The Global Sustainable Finance Group (GSFG) implements the strategy set by the Sustainable Markets Committee and works alongside Bank of America’s eight lines of business to mobilize and scale capital deployment that is aligned with the 17 United Nations Sustainable Development Goals (UN SDGs). The two main pillars of our business focus are as follows:
- Environmental Transition: Address climate change and promote the circular economy including solutions for renewable energy, energy efficiency, clean transportation, water & sanitation, sustainable agriculture, and carbon capture & sequestration
- Inclusive Development: Advance community development, affordable housing, healthcare, education, financial and digital inclusion, access to basic services, racial and gender equality, and promote environmental justice
To drive the effective implementation of our firm-wide sustainable finance strategy and accomplish our capital deployment target of $1.5T by 2030, our Sustainable Finance team operates across the following 4 focus areas:
- Asset Finance: Drive global asset financing, tax equity investments, and distribution solutions within Sustainable Finance
- Innovative Structuring: Develop innovative financing solutions within new sustainable asset classes and emerging technologies
- Advisory: Advise clients on strategies to successfully meet their sustainability goals including Net Zero and Carbon Neutrality, and Social & Inclusive Development
- Data, Strategy, & Governance: Develop and implement firm-wide sustainable finance strategy and track real time progress with clients in financing, investment, advisory, and distribution activities
