment details
            Own operations - Require
            2/4
            Commitment details
            Own operations - Require
            2/4
            "Bank of America will not finance companies or projects that contravene any relevant binding international environmental agreement to which the member country concerned is a party or that violate local, state or national environmental, labor or social laws".
          • Policy applies to all operations and financing
            All
            0.4/0.4
            Policy applies to all operations and financing
            All
            0.4/0.4
            "Bank of America will not finance companies or projects that contravene any relevant binding international environmental agreement to which the member country concerned is a party or that violate local, state or national environmental, labor or social laws".
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "Bank of America will not finance companies or projects that contravene any relevant binding international environmental agreement to which the member country concerned is a party or that violate local, state or national environmental, labor or social laws".
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "Bank of America will not finance companies or projects that contravene any relevant binding international environmental agreement to which the member country concerned is a party or that violate local, state or national environmental, labor or social laws".
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            "Bank of America will not finance companies or projects that contravene any relevant binding international environmental agreement to which the member country concerned is a party or that violate local, state or national environmental, labor or social laws".
        • Companies must protect priority forests or globally important landscapes
          9.4/9.6
          • Commitment details
            All high priority landscapes - Require
            8/8
            Commitment details
            All high priority landscapes - Require
            8/8
            Bank of America "respect the designation of United Nations Educational, Scientific and Cultural Organization (UNESCO) World Heritage Sites, including areas of cultural and natural value and deemed to be of national or international significance. Bank of America will not knowingly engage in transactions focused on natural resource extraction within UNESCO World Heritage sites unless there is prior consensus between UNESCO and the host country’s governmental authorities– such that the activities will not adversely affect the natural or cultural value of the site." As well as this, "at Bank of America, transactions where the majority use of proceeds is identified as supporting palm oil production are subject to enhanced due diligence. For these transactions, we require customers whose business is focused on ownership and management of palm oil plantations and operations, including growers and mills, to have their operations certified, or have in place an outlined action plan and schedule for certification. We use the Roundtable on Sustainable Palm Oil (RSPO) certification or equivalent certification standards as a minimum requirement of customers, and closely monitor developments relating to the sustainable sourcing of palm oil."
          • Policy applies to all operations and financing
            All
            0.4/0.4
            Policy applies to all operations and financing
            All
            0.4/0.4
            Bank of America "respect the designation of United Nations Educational, Scientific and Cultural Organization (UNESCO) World Heritage Sites, including areas of cultural and natural value and deemed to be of national or international significance. Bank of America will not knowingly engage in transactions focused on natural resource extraction within UNESCO World Heritage sites unless there is prior consensus between UNESCO and the host country’s governmental authorities– such that the activities will not adversely affect the natural or cultural value of the site." As well as this, "at Bank of America, transactions where the majority use of proceeds is identified as supporting palm oil production are subject to enhanced due diligence. For these transactions, we require customers whose business is focused on ownership and management of palm oil plantations and operations, including growers and mills, to have their operations certified, or have in place an outlined action plan and schedule for certification. We use the Roundtable on Sustainable Palm Oil (RSPO) certification or equivalent certification standards as a minimum requirement of customers, and closely monitor developments relating to the sustainable sourcing of palm oil."
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            Bank of America "respect the designation of United Nations Educational, Scientific and Cultural Organization (UNESCO) World Heritage Sites, including areas of cultural and natural value and deemed to be of national or international significance. Bank of America will not knowingly engage in transactions focused on natural resource extraction within UNESCO World Heritage sites unless there is prior consensus between UNESCO and the host country’s governmental authorities– such that the activities will not adversely affect the natural or cultural value of the site." As well as this, "at Bank of America, transactions where the majority use of proceeds is identified as supporting palm oil production are subject to enhanced due diligence. For these transactions, we require customers whose business is focused on ownership and management of palm oil plantations and operations, including growers and mills, to have their operations certified, or have in place an outlined action plan and schedule for certification. We use the Roundtable on Sustainable Palm Oil (RSPO) certification or equivalent certification standards as a minimum requirement of customers, and closely monitor developments relating to the sustainable sourcing of palm oil."
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            Bank of America "respect the designation of United Nations Educational, Scientific and Cultural Organization (UNESCO) World Heritage Sites, including areas of cultural and natural value and deemed to be of national or international significance. Bank of America will not knowingly engage in transactions focused on natural resource extraction within UNESCO World Heritage sites unless there is prior consensus between UNESCO and the host country’s governmental authorities– such that the activities will not adversely affect the natural or cultural value of the site." As well as this, "at Bank of America, transactions where the majority use of proceeds is identified as supporting palm oil production are subject to enhanced due diligence. For these transactions, we require customers whose business is focused on ownership and management of palm oil plantations and operations, including growers and mills, to have their operations certified, or have in place an outlined action plan and schedule for certification. We use the Roundtable on Sustainable Palm Oil (RSPO) certification or equivalent certification standards as a minimum requirement of customers, and closely monitor developments relating to the sustainable sourcing of palm oil."
