Bank of America Corp
- Paris Agreement alignment
- Direct lobbying governance
Bank of America's disclosures suggest that its lobbying activities are under formal oversight, noting that its "political activities and public policy engagement are subject to comprehensive governance, including oversight from our Board's Corporate Governance, ESG, and Sustainability Committee." It further describes that its "public policy team is engaged with policy makers across the globe to help ensure we understand and, where appropriate, work to influence potential policy changes that could impact the Company or our clients," and that it is "collaborating with trade associations, through cross-sectoral and financial sector alliances, and with non-profit partners" to accelerate the low-carbon transition. However, the company does not disclose any specific policy, review process or criteria for aligning these direct and indirect lobbying activities with its climate commitments, nor any mechanism for monitoring or managing this engagement against its net-zero objectives.
This assessment is part of the Lobbying Governance Index, covering 8,500 companies scored on whether they have processes to oversee their climate lobbying. See all companies in North America or all companies in United States.