Sustainability Magazine July 2023 | Page 123

TOP 10 05

Bank of America

CEO : Brian Moynihan ESG report �

06

PayPal

CEO : Dan Schulman ESG report �
As part of its environmental sustainability efforts , PayPal has set a target to achieve net-zero emissions by 2040 . The business also recognises that effective management of ESG risks and opportunities is integral to advancing its strategy and generating value for its stakeholders . The company ’ s ESG strategy reflects its comprehensive approach to these issues across the organisation , categorised into four key dimensions : responsible business practices , social innovation , employees and culture , and environmental sustainability .
The Bank of America has set a goal to achieve net-zero greenhouse gas emissions across its financing activities , operations , and supply chain prior to 2050 . Through its Environmental Business Initiative , the bank aims to mobilise and deploy US $ 1tn by 2030 to expedite the transition towards a sustainable , low-carbon economy . Bank of America is also advancing the sustainability of its operations , having accomplished carbon neutrality and procured 100 % renewable electricity in 2019 , exceeding their targets a year ahead of schedule .
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