Corporate Social Responsibility

Our commitment to the community

Bank of America is committed to helping people achieve their financial goals and strengthening the fabric of the communities in which we do business. We know that community strength depends on the interplay of complex and diverse elements and, as such, we mobilise our resources to help communities thrive around the world.

Doing the right thing is a core value at Bank of America. We take a holistic view of our role and responsibilities as a corporation, seeking to do the right thing by our environment and by each other. We believe that sustainable growth is rooted in respect and responsibility and that our organisation can succeed only when our communities succeed.

Bank of America’s support of communities through philanthropy, volunteerism, environmental initiatives, community development lending and responsible corporate practices is an investment in its long-term success as a business. The bank is delivering on three significant goals over the next 10 years to improve the economic health and vitality of the communities it serves:

1. A $1.5 trillion community development lending and investing goal focused on affordable housing, small business growth and other economic development initiatives.
2. A philanthropic goal to invest $2 billion in charitable organisations committed to strengthening neighbourhoods.
3. A $20 billion environmental initiative to address the issue of climate change.

From promoting home ownership and retention through responsible lending and investing to fostering the new green economy and access to educational, leadership, arts and cultural opportunities, Bank of America recognises that healthy communities are important to all stakeholders and to its bottom line.

Over the coming months we commit to communicating our story in the UK more comprehensively and look forward to sharing with you the impact that Bank of America has achieved in the UK to date.