          • Policy applies to all stages of the supply chain
            Producers; Processors
            0.2/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors
            0.2/0.4
            Bank of America "respect the designation of United Nations Educational, Scientific and Cultural Organization (UNESCO) World Heritage Sites, including areas of cultural and natural value and deemed to be of national or international significance. Bank of America will not knowingly engage in transactions focused on natural resource extraction within UNESCO World Heritage sites unless there is prior consensus between UNESCO and the host country’s governmental authorities– such that the activities will not adversely affect the natural or cultural value of the site." As well as this, "at Bank of America, transactions where the majority use of proceeds is identified as supporting palm oil production are subject to enhanced due diligence. For these transactions, we require customers whose business is focused on ownership and management of palm oil plantations and operations, including growers and mills, to have their operations certified, or have in place an outlined action plan and schedule for certification. We use the Roundtable on Sustainable Palm Oil (RSPO) certification or equivalent certification standards as a minimum requirement of customers, and closely monitor developments relating to the sustainable sourcing of palm oil."
        • Assurance mechanism to ensure compliance
          5.4/5.6
          • Commitment details
            Require
            4/4
            Commitment details
            Require
            4/4
            Certification scheme (if applicable): RSPO
            Verification method: Certification Scheme
            "We use the Roundtable on Sustainable Palm Oil (RSPO) certification or equivalent certification standards as a minimum requirement for clients, and closely monitor developments relating to the sustainable sourcing of palm oil."
          • Policy applies to all operations and financing
            All
            0.4/0.4
            Policy applies to all operations and financing
            All
            0.4/0.4
            "We use the Roundtable on Sustainable Palm Oil (RSPO) certification or equivalent certification standards as a minimum requirement for clients, and closely monitor developments relating to the sustainable sourcing of palm oil."
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "We use the Roundtable on Sustainable Palm Oil (RSPO) certification or equivalent certification standards as a minimum requirement for clients, and closely monitor developments relating to the sustainable sourcing of palm oil."
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "We use the Roundtable on Sustainable Palm Oil (RSPO) certification or equivalent certification standards as a minimum requirement for clients, and closely monitor developments relating to the sustainable sourcing of palm oil."
          • Policy applies to all stages of the supply chain
            Producers; Processors
            0.2/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors
            0.2/0.4
            "We use the Roundtable on Sustainable Palm Oil (RSPO) certification or equivalent certification standards as a minimum requirement for clients, and closely monitor developments relating to the sustainable sourcing of palm oil."
        • Companies must have a grievance mechanism
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            No
            0/0.4
        • Commitments must be timebound
          5.4/5.6
          • Commitment details
            Require
            4/4
            Commitment details
            Require
            4/4
            Type of policy: Compliance is prerequisite for financing
            " We require clients whose business is focused on ownership and management of palm oil plantations and operations, including growers and mills, to have their operations certified, or have in place an outlined action plan and schedule for certification."
          • Policy applies to all operations and financing
            All
            0.4/0.4
            Policy applies to all operations and financing
            All
            0.4/0.4
            " We require clients whose business is focused on ownership and management of palm oil plantations and operations, including growers and mills, to have their operations certified, or have in place an outlined action plan and schedule for certification."
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            " We require clients whose business is focused on ownership and management of palm oil plantations and operations, including growers and mills, to have their operations certified, or have in place an outlined action plan and schedule for certification."
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            " We require clients whose business is focused on ownership and management of palm oil plantations and operations, including growers and mills, to have their operations certified, or have in place an outlined action plan and schedule for certification."
          • Policy applies to all stages of the supply chain
            Producers; Processors
            0.2/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors
            0.2/0.4
            " We require clients whose business is focused on ownership and management of palm oil plantations and operations, including growers and mills, to have their operations certified, or have in place an outlined action plan and schedule for certification."
      • Social Considerations
        6/22
        • Company must ensure Free, Prior and Informed Consent
          5.6/5.6
          • Commitment details
            Yes - Require
            4/4
            Commitment details
            Yes - Require
            4/4
            "We conduct enhanced due diligence for transactions in which the majority use of proceeds is attributed to identified activities that may negatively impact an area used by or traditionally claimed by an indigenous community. For these transactions, we expect our clients to demonstrate alignment with the objectives and requirements of the International Finance Corporation (IFC) Performance Standard 7, which addresses impacts to Indigenous Peoples including free, prior and informed consent."
