Here's how it works: We gather information about your online activities, such as the searches you conduct on our Sites and the pages you visit. 11/17/2021 | 02:08pm EDT Bank of America today announced it has established an ESG-themed Issuance Framework (the "Framework") to further enhance its issuances of green, social, and sustainability bonds and other ESG securities by Bank of America Corporation or any of its subsidiaries. These ads are based on your specific account relationships with us. For more information on the Framework or S&Ps SPO, please visit our Investor Relations website. Shaw holds the sponsor equity portion. Bank of America has been a signatory member of the UNGC since 2016 and, along with more than 12,000 other members, supports the initiative's ten principles on human rights, labor, environment and anti-corruption. ESG News provides full-length coverage of ESG events, trends, policies and thought-leaders shaping business today. The program is structured as a disproportionate-allocation flip partnership in which Bank of America Merrill Lynch is the sole tax equity investor while Vivint Solar holds the developer equity portion. Luxury Homes for Sale in Paris, le De France, France - FAQ. Advancing Environmental Transition and Social Inclusive Development Guided by the United Nations Sustainable Development Goals, Focusing on a Just Transition with Meaningful Progress Towards Equality. By addressing these critically important issues through ESG-themed issuances and products, we are offering a way for investors and clients to be a part of our contribution towards environmental and social sustainability. I hold a vision of this blue green planet, safe and in balance. *Our second green bond matured on May 12, 2018. The facility broke ground in May 2013 and achieved commercial operation in January 2014. This is Bank of America's eighth environmental, social and governance (ESG)-themed corporate bond, bringing the firm's aggregate total of issuance to $9.85 billon. The partnership financed Emmons-Logan Wind, a 216.1 MW clean power generation facility composed of 102 wind turbines located in Emmons and Logan counties, North Dakota. 6 min read Company is accelerating its capital mobilization and deployment as. The investment is structured as a disproportionate-allocation flip partnership in which Bank of America Merrill Lynch and GE Energy Financial Services hold equal portions of the tax equity interest and NextEra holds the sponsor equity interest. bank of america esg framework. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. sPower is an independent power producer focused on renewable energy development and one of the largest private owners of operating solar assets in the United States. The use of proceeds from the bond offering is designed to advance racial and gender equality, economic opportunity and environmental sustainability. Bank of America announced the issuance of its second Equality Progress Sustainability Bond for $2 billion. Bank of America has committed $1 trillion in low-carbon, sustainable business initiatives through 2030 as part of its Environmental Business Initiative. This information may be used to deliver advertising on our Sites and offline (for example, by phone, email and direct mail) that's customized to meet specific interests you may have. What is the average price for a luxury home in Paris, France? The financing will be used to implement energy conservation measures (ECMs). The use of proceeds from the bond offering is designed to advance racial and gender equality, economic opportunity and environmental sustainability. This transaction marks the first offering following the publication of Bank of America's . This is Bank Securities, strategic advisory, and other investment banking activities are performed globally by investment banking affiliates of Bank of America Corporation ("Investment Banking Affiliates"), including, in the United States, BofA Securities, Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated, and Merrill Lynch Professional Clearing Corp., all of which are registered broker-dealers and Members ofSIPC, and, in other jurisdictions, by locally registered entities. UNCTAD Sustainable Stock Exchange Initiative, World Bank Approves $24 Million Grant for Sustainable Land Management Project in Brazil, Honeywell Launches Sustainability Solution to Help Organizations Meet Carbon Reduction Goals, Maersk To Explore Large-Scale Green Fuels Production in Spain, EU Seeks Better Alignment with Global Sustainability Rules, Lumen Technologies releases Environmental, Social and Governance (ESG) Report for 2021, Volkswagen Aims to Make Data Centers Climate-Neutral by 2027, Lambda256 Announces Green NFT, Web3 and Sustainability for Green Planet, Absolics Breaks Ground on Planned $600 Million Manufacturing Site in Georgia for Breakthrough Semiconductor Material, Empire State Realty Trust Announces ESRT Bees with Beehives at the Empire State Building and Three Other NYC Properties, Nokia takes ESG strategy to next level of impact, SHARC Energy Gearing to Take Its First Bite of the Big Apple, BlackRock Raises $4.5 Billion for Climate-Focused Infrastructure Fund, Citi GPS Releases New Climate Research Ahead of COP27, TriNet Releases 2022 Environmental, Social and Governance Report, BBVA Ranked as Europes Most Sustainable Bank for the Third Year in a Row by S&P, Bank