Environmentalist group blasts Bank of America for social-responsibility report

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Bank of America Corp. this week releasedits annual Corporate Social Responsibilty Report — and quickly received criticism from the Rainforest Action Network.

Charlotte-based BofA touts social responsibility as "an extension of the values" it holds as a company. The report focuses on the bank's impact in six areas: responsible business practices; strong economies; environmental sustainability; leadership and service; arts and culture; and diversity and inclusion.


However, environmental activist group RAN says BofA conspicuously leaves out its most significant environmental impact — financing for coal projects.

RAN claims on its website that BofA has invested more than $6.4 billion in coal in the past two years.

Charlotte Business Journal
Jen Wilson
Thursday, August 16, 2012

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