          • Policy applies to all operations and financing
            All
            0.4/0.4
            Policy applies to all operations and financing
            All
            0.4/0.4
            "We conduct enhanced due diligence for transactions in which the majority use of proceeds is attributed to identified activities that may negatively impact an area used by or traditionally claimed by an indigenous community. For these transactions, we expect our clients to demonstrate alignment with the objectives and requirements of the International Finance Corporation (IFC) Performance Standard 7, which addresses impacts to Indigenous Peoples including free, prior and informed consent."
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "We conduct enhanced due diligence for transactions in which the majority use of proceeds is attributed to identified activities that may negatively impact an area used by or traditionally claimed by an indigenous community. For these transactions, we expect our clients to demonstrate alignment with the objectives and requirements of the International Finance Corporation (IFC) Performance Standard 7, which addresses impacts to Indigenous Peoples including free, prior and informed consent."
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "We conduct enhanced due diligence for transactions in which the majority use of proceeds is attributed to identified activities that may negatively impact an area used by or traditionally claimed by an indigenous community. For these transactions, we expect our clients to demonstrate alignment with the objectives and requirements of the International Finance Corporation (IFC) Performance Standard 7, which addresses impacts to Indigenous Peoples including free, prior and informed consent."
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            "We conduct enhanced due diligence for transactions in which the majority use of proceeds is attributed to identified activities that may negatively impact an area used by or traditionally claimed by an indigenous community. For these transactions, we expect our clients to demonstrate alignment with the objectives and requirements of the International Finance Corporation (IFC) Performance Standard 7, which addresses impacts to Indigenous Peoples including free, prior and informed consent."
        • Company must respect labour rights
          0/5.6
          • Commitment details
            No
            0/4
            Commitment details
            No
            0/4
            Type of policy: ILO; UNGP; UN Declaration for HR; Forced Labour; Child Labour
            Bank of America state that they abide by standards for human rights as set by the ILO, the UN Guiding Principles and the UN Declaration on Human Rights.They require suppliers to ensure their workers are free from forced labour and child labour.
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            No
            0/0.4
        • Company must address gender equality issues
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            No
            0/0.4
        • Companies must encourage the inclusion of small-scale farmers
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            No
            0/0.4
    • Soy
      17/64
      • Commitment Strength
        11/42
        • Commodity-specific financing policy
          0/9.6
          • Commitment details
            No
            0/8
            Commitment details
            No
            0/8
            Type of policy: No policy
          • Policy applies to all operations and financing
            No
            0/0.4
            Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
            Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
            Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            0
            0/0.4
            Policy applies to all stages of the supply chain
            0
            0/0.4
        • Companies must be legally operated
          3.6/5.6
          • Commitment details
            Own operations - Require
            2/4
            Commitment details
            Own operations - Require
            2/4
            "Bank of America will not finance companies or projects that contravene any relevant binding international environmental agreement to which the member country concerned is a party or that violate local, state or national environmental, labor or social laws".
          • Policy applies to all operations and financing
            All
            0.4/0.4
            Policy applies to all operations and financing
            All
            0.4/0.4
            "Bank of America will not finance companies or projects that contravene any relevant binding international environmental agreement to which the member country concerned is a party or that violate local, state or national environmental, labor or social laws".
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "Bank of America will not finance companies or projects that contravene any relevant binding international environmental agreement to which the member country concerned is a party or that violate local, state or national environmental, labor or social laws".
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "Bank of America will not finance companies or projects that contravene any relevant binding international environmental agreement to which the member country concerned is a party or that violate local, state or national environmental, labor or social laws".
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            "Bank of America will not finance companies or projects that contravene any relevant binding international environmental agreement to which the member country concerned is a party or that violate local, state or national environmental, labor or social laws".
        • Companies must protect priority forests or globally important landscapes
          7.6/9.6
          • Commitment details
            All high priority landscapes - Encourage
            6/8
            Commitment details
            All high priority landscapes - Encourage
            6/8
            Bank of America "respect the designation of United Nations Educational, Scientific and Cultural Organization (UNESCO) World Heritage Sites, including areas of cultural and natural value and deemed to be of national or international significance. Bank of America will not knowingly engage in transactions focused on natural resource extraction within UNESCO World Heritage sites unless there is prior consensus between UNESCO and the host country’s governmental authorities– such that the activities will not adversely affect the natural or cultural value of the site." "Bank of America will use due diligence measures to assure that lending proceeds are not used to finance commercial projects or operations that result in resource extractionfrom, or the clearing of [...] Primary tropical moist forests [....] Intact forests as defined by the World Resource Institute (WRI) [...] Primary forests in temperate or boreal forest regions that are not managed using sustainable forestry practices as verified by an independent third party audit; and High conservation value forests unless under approved conservation plans verified by an independent, third party audit with necessary permits granted by applicable governmental/regulatory authorities."