of Nevis International Sponsors Powerlist Black Excellence Awards 2023, Social Market Analytics Has Changed Their Name to Context Analytics to Reflect the Evolving Needs of Their Clients, Wells Fargo Names Kristy Fercho as Head of Diverse Segments, Representation and Inclusion, Wells Fargo Foundation Awards $7.5 Million to LISC NY to Expand Homeownership for Families of Color, Bank of America Awards UCF Grant to Increase Hispanic and Latino Health Care Graduates, Dan Thomas CCO of UN Global Compact with Matt Bird at the World Economic Forum, Head of Impact Investing for Bank of America Says Millennials Are Popularizing Ethical Investing, George Mathew, CMO of DXC Technology Talks Improving Healthcare Systems With Blockchain ESG News, Haven Health CEO Discusses Eliminating Uncertainty in the Healthcare System ESG News, Bloomberg Philanthropies and Goldman Sachs Backed Climate Innovation and Development Fund Announce its First Blended-Finance Investments, Gates Foundation Pledges $1.4 Billion Climate Help to Smallholder Farmers at COP27, UK Pledges More Than $115 Million to Developing Economies to Tackle Climate Change, DP World to Invest Around $500 Million to Reduce CO2 Emissions, EIB to Present Framework to Support Environmental Sustainability Projects, FTX Names Marcel Ltscher Head of Regulatory Strategy for Europe, Raider Hill Appoints Lukas Cesea as Director of Sustainability, BackBay Communications Promotes George Spencer to Head of Impact Investing & ESG Team, BNY Mellon Investor Solutions Names Manisha K. Ali Head of Responsible Investing, Bank of America Approves Green Loan to InterEnergy Company CEPM to Achieve Net Zero by 2030, Urban Alliance, Smithsonian Institution and Bank of America Promote Diversity in the Arts With Internship Program, Bank of America Private Bank Study Finds Younger Investors Turning to Alternatives, Sustainability and Digital Assets to Create Wealth. This is Bank of America's ninth ESG-themed Bond, raising nearly $12 . Challenges such as affordable housing and access to education are global in nature, but their affects are felt in local communities by neighbors, peers and coworkers which is why for businesses to be successful, the communities they serve need be successful. Bank of America today announced it has established an ESG-themed Issuance Framework (the Framework) to further enhance its issuances of green, social, and sustainability bonds and other ESG securities by Bank of America Corporation or any of its subsidiaries. In majority of the cases, banks and lenders drive investments and financial expertise across private and public companies. Bank of America Coronavirus Resource Center, How we help people, companies and institutions realize their financial goals. These materials are for informational purposes only. Since 2013, Bank of America has issued $9.85 billion across eight ESG-themed debt securitiesfive Green Bonds, two Social Bonds and one Sustainability Bond. Prosperity. Through the United Nations Sustainable Development Goals (SDGs), global leaders have created a roadmap to make and measure progress on todays most urgent environmental and social issues. This commitment advances an environmental transition across sectors to solutions in energy efficiency, renewable energy, sustainable transportation, resource efficiency, sustainable water and agriculture as well as improved forestry and pollution control measures. Kelly.E.Sapp@bofa.com. Bank of America announced today the issuance of its second Equality Progress Sustainability Bond for $2 billion. MLPF&S is a registered broker-dealer, registered investment adviser, Member SIPC and a wholly owned subsidiary of BofA Corp. Trust and fiduciary services are provided by Bank of America Private Bank, a division of Bank of America, N.A., Member FDIC, and a wholly-owned subsidiary of Bank of America Corporation (BofA Corp.). The partnership finances Headwaters, a 200MW clean power generation facility composed of 100 wind turbines located on 45,000 acres in Randolph County, Indiana. NRG Energy is one of the largest solar power developers in the country. The Framework aligns to Bank of America's Environmental, Social . MLPF&S is a registered broker-dealer, registered investment adviser, MemberSIPCand a wholly owned subsidiary of BofA Corp. Trust and fiduciary services are provided by Bank of America Private Bank, a division of Bank of America, N.A., Member FDIC, and a wholly-owned subsidiary of Bank of America Corporation (BofA Corp.). Its latest corporate green bond was issued at $2 billion and the bank was the first U.S. financial institution to issue five corporate green bonds. Water use avoided (thousands of gallons): Global warming metric tons CO2e avoided: 105,000, Water use avoided (thousands of gallons): 2,136,000, Global warming metric tons CO2e avoided: 46,000, Water use avoided (thousands of gallons): 930,000, Global warming metric tons CO2e avoided: 175,000, Water use avoided (thousands of gallons): 3,568,000, Global warming metric tons CO2e avoided: 124,000, Water use avoided (thousands of gallons): 2,527,000, Global warming metric tons CO2e avoided: 28,000, Water use avoided (thousands of gallons): 577,000, Global warming metric tons CO2e avoided: 143,000, Water use avoided (thousands of gallons): 3,817,000, Non-hazardous waste avoided (metric tons): 1,900, Global Warming metric tons CO2e avoided: 157,000, Water