|Bank of America 2011 Corporate Social Responsibility Report Showcases Local Impact, Global Momentum|
16/08/2012 07:25 (278 Day 04:48 minutes ago)
The FINANCIAL -- Bank of America released its annual Corporate Social Responsibility (CSR) Report to provide an overview of the social and environmental impact of its businesses and efforts to create value for shareholders, customers and clients, and the communities it serves.
The report highlights the progress made to deliver fairness and transparency in company products and services; lending and investing activities in low-income and underserved communities; philanthropic investments to address immediate and long-term community needs; and company and customer-focused environmental initiatives.
Helping more than 693,000 homeowners either purchase a home or refinance an existing mortgage with $151.8 billion in residential first mortgages in 2011, including more than 237,000 to low- and moderate-income borrowers.
Raising $644 billion in capital for clients in 2011 to help support economic expansion.
Originating more than $6.4 billion in new small business loans and commitments, and hiring more than 500 new small business bankers in 2011.
Financing two of the largest distributed rooftop solar projects in history to support a transition to cleaner, sustainable energy sources.
Providing more than $200 million in corporate philanthropy to address some of the most pressing issues, including affordable housing, financial education, disaster relief and more.
Recognizing more than 90 nonprofits as part of the Neighborhood Builders program, effectively reaching more than 1,200 executive directors and emerging leaders from nearly 600 nonprofits.
Expanding the Art Conservation Project in the United States, Europe, the Middle East, Africa, Asia Pacific, and Latin America.
Creating a Military Advisory Group to better coordinate programs across the company focused on supporting active military and veterans.
Holding the first annual Global Banking and Markets Global Women’s Conference designed to celebrate and highlight the achievements of female employees.
Continuing its commitment to the customer and employee diversity and inclusion initiatives that have earned the company public recognition from G.I. Jobs magazine, the Department of Defense, Barron’s, Human Rights Campaign, Black Enterprise and many others.