          • Policy applies to all operations and financing
            All
            0.4/0.4
            Policy applies to all operations and financing
            All
            0.4/0.4
            Bank of America "respect the designation of United Nations Educational, Scientific and Cultural Organization (UNESCO) World Heritage Sites, including areas of cultural and natural value and deemed to be of national or international significance. Bank of America will not knowingly engage in transactions focused on natural resource extraction within UNESCO World Heritage sites unless there is prior consensus between UNESCO and the host country’s governmental authorities– such that the activities will not adversely affect the natural or cultural value of the site." "Bank of America will use due diligence measures to assure that lending proceeds are not used to finance commercial projects or operations that result in resource extractionfrom, or the clearing of [...] Primary tropical moist forests [....] Intact forests as defined by the World Resource Institute (WRI) [...] Primary forests in temperate or boreal forest regions that are not managed using sustainable forestry practices as verified by an independent third party audit; and High conservation value forests unless under approved conservation plans verified by an independent, third party audit with necessary permits granted by applicable governmental/regulatory authorities."
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            Bank of America "respect the designation of United Nations Educational, Scientific and Cultural Organization (UNESCO) World Heritage Sites, including areas of cultural and natural value and deemed to be of national or international significance. Bank of America will not knowingly engage in transactions focused on natural resource extraction within UNESCO World Heritage sites unless there is prior consensus between UNESCO and the host country’s governmental authorities– such that the activities will not adversely affect the natural or cultural value of the site." "Bank of America will use due diligence measures to assure that lending proceeds are not used to finance commercial projects or operations that result in resource extractionfrom, or the clearing of [...] Primary tropical moist forests [....] Intact forests as defined by the World Resource Institute (WRI) [...] Primary forests in temperate or boreal forest regions that are not managed using sustainable forestry practices as verified by an independent third party audit; and High conservation value forests unless under approved conservation plans verified by an independent, third party audit with necessary permits granted by applicable governmental/regulatory authorities."
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            Bank of America "respect the designation of United Nations Educational, Scientific and Cultural Organization (UNESCO) World Heritage Sites, including areas of cultural and natural value and deemed to be of national or international significance. Bank of America will not knowingly engage in transactions focused on natural resource extraction within UNESCO World Heritage sites unless there is prior consensus between UNESCO and the host country’s governmental authorities– such that the activities will not adversely affect the natural or cultural value of the site." "Bank of America will use due diligence measures to assure that lending proceeds are not used to finance commercial projects or operations that result in resource extractionfrom, or the clearing of [...] Primary tropical moist forests [....] Intact forests as defined by the World Resource Institute (WRI) [...] Primary forests in temperate or boreal forest regions that are not managed using sustainable forestry practices as verified by an independent third party audit; and High conservation value forests unless under approved conservation plans verified by an independent, third party audit with necessary permits granted by applicable governmental/regulatory authorities."
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Bank of America "respect the designation of United Nations Educational, Scientific and Cultural Organization (UNESCO) World Heritage Sites, including areas of cultural and natural value and deemed to be of national or international significance. Bank of America will not knowingly engage in transactions focused on natural resource extraction within UNESCO World Heritage sites unless there is prior consensus between UNESCO and the host country’s governmental authorities– such that the activities will not adversely affect the natural or cultural value of the site." "Bank of America will use due diligence measures to assure that lending proceeds are not used to finance commercial projects or operations that result in resource extractionfrom, or the clearing of [...] Primary tropical moist forests [....] Intact forests as defined by the World Resource Institute (WRI) [...] Primary forests in temperate or boreal forest regions that are not managed using sustainable forestry practices as verified by an independent third party audit; and High conservation value forests unless under approved conservation plans verified by an independent, third party audit with necessary permits granted by applicable governmental/regulatory authorities."
        • Assurance mechanism to ensure compliance
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            No
            0/0.4
        • Companies must have a grievance mechanism
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            No
            0/0.4
        • Commitments must be timebound
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            No
            0/0.4
      • Social Considerations
        6/22
        • Company must ensure Free, Prior and Informed Consent
          5.6/5.6
          • Commitment details
            Yes - Require
            4/4
            Commitment details
            Yes - Require
            4/4
            "We conduct enhanced due diligence for transactions in which the majority use of proceeds is attributed to identified activities that may negatively impact an area used by or traditionally claimed by an indigenous community. For these transactions, we expect our clients to demonstrate alignment with the objectives and requirements of the International Finance Corporation (IFC) Performance Standard 7, which addresses impacts to Indigenous Peoples including free, prior and informed consent."