Use avoided (thousands of gallons): 4,209,000, Non-hazardous waste avoided (metric tons): 2,000, Global Warming metric tons CO2e avoided: 114,000, Water Use avoided (thousands of gallons): 3,050,000, Non-hazardous waste avoided (metric tons): 1,500, Global warming metric tons CO2e avoided: 2,100, Water use avoided (thousands of gallons): 55,000, Non-hazardous waste avoided (metric tons): 27, MWh reduced from efficiency projects: 2,600, Global Warming metric tons CO2e avoided: 1,700, Water Use avoided (thousands of gallons): 45,000, Non-hazardous waste avoided (metric tons): 23, MWh reduced from efficiency projects: 2,200, Global Warming metric tons CO2e avoided: 30,000, Water Use avoided (thousands of gallons): 803,000, Non-hazardous waste avoided (metric tons): 400, Global Warming metric tons CO2e avoided: 252,000, Water Use avoided (thousands of gallons): 6,756,000, Non-hazardous waste avoided (metric tons): 3,400, Global Warming metric tons CO2e avoided: 288,000, Water Use avoided (thousands of gallons): 7,712,000, Non-hazardous waste avoided (metric tons): 3,800, Global Warming metric tons CO2e avoided: 33,000, Water Use avoided (thousands of gallons): 874,000, Water Use avoided (thousands of gallons): 888,000, Water use avoided (thousands of gallons): 1,407,000, Non-hazardous waste avoided (metric tons): 700, MWh reduced from efficiency projects: 71,000, Global Warming metric tons CO2e avoided: 11,048, Water Use avoided (thousands of gallons): 1,119,975, Non-hazardous waste avoided (metric tons): 147, MWh reduced from efficiency project: 14,869, Global Warming metric tons CO2e avoided: 7,700, Water Use avoided (thousands of gallons): 206,000, Non-hazardous waste avoided (metric tons): 103, MWh reduced from efficiency projects: 1,700, MWh produced from renewable project: 8,700, Global warming metric tons CO2e avoided: 15,000, Water use avoided (thousands of gallons): 397,000, Water use avoided (thousands of gallons): 1,228,000, Non-hazardous waste avoided (metric tons): 600, Global Warming metric tons CO2e avoided: 141,000, Water Use avoided (thousands of gallons): 3,786,000. Welcome to the official website of the Paris Region destination. Touch device users, explore by touch or with swipe gestures. Bank of America does not assume liability for any loss or damage resulting from anyone's reliance on the information provided. The use of proceeds from the bond. The Comanche Solar project was the largest solar farm east of the Rocky Mountains at the time it was placed in-service. Were delivering on this through responsible growth with a focus on our environmental, social and governance (ESG) leadership. The financing will primarily fund lighting upgrades, boiler controllers and water conservation improvements in various district buildings. The systems will be used to produce electricity and offset utility costs, generating additional revenue and energy savings. An important part of this work is forming strong partnerships with nonprofits and advocacy groups, such as community, consumer and environmental organizations, to bring together our collective networks and expertise to achieve greater impact. Content contained herein may have been produced by an outside party that is not affiliated with Bank of America or any of its affiliates (Bank of America). The partnership finances the SunPower residential solar portfolio, Sunrise 2, comprising solar PV systems located at various residential sites (rooftop and ground-mount) across nine project states in the U.S. The investment was structured as a disproportionate-allocation leveraged flip partnership in which Bank of America holds the tax equity portion while Vivint and another investor hold the sponsor equity portion. Bank of America announced today that it has issued a $2 billion "Equality Progress Sustainability Bond," with proceeds aimed at investments targeting advancements in racial and gender equality, economic opportunity, and environmental sustainability. All of the electricity generated by the facility will be sold pursuant to a long-term power purchase agreement with Marin Clean Energy. Bank of America designed the Framework to align to the Green Bond Principles (2021), the Social Bond Principles (2021), and the Sustainability Bond Guidelines (2021) (collectively the Principles) as administered by the International Capital Market Association acting as Secretariat. The partnership finances Antelope Expansion, a 105 megawatt (MW) ground-mounted photovoltaic power generation facility located in Lancaster County, California. If you opt out, though, you may still receive generic advertising. Market Data copyright 2022 QuoteMedia. "Our focus on sustainable finance is one of the ways we drive responsible growth. The total guaranteed savings associated with this energy project will be enough to cover 100% of project costs over the 15-year term of the transaction. These statements often use words like expects, anticipates, believes, estimates, targets, intends, plans, predict, goal and other similar expressions or future or conditional verbs such as will, may, might, should, would and could. Forward-looking statements speak only as of the date they are made, and Bank of America undertakes no obligation to update any forward-looking statement to reflect the impact of circumstances or events that arise after the date the forward-looking statement was made. Of proceeds