The transformation to a net-zero-emissions economy may be ambitious, but it is not impossible. By 2030, global investments in renewable energies must triple to $4 trillion per year.

Bank of America’s efforts in 2021 alone: $250 billion deployed to environmental finance efforts.

Bank of America’s 2022 Small Business Owner Report launched earlier this month and found that inflation and supply chain issues are impacting the majority of U.S. small business owners, causing operational challenges including price increases and sourcing new suppliers. Despite growing concerns around the direction of the economy, entrepreneurs are resilient and betting on their businesses, as 64% anticipate their revenue will increase in the year ahead.

AAPI small-business owners are using the experiences of the past two years to emerge stronger.

See how Bank of America is providing support and financing through its $2 billion equality progress sustainability bond and continued commitment to racial equality and economic opportunity.

Women are the answer to the recovery of our economy, says Andrea Jung, Grameen America Chief Executive Officer. But women entrepreneurs often struggle to find funding for their ideas. Grameen America, with the support of a Bank of America grant, is stepping in to provide opportunity, particularly for women living in poverty.

Watch how.

When governments and the nonprofit and private sectors work together, society can better achieve a healthier, sustainable environment and a more resilient global economy.

Here’s how Bank of America achieved carbon neutrality and is amplifying its efforts to achieve a net-zero global economy.

As a next step in its path to achieve net zero, Bank of America has set 2030 targets for reducing emissions associated with financing activities for three key sectors:

  • Auto manufacturing
  • Energy
  • Power generation

Looking forward: Expect more targets to help meet a goal of net zero before 2050.

All businesses have a role to play in accelerating the transition to a low-carbon, sustainable economy.

That's why Bank of America is part of the Partnership for Carbon Accounting Financials, a group of financial institutions working to assess and disclose the greenhouse gas (GHG) emissions associated with their loans and investments.

The UN revealed "net-zero" must be achieved by 2050 to avoid the worst effects of climate change.

Bank of America has deployed more than $200 billion to meet that goal, with an expanded goal to mobilize $1 trillion by 2030.

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