          • Policy applies to all operations and financing
            All
            0.4/0.4
            Policy applies to all operations and financing
            All
            0.4/0.4
            "We conduct enhanced due diligence for transactions in which the majority use of proceeds is attributed to identified activities that may negatively impact an area used by or traditionally claimed by an indigenous community. For these transactions, we expect our clients to demonstrate alignment with the objectives and requirements of the International Finance Corporation (IFC) Performance Standard 7, which addresses impacts to Indigenous Peoples including free, prior and informed consent."
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "We conduct enhanced due diligence for transactions in which the majority use of proceeds is attributed to identified activities that may negatively impact an area used by or traditionally claimed by an indigenous community. For these transactions, we expect our clients to demonstrate alignment with the objectives and requirements of the International Finance Corporation (IFC) Performance Standard 7, which addresses impacts to Indigenous Peoples including free, prior and informed consent."
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "We conduct enhanced due diligence for transactions in which the majority use of proceeds is attributed to identified activities that may negatively impact an area used by or traditionally claimed by an indigenous community. For these transactions, we expect our clients to demonstrate alignment with the objectives and requirements of the International Finance Corporation (IFC) Performance Standard 7, which addresses impacts to Indigenous Peoples including free, prior and informed consent."
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            "We conduct enhanced due diligence for transactions in which the majority use of proceeds is attributed to identified activities that may negatively impact an area used by or traditionally claimed by an indigenous community. For these transactions, we expect our clients to demonstrate alignment with the objectives and requirements of the International Finance Corporation (IFC) Performance Standard 7, which addresses impacts to Indigenous Peoples including free, prior and informed consent."
        • Company must respect labour rights
          0/5.6
          • Commitment details
            No
            0/4
            Commitment details
            No
            0/4
            Type of policy: ILO; UNGP; UN Declaration for HR; Forced Labour; Child Labour
            Bank of America state that they abide by standards for human rights as set by the ILO, the UN Guiding Principles and the UN Declaration on Human Rights.They require suppliers to ensure their workers are free from forced labour and child labour.
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            No
            0/0.4
        • Company must address gender equality issues
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            No
            0/0.4
        • Companies must encourage the inclusion of small-scale farmers
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            No
            0/0.4
    • Timber, Pulp & Paper
      32/64
      • Commitment Strength
        27/42
        • Commodity-specific financing policy
          9.1/9.6
          • Commitment details
            Yes
            8/8
            Commitment details
            Yes
            8/8
            Type of policy: Reduce deforestation
            "Bank of America will use due diligence measures to assure that lending proceeds are not used to finance commercial projects or operations that result in resource extractionfrom, or the clearing of [...] Primary tropical moist forests [....] Intact forests as defined by the World Resource Institute (WRI) [...] Primary forests in temperate or boreal forest regions that are not managed using sustainable forestry practices as verified by an independent third party audit; and High conservation value forests unless under approved conservation plans verified by an independent, third party audit with necessary permits granted by applicable governmental/regulatory authorities."
          • Policy applies to all operations and financing
            Subset
            0.2/0.4
            Policy applies to all operations and financing
            Subset
            0.2/0.4
            "Bank of America will use due diligence measures to assure that lending proceeds are not used to finance commercial projects or operations that result in resource extractionfrom, or the clearing of [...] Primary tropical moist forests [....] Intact forests as defined by the World Resource Institute (WRI) [...] Primary forests in temperate or boreal forest regions that are not managed using sustainable forestry practices as verified by an independent third party audit; and High conservation value forests unless under approved conservation plans verified by an independent, third party audit with necessary permits granted by applicable governmental/regulatory authorities."
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "Bank of America will use due diligence measures to assure that lending proceeds are not used to finance commercial projects or operations that result in resource extractionfrom, or the clearing of [...] Primary tropical moist forests [....] Intact forests as defined by the World Resource Institute (WRI) [...] Primary forests in temperate or boreal forest regions that are not managed using sustainable forestry practices as verified by an independent third party audit; and High conservation value forests unless under approved conservation plans verified by an independent, third party audit with necessary permits granted by applicable governmental/regulatory authorities."
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "Bank of America will use due diligence measures to assure that lending proceeds are not used to finance commercial projects or operations that result in resource extractionfrom, or the clearing of [...] Primary tropical moist forests [....] Intact forests as defined by the World Resource Institute (WRI) [...] Primary forests in temperate or boreal forest regions that are not managed using sustainable forestry practices as verified by an independent third party audit; and High conservation value forests unless under approved conservation plans verified by an independent, third party audit with necessary permits granted by applicable governmental/regulatory authorities."
