In 2024, 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 disclosed progress toward renewable energy adoption, highlighting the share of total energy sourced from renewable versus non-renewable sources.
| Metric (GJ) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Energy Consumption | 7,710,631a | 7,604,496c | 7,735,671c | |
Non-Renewable Energy Consumption | 1,133,724b | 1,221,826c | 1,248,459c | |
Renewable Energy Consumption | 6,576,908b | 6,382,670c | 6,487,211c |
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In 2024, Bank of America consumed a total of 7.71 million Gigajoules of energy across its operations. Of this total, 85.3% 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 14.7% 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.ab
In 2024, Bank of America consumed a total of 7.71 million Gigajoules of energy, of which 85.3% was derived from renewable sources, including biofuels, biomass, biogas, solar, and wind power.ab
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.
Since 2022, Bank of America's total energy consumption remained relatively stable, but increased by 1.4% in 2024, which may reflect a short-term uptick in operational activity or energy demand.ac
Over the same period, the share of renewable energy in Bank of America's consumption increased by 1.71%, including a 1.62% increase in 2024, showing consistent progress in clean energy adoption.abc
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.