27 ENVIRONMENTAL SPEND UNITS 2010 (baseline) 2019 2020 2021 Total environmental protection spend Value of spend ($ USD in millions) - 15.1 14.5 15.8 GRI 307-1: Non-compliance with environmental laws and regulations. Refer to the disclosure of significant litigation, regulatory matters and material legal proceedings in Note 12 on pages 173–177 of the 2021 Financial Review (2021 Annual Report) . Data are sourced from our compliance management system, in which we record all instances of non-compliance with environmental regulations and spills; and spend with select third-party suppliers on environmental protection and compliance. SUPPLIER ENGAGEMENT UNITS 2010 (baseline) 2019 2020 2021 Suppliers invited to CDP Supply Chain # of suppliers 89 191 197 210 Spend invited to CDP Supply Chain information requests % of previous year’s spend - 73% 75% 75% Response rate to our CDP Supply Chain information requests % responded 84% 92% 90% 91% Suppliers reporting GHG emissions as part of CDP Supply Chain information requests % reporting emissions - 83% 86% 88% Suppliers reporting greenhouse gas or renewable energy targets as part of BAC CDP Supply Chain information requests % reporting targets - 65% 71% 73% Spend with suppliers who report GHG or renewable energy targets % of previous year’s spend - 44% 59% 61% Spend with suppliers assessed for ESG risks as outlined by our Vendor Code of Conduct GRI : 308-1: New suppliers that were screened using environmental criteria % of current year spend - - - 63% GRI 308-2: Negative environmental impacts in the supply chain and actions taken We sent the CDP (formerly Carbon Disclosure Project) Supply Chain Climate Questionnaire to 210 suppliers, which collectively represented 75% of our supply chain spend. 91% of these suppliers responded to the questionnaire. Additionally, as part of our supply chain monitoring process, all suppliers receive our Vendor Code of Conduct , which sets forth our expectations for human rights, labor and environmental standards throughout our global supply chain. W e monitor compliance with the code using a risk-based approach, which includes assessing our largest suppliers for ESG risk prior to contracting. Our contract templates include terms to ensure that our suppliers are obligated to comply with the expectations set forth in our code. Our selection process for inviting suppliers to the CDP Supply Chain survey takes into account both the environmental impact and spend with the supplier. Percent of spend metrics for greenhouse gas emissions reporting and greenhouse gas or renewable energy targets include information from both CDP and supplier-provided public reports. Diverting plastic waste In 2022, we became the first U.S.-based bank to commit to transition all plastic consumer and commercial credit and debit cards to at least 80% recycled plastic starting in 2023.
Bank of America ESG Report Page 26 Page 28