          • Policy applies to all stages of the supply chain
            Producers
            0.1/0.4
            Policy applies to all stages of the supply chain
            Producers
            0.1/0.4
            "Bank of America will use due diligence measures to assure that lending proceeds are not used to finance commercial projects or operations that result in resource extractionfrom, or the clearing of [...] Primary tropical moist forests [....] Intact forests as defined by the World Resource Institute (WRI) [...] Primary forests in temperate or boreal forest regions that are not managed using sustainable forestry practices as verified by an independent third party audit; and High conservation value forests unless under approved conservation plans verified by an independent, third party audit with necessary permits granted by applicable governmental/regulatory authorities."
        • Companies must be legally operated
          5.4/5.6
          • Commitment details
            Entire supply chain - Require
            4/4
            Commitment details
            Entire supply chain - Require
            4/4
            "Bank of America will not finance companies or projects that contravene any relevant binding international environmental agreement to which the member country concerned is a party or that violate local, state or national environmental, labor or social laws." As well as this, "in all cases, the borrower must remain in compliance with applicable laws and regulations governing timber harvesting...C. Bank of America will not finance companies or projects that collude with, or knowingly purchase timber from, illegal logging operations. Due diligence will include company representation as to its practices and monitoring for illegal logging."
          • Policy applies to all operations and financing
            Subset
            0.2/0.4
            Policy applies to all operations and financing
            Subset
            0.2/0.4
            "Bank of America will not finance companies or projects that contravene any relevant binding international environmental agreement to which the member country concerned is a party or that violate local, state or national environmental, labor or social laws." As well as this, "in all cases, the borrower must remain in compliance with applicable laws and regulations governing timber harvesting...C. Bank of America will not finance companies or projects that collude with, or knowingly purchase timber from, illegal logging operations. Due diligence will include company representation as to its practices and monitoring for illegal logging."
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "Bank of America will not finance companies or projects that contravene any relevant binding international environmental agreement to which the member country concerned is a party or that violate local, state or national environmental, labor or social laws." As well as this, "in all cases, the borrower must remain in compliance with applicable laws and regulations governing timber harvesting...C. Bank of America will not finance companies or projects that collude with, or knowingly purchase timber from, illegal logging operations. Due diligence will include company representation as to its practices and monitoring for illegal logging."
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "Bank of America will not finance companies or projects that contravene any relevant binding international environmental agreement to which the member country concerned is a party or that violate local, state or national environmental, labor or social laws." As well as this, "in all cases, the borrower must remain in compliance with applicable laws and regulations governing timber harvesting...C. Bank of America will not finance companies or projects that collude with, or knowingly purchase timber from, illegal logging operations. Due diligence will include company representation as to its practices and monitoring for illegal logging."
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            "Bank of America will not finance companies or projects that contravene any relevant binding international environmental agreement to which the member country concerned is a party or that violate local, state or national environmental, labor or social laws." As well as this, "in all cases, the borrower must remain in compliance with applicable laws and regulations governing timber harvesting...C. Bank of America will not finance companies or projects that collude with, or knowingly purchase timber from, illegal logging operations. Due diligence will include company representation as to its practices and monitoring for illegal logging."
        • Companies must protect priority forests or globally important landscapes
          7.1/9.6
          • Commitment details
            All high priority landscapes - Encourage
            6/8
            Commitment details
            All high priority landscapes - Encourage
            6/8
            Bank of America "respect the designation of United Nations Educational, Scientific and Cultural Organization (UNESCO) World Heritage Sites, including areas of cultural and natural value and deemed to be of national or international significance. Bank of America will not knowingly engage in transactions focused on natural resource extraction within UNESCO World Heritage sites unless there is prior consensus between UNESCO and the host country’s governmental authorities– such that the activities will not adversely affect the natural or cultural value of the site." "Bank of America will use due diligence measures to assure that lending proceeds are not used to finance commercial projects or operations that result in resource extractionfrom, or the clearing of [...] Primary tropical moist forests [....] Intact forests as defined by the World Resource Institute (WRI) [...] Primary forests in temperate or boreal forest regions that are not managed using sustainable forestry practices as verified by an independent third party audit; and High conservation value forests unless under approved conservation plans verified by an independent, third party audit with necessary permits granted by applicable governmental/regulatory authorities."
          • Policy applies to all operations and financing
            Subset
            0.2/0.4
            Policy applies to all operations and financing
            Subset
            0.2/0.4
            Bank of America "respect the designation of United Nations Educational, Scientific and Cultural Organization (UNESCO) World Heritage Sites, including areas of cultural and natural value and deemed to be of national or international significance. Bank of America will not knowingly engage in transactions focused on natural resource extraction within UNESCO World Heritage sites unless there is prior consensus between UNESCO and the host country’s governmental authorities– such that the activities will not adversely affect the natural or cultural value of the site." "Bank of America will use due diligence measures to assure that lending proceeds are not used to finance commercial projects or operations that result in resource extractionfrom, or the clearing of [...] Primary tropical moist forests [....] Intact forests as defined by the World Resource Institute (WRI) [...] Primary forests in temperate or boreal forest regions that are not managed using sustainable forestry practices as verified by an independent third party audit; and High conservation value forests unless under approved conservation plans verified by an independent, third party audit with necessary permits granted by applicable governmental/regulatory authorities."
