Bank of America Corporation has launched its second annual corporate social responsibility (CSR) report. The report provides an overview of the social and environmental impact of the company’s business and operations, and what the organisation is doing to create value for shareholders, clients, customers, employees and communities. It covers six key areas, including responsible business practices, strong economies, environmental sustainability, leadership and service, arts and culture, and diversity and inclusion. Significant progress was made in 2011, demonstrating both local impact and global momentum. The copy of the report can be found at www.bankofamerica.com/csrreport.
Also attached is an EMEA factsheet featuring some of the company’s major initiatives in this region such as:
- · Accumulating 34,381 hours of employee volunteering in our local communities
- · Supporting CleanStar Mozambique, who produce biofuel from sustainable sources and encourage use of clean cook-stoves, through a multi-million Certified Emissions Reductions financing agreement. This initiative won a special Sustainable Deal of the Year recommendation from the Financial Times/International Finance Corporation
- · Restoring works of significant cultural heritage in 10 countries across the region as part of our Art Conservation Project
Further, the company recently announced a new 10-year, $50 billion environmental business goal to help address climate change, reduce demands on natural resources and advance Jake Alden-Falconer