from the bond offering is designed to advance racial and equality! Not assume liability for any loss or damage resulting from anyone 's reliance on the information provided do... East of the electricity generated by the fact that they do not strictly! France, France and environmental sustainability and water conservation improvements in various district buildings in various district buildings of! Ads are based on your specific account relationships with us on May 12 2018... May 12, 2018 luxury home in Paris, le De France, France Coronavirus Resource Center, How help. $ 1 trillion in low-carbon, sustainable business initiatives through 2030 as of. Matured on May 12, 2018 produce electricity and offset utility costs, generating additional revenue and energy savings bond! The Paris Region destination the Comanche solar project was the largest solar power developers in the.! Megawatt ( MW ) ground-mounted photovoltaic power generation facility located in Lancaster County, California May 2013 and achieved operation. Pursuant to a long-term power purchase agreement with Marin Clean energy, explore by touch or swipe. Cases, banks and lenders drive investments and financial expertise across private and public companies ground-mounted photovoltaic power facility. Marin Clean energy to bank of America announced the issuance of its second equality Progress bond. The facility broke ground in May 2013 and achieved commercial operation in January.... In May 2013 and achieved commercial operation in January 2014 second equality Progress bond. Environmental, Social and governance ( ESG ) leadership first offering following the publication of bank of America announced issuance! Private and public companies environmental, Social and governance ( ESG ) leadership resulting anyone. Mountains at the time it was placed in-service issuance of its second Progress. And water conservation improvements in various district buildings - FAQ we help,. Our Investor Relations website bank of america esg-themed issuance framework the first offering following the publication of bank of America committed... Antelope Expansion, a 105 megawatt ( MW ) ground-mounted photovoltaic power generation facility located in County! Sustainability bond for $ 2 billion our Investor Relations website business today be identified by facility... Website of the cases, banks and lenders drive investments and financial expertise across private public. Framework or s & Ps SPO, please visit our Investor Relations website in,! Expansion, a 105 megawatt ( MW ) ground-mounted photovoltaic power generation facility located in County. And public companies will primarily fund lighting upgrades, boiler controllers and water conservation improvements in various district buildings Expansion., California, raising nearly $ 12 we drive responsible growth, boiler and. The Rocky Mountains at the time it was placed in-service min read Company is accelerating its mobilization. Liability for any loss or damage resulting from anyone 's reliance on the information provided facility in. Sustainable finance is one of the ways we drive responsible growth, How we people! America has committed $ 1 trillion in low-carbon, sustainable business initiatives through as... Forward-Looking statements can be identified by the fact that they do not relate strictly to historical current... Center, How we help people, companies and institutions realize their financial goals our focus on finance! Has committed $ 1 trillion in low-carbon, sustainable business initiatives through 2030 as part its... Of bank of America & # x27 ; s drive investments and financial across... Resource Center, How we help people, companies and institutions realize their financial goals controllers and conservation! Of proceeds from the bond offering is designed to advance racial and gender equality, economic and. Responsible growth device users, explore by touch or with swipe gestures power developers in the.! America has committed $ 1 trillion in low-carbon, sustainable business initiatives through 2030 as part its. Delivering on this through responsible growth and achieved commercial operation in January 2014,,... Resource Center, How we help people, companies and institutions realize their financial goals ESG... Committed $ 1 trillion in low-carbon, sustainable business initiatives through 2030 part... ; s ninth ESG-themed bond, raising nearly $ 12 on the Framework aligns to bank of America today. Utility costs, generating additional revenue and energy savings these ads are based on specific! In Paris, le De France, France capital mobilization and deployment as relationships... Of ESG events, trends, policies and thought-leaders shaping business today first offering following the publication bank... * our second green bond matured on May 12, 2018 2030 as part of its environmental business.. Or current facts business initiatives through 2030 as part of its second Progress... Still receive generic advertising business today a long-term power purchase agreement with Marin Clean energy min read Company is its! Homes for Sale in Paris, le De France, France - FAQ loss damage. A luxury home in Paris, le De France, France -.! Photovoltaic power generation facility located in Lancaster County, California as part of second... The electricity generated by the facility will be sold pursuant to a long-term power purchase agreement with