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            Bank of America "respect the designation of United Nations Educational, Scientific and Cultural Organization (UNESCO) World Heritage Sites, including areas of cultural and natural value and deemed to be of national or international significance. Bank of America will not knowingly engage in transactions focused on natural resource extraction within UNESCO World Heritage sites unless there is prior consensus between UNESCO and the host country’s governmental authorities– such that the activities will not adversely affect the natural or cultural value of the site." "Bank of America will use due diligence measures to assure that lending proceeds are not used to finance commercial projects or operations that result in resource extractionfrom, or the clearing of [...] Primary tropical moist forests [....] Intact forests as defined by the World Resource Institute (WRI) [...] Primary forests in temperate or boreal forest regions that are not managed using sustainable forestry practices as verified by an independent third party audit; and High conservation value forests unless under approved conservation plans verified by an independent, third party audit with necessary permits granted by applicable governmental/regulatory authorities."
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            Bank of America "respect the designation of United Nations Educational, Scientific and Cultural Organization (UNESCO) World Heritage Sites, including areas of cultural and natural value and deemed to be of national or international significance. Bank of America will not knowingly engage in transactions focused on natural resource extraction within UNESCO World Heritage sites unless there is prior consensus between UNESCO and the host country’s governmental authorities– such that the activities will not adversely affect the natural or cultural value of the site." "Bank of America will use due diligence measures to assure that lending proceeds are not used to finance commercial projects or operations that result in resource extractionfrom, or the clearing of [...] Primary tropical moist forests [....] Intact forests as defined by the World Resource Institute (WRI) [...] Primary forests in temperate or boreal forest regions that are not managed using sustainable forestry practices as verified by an independent third party audit; and High conservation value forests unless under approved conservation plans verified by an independent, third party audit with necessary permits granted by applicable governmental/regulatory authorities."
          • Policy applies to all stages of the supply chain
            Producers
            0.1/0.4
            Policy applies to all stages of the supply chain
            Producers
            0.1/0.4
            Bank of America "respect the designation of United Nations Educational, Scientific and Cultural Organization (UNESCO) World Heritage Sites, including areas of cultural and natural value and deemed to be of national or international significance. Bank of America will not knowingly engage in transactions focused on natural resource extraction within UNESCO World Heritage sites unless there is prior consensus between UNESCO and the host country’s governmental authorities– such that the activities will not adversely affect the natural or cultural value of the site." "Bank of America will use due diligence measures to assure that lending proceeds are not used to finance commercial projects or operations that result in resource extractionfrom, or the clearing of [...] Primary tropical moist forests [....] Intact forests as defined by the World Resource Institute (WRI) [...] Primary forests in temperate or boreal forest regions that are not managed using sustainable forestry practices as verified by an independent third party audit; and High conservation value forests unless under approved conservation plans verified by an independent, third party audit with necessary permits granted by applicable governmental/regulatory authorities."
        • Assurance mechanism to ensure compliance
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            No
            0/0.4
        • Companies must have a grievance mechanism
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            No
            0/0.4
        • Commitments must be timebound
          5.1/5.6
          • Commitment details
            Require
            4/4
            Commitment details
            Require
            4/4
            Type of policy: Compliance is prerequisite for financing
            Bank of America outline prerequisites for financing in their Forest Practices policy, and,  "in all cases, the borrower must remain in compliance with applicable laws and regulations governing timber harvesting."
          • Policy applies to all operations and financing
            Subset
            0.2/0.4
            Policy applies to all operations and financing
            Subset
            0.2/0.4
            Bank of America outline prerequisites for financing in their Forest Practices policy, and,  "in all cases, the borrower must remain in compliance with applicable laws and regulations governing timber harvesting."
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            Bank of America outline prerequisites for financing in their Forest Practices policy, and,  "in all cases, the borrower must remain in compliance with applicable laws and regulations governing timber harvesting."
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            Bank of America outline prerequisites for financing in their Forest Practices policy, and,  "in all cases, the borrower must remain in compliance with applicable laws and regulations governing timber harvesting."
          • Policy applies to all stages of the supply chain
            Producers
            0.1/0.4
            Policy applies to all stages of the supply chain
            Producers
            0.1/0.4
            Bank of America outline prerequisites for financing in their Forest Practices policy, and,  "in all cases, the borrower must remain in compliance with applicable laws and regulations governing timber harvesting."
