14 Planet, people and prosperity: Sustainable finance At Bank of America, sustainability guides how we conduct our business and operations as well as how we pursue Responsible Growth across core lending and investments, equity and debt capital markets activities, advisory services, supply chain financing and management, daily operations and engagement with internal teammates. The Global Sustainable Finance Group works with our Management Team and partners across 8 lines of business to establish our firmwide sustainable finance strategy, sets firmwide capital deployment and mobilization goals (such as our $1.5 trillion sustainable finance commitment by 2030), drives thought leadership across international alliances and taskforces, helps expand existing sustainable finance activities across LOBs and innovates in new areas of decarbonization financing and investments (such as green project finance and catalytic blended finance structures for emerging markets). We focus on delivering a consistent framework on taxonomy, process and impact evaluation across the firm, and stay laser focused on enterprise goals of achieving net zero emissions before 2050 and ensure in all of our businesses and communities, we deliver for the 17 United Nations Sustainable Development Goals. The two main pillars of the Sustainable Finance business focus are: Environmental Transition Address climate change and promote the circular economy including solutions for renewable energy, energy efficiency, clean transportation, water & sanitation, recycling, sustainable agriculture, and carbon capture & sequestration Inclusive Social Development Advance community development, affordable housing, healthcare, education, financial inclusion, and gender/ racial equality Segmentation Environmental Transition ($ USD MM) Social Inclusive Development ($ USD MM) Total 2021 Activity ($ USD MM) - Global Corporate and Investment Bank: Advisory, lend ing, leasing and capital markets activity for clients and activity aligned with the SDGs 109,804 48,904 158,708 Global Markets: Capital markets advisory, underwriting and distribution f or municipal and corporate clients and activity aligned with the SDGs 28,727 19,328 48,055 Global Commercial Banking: Advisory, lending, leasing and capital markets activity for clients and activity aligned with the SDGs 1,997 9,725 11,722 Business Banking: Lending to clients aligned with the SDGs 12 238 250 Retail and Preferred: Hybrid/Electric Vehicle lending, LMI lending for homeownership and small business 1,127 7,395 8,522 Merrill and Private Bank: Increase in client assets with a clearly defined ESG investment approach 12,531 6,265 18,796 All Other 3,126 2,484 5,610 Total 157,324 94,339 251,663
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