Bank of America Corp
Bank of America Energy Data Preview
In 2023, Bank of America disclosed key data related to its energy management practices, providing transparency into its operational energy use in line with recognized sustainability reporting frameworks.
Bank of America also reported how it meets its energy needs through a mix of purchased and self-generated energy, offering insight into its sourcing strategy and level of energy independence.
Additionally, Bank of America also disclosed progress toward renewable energy adoption, highlighting the share of total energy sourced from renewable versus non-renewable sources.
Finally, Bank of America also reported the types of energy sources as well as generation technologies, both for purchased and self-produced energy, helping stakeholders evaluate Bank of America's reliance on fossil fuels versus cleaner alternatives.
| Metric (GJ) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Energy Consumed | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Renewable Energy Consumed | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Non-renewable Energy Consumed | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Electricity Consumed | 0000000 | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
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Insights into Bank of America's Energy Renewability
In 2023, Bank of America consumed a total of 7.6 million Gigajoules of energy across its operations. Of this total, 83.93% was sourced from renewable energy, either derived from natural resources like biofuels, biomass, or biogas, or generated using renewable technologies such as solar or wind power. The remaining 16.07% was classified as non-renewable energy, coming from fossil-based fuels such as coal, natural gas, or crude oil, or from non-renewable generation technologies like nuclear power.
Bank of America's Energy Renewability Rate
How much of Bank of America's energy consumed is renewable?
In 2023, Bank of America consumed a total of 7.6 million Gigajoules of energy, of which 83.93% was derived from renewable sources, including biofuels, biomass, biogas, solar, and wind power.
This high level of renewable energy use suggests that Bank of America has taken strong steps toward decarbonizing its energy supply and reducing its dependence on fossil fuels.
Are Bank of America's energy practices becoming more sustainable?
Since 2021, Bank of America's total energy consumption increased by 2.44%, but declined by 1.7% in 2023, suggesting a recent moderation in energy use.
Over the same period, the share of renewable energy decreased by 1.85%, and then stabilized in 2023, indicating a halt in further decline without signs of active improvement.
Overall, Bank of America’s energy trends reveal a complex picture, with variations in total consumption and renewable sourcing. A closer examination of operational drivers and sourcing strategies is needed to fully assess the company’s environmental impact.
Bank of America's Renewable vs Non-renewable Energy Over Time
- Renewable Energy Consumed
- Non-renewable Energy Consumed
Insights into Bank of America's Energy Consumption & Production Mix
In 2023, Bank of America disclosed detailed information on the sources and generation technologies of the energy it consumed. This disclosure enables a clearer assessment of the Bank of America's overall energy mix, its sourcing strategy, and its reliance on fossil fuels versus cleaner alternatives such as renewables and low-carbon technologies.
Bank of America's Energy Consumed by Sources and Technologies
What are the main sources and generation technologies behind Bank of America's energy consumption?
In 2023, Bank of America's total energy consumption was primarily sourced from
- Electricity (Unspecified Source) (83.93%)
- Natural Gas (9.49%)
- Diesel, Fuel Oil, Gasoline (Petrol), Jet Fuel (ATF) and Propane (4.96%)
How diverse is Bank of America’s energy consumption mix?
In 2023, Bank of America consumed energy from 7 different sources or generation technologies, indicating a highly concentrated energy mix, with Electricity (Unspecified Source) alone accounting for 83.93% of total consumption.