      • Social Considerations
        5/22
        • Company must ensure Free, Prior and Informed Consent
          5.4/5.6
          • Commitment details
            Yes - Require
            4/4
            Commitment details
            Yes - Require
            4/4
            "We conduct enhanced due diligence for transactions in which the majority use of proceeds is attributed to identified activities that may negatively impact an area used by or traditionally claimed by an indigenous community. For these transactions, we expect our clients to demonstrate alignment with the objectives and requirements of the International Finance Corporation (IFC) Performance Standard 7, which addresses impacts to Indigenous Peoples including free, prior and informed consent."
          • Policy applies to all operations and financing
            Subset
            0.2/0.4
            Policy applies to all operations and financing
            Subset
            0.2/0.4
            "We conduct enhanced due diligence for transactions in which the majority use of proceeds is attributed to identified activities that may negatively impact an area used by or traditionally claimed by an indigenous community. For these transactions, we expect our clients to demonstrate alignment with the objectives and requirements of the International Finance Corporation (IFC) Performance Standard 7, which addresses impacts to Indigenous Peoples including free, prior and informed consent."
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "We conduct enhanced due diligence for transactions in which the majority use of proceeds is attributed to identified activities that may negatively impact an area used by or traditionally claimed by an indigenous community. For these transactions, we expect our clients to demonstrate alignment with the objectives and requirements of the International Finance Corporation (IFC) Performance Standard 7, which addresses impacts to Indigenous Peoples including free, prior and informed consent."
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "We conduct enhanced due diligence for transactions in which the majority use of proceeds is attributed to identified activities that may negatively impact an area used by or traditionally claimed by an indigenous community. For these transactions, we expect our clients to demonstrate alignment with the objectives and requirements of the International Finance Corporation (IFC) Performance Standard 7, which addresses impacts to Indigenous Peoples including free, prior and informed consent."
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            "We conduct enhanced due diligence for transactions in which the majority use of proceeds is attributed to identified activities that may negatively impact an area used by or traditionally claimed by an indigenous community. For these transactions, we expect our clients to demonstrate alignment with the objectives and requirements of the International Finance Corporation (IFC) Performance Standard 7, which addresses impacts to Indigenous Peoples including free, prior and informed consent."
        • Company must respect labour rights
          0/5.6
          • Commitment details
            No
            0/4
            Commitment details
            No
            0/4
            Type of policy: ILO; UNGP; UN Declaration for HR; Forced Labour; Child Labour
            Bank of America state that they abide by standards for human rights as set by the ILO, the UN Guiding Principles and the UN Declaration on Human Rights.They require suppliers to ensure their workers are free from forced labour and child labour.
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            No
            0/0.4
        • Company must address gender equality issues
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            No
            0/0.4
        • Companies must encourage the inclusion of small-scale farmers
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            No
            0/0.4
  • Reporting & Implementation
    5/20
    • Policy is reviewed and updated
      3/5
      Policy review
      Commit to update policy - Less than annual
      3/5
      "The ESRP Framework is reviewed by the ESG Group at least every two years"
    • Companies must disclose subsidiaries in commodity supply chains
      0/5
    • Monitoring and non-compliance process
      3/5
      Monitoring compliance
      Yes - General non-compliance statement
      3/5
      Bank of America's Forest Practices Policy states that "false declarations of compliance or failure to adhere to conditions are considered events of default and appropriate actions will be taken."
    • Reporting on implementation of the policy
      0/5
  • Commitment strength
    21/42
    Avg. score
  • Social considerations
    6/22
    Avg. score

Profile

Bank of America are a US-based bank serving private and corporate clients. Their services include corporate finance, wealth management, investments and retail banking services. As of 2017, the bank’s total assets amount to more than 2 trillion USD, with more than 900 billion USD worth of loans and leases. Bank of America is among the top 5 lenders to Forest 500 companies, with loans amounting to more than 75 billion USD across a broad range of forest risk sectors. They are also among the top 15 shareholders for Forest 500 companies, with more than 28 billion USD worth of shares.

HQ
HQ 
United States
Financial institution type
Financial institution type 
Asset management, Bank

How we assess the Forest 500

Investors and lenders need to adopt and implement strong deforestation policies that ensure their investments are not funding the destruction of forests.

All assessments use policies published on financial institution websites, some links may have changed or been removed since the time of assessment.

Disclaimer

This assessment has been carried out following the methodology developed for the Forest 500 project, available here. Please see our disclaimer applicable to all information contained within this site and our terms and conditions for use of data presented on this site.

All assessments use policies published on company and financial institution websites, and while we endeavor to keep them updated some links may have changed or been removed since the time of assessment.

Please contact us with any concerns or feedback about this or other assessments included in the Forest 500.