BofA deployed $250B under sustainable finance capital in 2021

Bank of America Corp. deployed approximately $250 billion under sustainable finance activity in 2021 in an effort to mobilize and scale capital deployment to drive environmental and social change in line with the 17 United Nations Sustainable Development Goals.

The deployment of the funds is part of Bank of America's commitment to invest $1.5 trillion by 2030 under the sustainable finance goal announced last April.

Bank of America provides lending, capital raising, advisory, and investment services, along with other financial and risk management solutions, for clients transitioning to a low-carbon, inclusive economy.

The company continues to expand its environmental sustainable finance activities and offerings, including increased asset-based financing, advisory, and capital raising activities.

According to the Bank of America's 2021 Annual Report, some of the key highlights of sustainable finance activities in the previous year included underwriting $47.1 billion in ESG-themed bonds on behalf of more than 182 clients and having a renewable energy tax equity investor portfolio of approximately $12 billion as of year-end 2021.