Bank of America Corporation is a Humankind 100 company whose ranking is based on its Humankind Value, a proprietary metric that provides an estimate of the overall dollar amount a company creates for investors, consumers, employees, and society at large.
Bank of America Corporation is an American multinational financial services company and investment bank. One of the largest banks in the US, the bank caters to a wide array of customers ranging from serving individuals, small and midsize businesses, large corporations, and governments.
(All values are in US Dollars, where M=Million, B=Billion, T=Trillion.)
In our analysis, the combined Humankind Value of the entire economy is positive. Well-capitalized financial institutions, by funding a net-positive economy, can facilitate positive outcomes. Bank of America Corp. is responsible for positive Humankind Value, with much of its positive value coming from Economic Value ($40.7 B) and Medical Services ($4.6 B). The company produces economic value by offering to consumers goods and services that they value, paying employees for their labor in producing these goods and services, and providing value for shareholders. Bank of America’s value associated with Medical Services is linked to an estimate of 96,001.2 additional years lived by people worldwide. However, it has room for improvement with respect to Greenhouse Gases (-$1.4 B) and Workplace Injuries (-$1.1 B). Economic Value and Workplace Injuries are attached to this company as a result of its direct business activities. Medical Services and Greenhouse Gases are largely consequences of the actions of supply chain partners.