Seven Common Misconceptions About Bank Of America Card | bank of america card
First U.S. Based Coffer to Accomplish the Change for All Artificial Acclaim and Debit Agenda Products; Will Advice to Abate Added Than 235 Bags of Single-Use Plastics
CHARLOTTE, N.C., April 21, 2022 /PRNewswire/ -- Coffer of America today appear that it will alteration all artificial acclaim and debit agenda articles to be fabricated from at atomic 80% recycled artificial starting in 2023. The aggregation is the aboriginal U.S. based coffer to accomplish this charge above its absolute debit and acclaim agenda portfolio, in befitting with its focus to abate single-use artificial in its accumulation chain. This will advice abate the ecology appulse of plastics in cards issued by Coffer of America and abutment the company's efforts to drive sustainable, low-carbon solutions.
Market analysis conducted by Escalent (April 2022) begin that added than 72% of consumers and baby business audience are absorbed in ecology sustainability and added than 69% appearance favorability appear accepting a recycled artificial debit/credit card.
"Shifting to a recycled agenda artefact is accession footfall against a added acceptable band-aid which will advice advance a annular economy," said Mary Hines Droesch, arch of Customer and Baby Business Articles at Coffer of America. "We are committed to accumulation sustainability throughout our business."
Bank of America issues 54 actor customer and bartering cards annually and estimates this accomplishment will advice to abate added than 235 bags of single-use plastics, based on its anniversary agenda issuance. The aggregation additionally anticipates that switching to recycled artificial for its acclaim and debit agenda portfolio will abate greenhouse gas emissions, activity and baptize usage.1 In addition, Coffer of America has offered agenda debit cards back 2019.
"Bank of America offers a agenda agenda for debit which audience can instantly actualize back they accessible an annual or back they charge a agenda replacement," said Robin Growley, Customer Deposit Payments and Articles controlling at Coffer of America. "The agenda agenda added helps to abate our clients' assurance on plastic."
Bank of America's History of Acceptable LeadershipBank of America set its aboriginal ambition to abate greenhouse gases in its operations in 2005, and in 2019 the aggregation met its carbon neutrality ambition a year advanced of schedule. Last year, Coffer of America set a net aught afore 2050 goal across its costs activities, operations and accumulation chain. Earlier this month, the aggregation announced its targets for abbreviation emissions associated with costs activities accompanying to three key sectors: auto manufacturing, activity and ability generation.
In April 2021, the aggregation additionally appear a $1 abundance by 2030 goal to activate basic to advance the ecology transition, this as allotment of its $1.5 abundance acceptable finance commitment to abutment the United Nations Acceptable Development Goals. Back 2007, Coffer of America has mobilized added than $350 billion against altitude and ecology business activities.
Additional resources: Anniversary Report to shareholders; Ecology Commitment.
1 Added capacity about this action will be aggregate in aboriginal 2023, back the aggregation completes an ISO-conformant life-cycle appraisal of its artificial acclaim and debit cards.
Cautionary Advice and Forward-Looking StatementsThis columnist absolution contains statements apropos environmental, amusing and babyminding (ESG) accompanying advice and opinions, in anniversary case which may accommodate metrics, targets, goals, commitments and sustainability strategy. Such Advice and any statements fabricated in affiliation therewith are not guarantees or promises that any metrics, goals, targets or commitments will be met, and are based on accepted goals, targets, commitments, estimates, assumptions, developing standards and methodologies and currently accessible data, which abide to advance and develop. The advice in this columnist absolution is as of the date referenced, accountable to change after apprehension and should be admired as apocalyptic and for allegorical purposes only. Such advice may additionally accommodate the use of non-financial metrics and/or added advice that are accountable to cogent altitude uncertainties, which may accommodate the methodology, accumulating and analysis of data, assorted estimates and assumptions and/or basal abstracts that is acquired from third parties, some of which cannot be apart verified.
Additionally, assertive statements independent in this columnist absolution may aggregate "forward-looking" statements aural the acceptation of the Private Securities Litigation Reform Act, including statements about approaching banking achievement and business and ESG-related information, which may advance over time. Words such as "estimates," "anticipates," "believes," "expects," "intends," "plans," and agnate expressions are acclimated to analyze advanced statements. Advanced statements reflect management's accepted expectations, affairs or forecasts, are not guarantees of approaching after-effects or performance, absorb assertive accepted and alien risks, uncertainties and assumptions that are difficult to adumbrate and generally above Coffer of America Corporation's ascendancy and are inherently uncertain. Actual outcomes and after-effects may alter materially from those bidding in, or adumbrated by, advanced statements. You should not abode disproportionate assurance on any advanced account and should accede the uncertainties and risks discussed in Coffer of America Corporation's 2021 Anniversary Report on Form 10-K and consecutive Securities and Exchange Commission filings. Coffer of America Corporation undertakes no obligation to amend or alter any advanced statements.
Website links throughout this columnist absolution are provided for accessibility only, and the agreeable on the affiliated websites is not congenital by advertence into this columnist release.
Bank of AmericaAt Coffer of America, we're guided by a accepted purpose to advice accomplish banking lives better, through the ability of every connection. We're carrying on this through amenable advance with a focus on our environmental, amusing and babyminding (ESG) leadership. ESG is anchored above our eight curve of business and reflects how we advice ammunition the all-around economy, body assurance and credibility, and represent a aggregation that bodies appetite to assignment for, advance in and do business with. It's approved in the across-the-board and admiring abode we actualize for our employees, the amenable articles and casework we action our clients, and the appulse we accomplish about the apple in allowance bounded economies thrive. An important allotment of this assignment is basic able partnerships with nonprofits and advancement groups, such as community, customer and ecology organizations, to accompany calm our aggregate networks and ability to accomplish greater impact. Connect with us on Twitter (@BofA_News).
For added Coffer of America news, including allotment announcements and added important information, visit the Bank of America newsroom and register for account email alerts.
Reporters may contact:
For ecology inquiries:Kelly Sapp, Coffer of AmericaPhone: 1.980.214.3070kelly.e.sapp@bofa.com
For acclaim and debit agenda inquiries:Don Vecchiarello, Coffer of AmericaPhone: 1.980.387.4899don.vecchiarello@bofa.com
View aboriginal agreeable to download multimedia:https://www.prnewswire.com/news-releases/bank-of-america-will-transition-to-recycled-plastic-for-all-plastic-credit-and-debit-cards-beginning-in-2023-301530083.html
SOURCE Coffer of America Corporation
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