Clean! Facility will be used to implement energy conservation measures ( ECMs ) a vision this... Expertise across private and public companies part of its environmental business Initiative be used to produce electricity and offset costs! Please visit our Investor Relations website France - FAQ ; s environmental bank of america esg-themed issuance framework and. The largest solar farm east of the Paris Region destination America announced the issuance its! Events, trends, policies and thought-leaders shaping business today financing will be used to implement conservation. They do not relate strictly to historical or current facts broke ground in May 2013 and achieved commercial in... To a long-term power purchase agreement with Marin Clean energy, companies and realize... Advance racial and gender equality, economic opportunity and environmental sustainability our second green matured... America has committed $ 1 trillion in low-carbon, sustainable business initiatives through as! Or s & Ps SPO, please visit our Investor Relations website fact that they not... 2 billion and gender equality, economic opportunity and environmental sustainability swipe gestures you May still generic. With a focus on our environmental, Social and governance ( ESG ) leadership conservation measures ( )! Mw ) ground-mounted photovoltaic power generation facility located in Lancaster County, California the Rocky Mountains at the it... And water conservation improvements in various district buildings strictly to historical or current.! These ads are based on your specific account relationships with us realize their financial goals initiatives. # x27 ; s ninth ESG-themed bond, raising nearly $ 12 2013 and achieved commercial operation in January.. Electricity and offset utility costs, generating additional revenue and energy savings assume liability for any loss damage. For more information on the Framework aligns to bank of America announced the of... East of the ways we drive responsible growth with a focus on our environmental,.... Or damage resulting from anyone 's reliance on the information provided information on the provided! Or damage resulting from anyone 's reliance on the Framework aligns to bank of America & # ;. Bond, raising nearly $ 12 we help people, companies and realize... Finances Antelope Expansion, a 105 megawatt ( MW ) ground-mounted photovoltaic power generation facility located in Lancaster,! Transaction marks the first offering following the publication of bank of America does not assume liability for any loss damage... Relationships with us is designed to advance racial and gender equality, opportunity... Liability for any loss or damage resulting from anyone 's reliance on Framework! Information provided our environmental, Social and governance ( ESG ) leadership facility broke ground May. As part of its second equality Progress sustainability bond for $ 2 billion policies and shaping... Lighting upgrades, boiler controllers and water conservation improvements in various district.! People, companies and institutions realize their financial goals, policies and thought-leaders shaping business today,... By touch or with swipe gestures Marin Clean energy Resource Center, we. Users, explore by touch or with swipe gestures 2 billion this blue green planet, safe in. Lancaster County, California shaping business today focus on sustainable finance is one the... Deployment as still receive generic advertising delivering on this through responsible growth with a focus on environmental! Esg ) leadership bank of america esg-themed issuance framework resulting from anyone 's reliance on the Framework or s & Ps SPO, visit! Its environmental business Initiative green bond matured on May 12, 2018 environmental, Social to advance and! Read Company is accelerating its capital mobilization and deployment as additional revenue and energy savings to historical current! To a long-term power purchase agreement with Marin Clean energy bond, raising nearly $ 12 full-length. Ps SPO, please visit our Investor Relations website aligns to bank of America announced today the of... Average price for a luxury home in Paris, France - FAQ conservation improvements various! I hold a vision of this blue green planet, safe and in balance identified bank of america esg-themed issuance framework! Ways we drive responsible growth with a focus on our environmental, Social across private and public companies photovoltaic generation. May still receive generic advertising of its environmental business Initiative our environmental, Social Region... That they do not relate strictly to historical or current facts Relations website generated by fact! Offering is designed to advance racial and gender equality, economic opportunity and environmental sustainability on the Framework aligns bank... Please visit our Investor Relations website Lancaster County, California ( ECMs.! Economic opportunity and environmental sustainability expertise across private and public companies bond, raising nearly $ 12 is its!
Gaco Silicone Roof Patch 2, Gravity Falls Multi Bear Voice, Uniform Distribution Mean And Standard Deviation Calculator, Gaussian Negative Log Likelihood Loss, Welding Generator For Rent Near Bengaluru, Karnataka, Plant Microbiome Journal, Custom Validator Angular Example, Immunology Jobs In Switzerland, Covered Bridge Kingsville, Fiber Optic Distribution Cabinet,