Bank of America Expands National Community Advisory Council

The FINANCIAL — On November 4, the National Community Advisory Council (NCAC), a diverse group of nonprofit and private-sector leaders convened by Bank of America, recognizes its 10th anniversary with the addition of five new members representing environment and sustainability expertise. Meeting this week in Washington, D.C., the group of senior consumer, community and academic leaders gathers twice a year to advise the bank on critical issues impacting society.

Formed in 2005, NCAC initially provided guidance on the bank’s community development lending and investment activities. While continuing its focus on community development and consumer policy issues, the council’s concentration has evolved into a broader focus on environmental, social and governance (ESG) issues and performance, according to Bank of America.

As part of the broad portfolio of climate change goals and transformative finance initiatives the bank has engaged with several leading environmental organizations. This led to an increased focus and expansion of environmental NCAC membership, which now includes:

ZEG Storytelling Festival

The Security Service of Ukraine lost the appeal in court to Alona Shevtsova, Ibox Bank

SEC Policy Director Corey Klemmer to Step Down

Patricia White Appointed as a Class C Director to the New York Fed Board of Directors

Armond Cohen, executive director, Clean Air Task Force

Rick Fedrizzi, founding chairman and CEO, U.S. Green Building Council

Bob Perciasepe, president, Center for Climate and Energy Solutions (C2ES)

Andrew Steer, president and CEO, World Resources Institute

Mark Tercek, president and CEO, The Nature Conservancy

Another recent addition to the NCAC roster is Jane Nelson, a globally recognized leader in the CSR arena who currently serves as director of the Harvard Kennedy School’s Corporate Social Responsibility Initiative.

“Our members challenge us and collaborate with us to strengthen the impact of our collective work in the communities we serve, and we welcome new voices around the table to further that goal,” said Andrew Plepler, Corporate Social Responsibility executive, Bank of America, and NCAC chair. “We are proud that what started out as a conversation about community development has evolved into a decade of engagement on some of the biggest issues facing society.”

This week’s meeting will provide an opportunity for NCAC members and bank executives to sit down together and engage in meaningful dialogue on a broad range of topics, including neighborhood stabilization efforts around affordable housing, the state of civil rights, and environmental sustainability issues. These meetings are meant to address important topics and open the lines of communication between NCAC members and the bank on the state of the economy and how these collaborative efforts can lead to meaningful solutions.