In 2024, Bank of America conducted an environmental assessment and disclosed corporate waste management data in accordance with recognized sustainability reporting standards.The company provided a breakdown of its waste by type (hazardous vs non-hazardous) and treatment method (recovery vs disposal), enabling greater transparency into its waste handling and environmental practices.
| Metric (tonnes) | 2024 | 2023 | 2022 | 2021-2019 |
|---|---|---|---|---|
Total Waste Generated | 86,528a | 87,040a | 87,723a | |
Total Waste Recovered | 55,618a | 57,792a | 52,408a | |
Total Hazardous Waste Generated | 765.025a | 1,176a | 884.005a | |
Non-Hazardous Waste Disposed | 30,910a | 29,249a | 35,315a |
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In 2024, Bank of America generated a total of 86,528metric tonnes of waste.a
Of this amount, 64.28% of Bank of America's total waste generated was recovered through methods such as recycling, reuse, or composting, while 35.72% was disposed of through landfilling, incineration, or combustion.a
In 2024, Bank of America reported a total waste generation of 86,528 metric tonnes, of which 64.28% was recovered through recycling, reuse, or composting.This moderate level of recovery indicates that Bank of America is taking steps toward improving its waste diversion practices, though there is still room to enhance recycling and recovery efforts.a
Since 2022, Bank of America's total waste generation decreased by 1.36%, and remained stable in 2024, which may indicate a new baseline following earlier reductions in waste output.a
Over the same period, Bank of America's waste recovery rate increased by 7.59%, but declined by 3.19% in 2024, potentially signaling volatility in waste treatment processes or shifting priorities in waste management.a
Overall, Bank of America’s waste generation and recovery data show a mixed and inconsistent trend. A deeper analysis of the company's activities, industry benchmarks, and operational changes is needed to assess its sustainability performance more precisely.
In 2024, Bank of America generated a total of 86,528 metric tonnes of waste.a
Of this amount, 0.88% of Bank of America's total waste generated of was classified as hazardous waste, characterized by properties such as toxicity, flammability, corrosiveness, or reactivity that may pose risks to human health, ecosystems, or the environment.99.12% was identified as non-hazardous waste, generally considered less harmful and subject to lighter regulatory controls.a
Since 2022, Bank of America's total waste generation decreased by 1.36%, and remained stable in 2024, signaling a plateau following previous reductions that may mark a new waste baseline.a
Over the same period, Bank of America reduced the hazardousness of its waste by 12.26%, with a further 34.56% decline in 2024, suggesting a sustained and meaningful shift toward safer waste profiles and lower environmental impact.a
Overall, Bank of America's waste and hazardousness trends are mixed or inconclusive. A more detailed review of its materials, industry standards, and operational changes would help clarify the net environmental impact of its waste strategy.a
In 2024, Bank of America reported that 765 metric tonnes of its total waste output were classified as hazardous. This represents 0.88% of its overall waste generation.a
The company treated this hazardous waste using a combination of methods.A majority (100%) was diverted from disposal through recovery-oriented treatments such as recycling or reuse. This suggests that Bank of America has established processes to reduce the environmental burden of its most harmful waste streams.a