Bank of America today announced that it has increased its $1 billion, four-year commitment to advance racial equality and economic opportunity to $1.25 billion over five years. This effort further accelerates work already underway to address racial equality and opportunity through direct actions, investments and work to catalyze similar efforts across the private sector.
To date, the company has made more than $350 million in various investments from its initial $1 billion four-year commitment, announced in June 2020, across its primary focus areas of health, jobs/reskilling, affordable housing and small business. Additional funds announced today will further support investments to address racial justice, advocacy and equality for people and communities of color, including those of Asian descent.
Bank of America also recently tripled its affordable homeownership commitment to $15 billion through 2025 and issued a $2 billion Equality Progress Sustainability Bond designed to advance racial equality, economic opportunity and environmental sustainability. In 2020, the company provided $6.17 billion in affordable housing and economic development financing to help build strong, sustainable communities across the U.S.
This material does not take into account your particular investment objectives, financial situations or needs and is not intended as a recommendation, offer or solicitation for the purchase or sale of any security, financial instrument, or strategy. Before acting on any information in this material, you should consider whether it is suitable for your particular circumstances and, if necessary, seek professional advice. Any opinions expressed herein are given in good faith, are subject to change without notice, and are only correct as of the stated date of their issue.
Content contained herein may have been produced by an outside party that is not affiliated with Bank of America or any of its affiliates (Bank of America). Opinions or ideas expressed are not necessarily those of Bank of America nor do they reflect their views or endorsement. These materials are for informational purposes only. Bank of America does not assume liability for any loss or damage resulting from anyone's reliance on the information provided. Certain links may direct you away from Bank of America to an unaffiliated site. Bank of America has not been involved in the preparation of the content supplied at the unaffiliated sites and does not guarantee or assume any responsibility for its content. When you visit these sites, you are agreeing to all of their terms of use, including their privacy and security policies.
"Bank of America" is the marketing name for the global banking and global markets business of Bank of America Corporation. Lending, derivatives, and other commercial banking activities are performed globally by banking affiliates of Bank of America Corporation, including Bank of America, N.A., Member FDIC. Securities, strategic advisory, and other investment banking activities are performed globally by investment banking affiliates of Bank of America Corporation ("Investment Banking Affiliates"), including, in the United States, BofA Securities, Inc. and Merrill Lynch, Pierce, Fenner & Smith Incorporated, both of which are registered broker-dealers and Members of SIPC, and, in other jurisdictions, by locally registered entities. BofA Securities, Inc. is registered as a futures commission merchant with the CFTC and is a member of the NFA.
Company goals are aspirational and not guarantees or promises that all goals will be met. Statistics and metrics included in our ESG documents are estimates and may be based on assumptions or developing standards.
As part of this joint commitment, the United States, Spain, and Canada have established specific goals which are outlined below. The three countries are committed to working together with relevant governments in the region to meet these ambitious targets and support each other's efforts in achieving them.
In addition, the three countries will engage multilateral institutions and organizations to identify ways in which these institutions can support labor migration pathways, including support to advance fair recruitment and respect for worker rights.
We, the leaders of Japan, the Republic of Korea, and the United States, commit our governments to consult trilaterally with each other, in an expeditious manner, to coordinate our responses to regional challenges, provocations, and threats affecting our collective interests and security. Through these consultations, we intend to share information, align our messaging, and coordinate response actions.
Our countries retain the freedom to take all appropriate actions to uphold our security interests or sovereignty. This commitment does not supersede or otherwise infringe on the commitments arising from the Treaty of Mutual Cooperation and Security Between Japan and the United States and the Mutual Defense Treaty Between the United States and the Republic of Korea. This commitment is not intended to give rise to rights or obligations under international or domestic law.
We'll be in touch with the latest information on how President Biden and his administration are working for the American people, as well as ways you can get involved and help our country build back better.
Please note that the links on this page take you to the joint commitment statement for the Principles for Responsible Banking (PRB) and the NZBA. If you are already a PRB member and want to sign the additional commitment for the NZBA, or if you want to sign up to the NZBA only, contact us for a NZBA-only commitment statement using the form on this page.
We believe in free speech, free expression, and academic freedom. We believe in a robust exchange of ideas because we believe in an ethical pursuit of truth. Our official documents have outlined our commitment and, indeed, our obligation to uphold those beliefs.
True free speech, free expression, and academic freedom are not generational or preferential. In pledging to honor these ideals, we must recognize that this task can be arduous and precarious. Davidson has a professed commitment to free inquiry and to the inclusion of diverse persons and communities. We admit that these obligations have historically been more aspirational than actual. Acknowledging the intentional and unintentional exclusion of ideas and identities is both honest and constructive. Individuals and groups have been marginalized and their voices muted based on race, ethnicity, sexuality, gender, disability, class, ideology, citizenship, and religious or political affiliation.
Davidson College guarantees all members of the college community the broadest possible latitude to speak, write, listen, challenge, and learn, except when that expression violates the law, falsely defames a specific individual, constitutes a genuine threat or harassment, unjustifiably invades substantial privacy or confidentiality interests or is otherwise directly incompatible with the functioning of the College.
With this statement of freedom of expression, Davidson College acknowledges the need to build and nurture trust and empathy. With a generosity of spirit and forbearance, we aspire to seek common ground. To work toward these goals, we must have a unique solution that reflects and draws strength from our shared core values.
We do not expect perfection. We demand excellence. We expect to be better today than yesterday, better tomorrow still. The best way to ensure progression is to recognize that true inclusion and true free speech are interdependent. They must continue to be so.
This document borrows from and includes language from the Report of the Committee on Freedom of Expression of the University of Chicago, the Davidson College Statement of Purpose and the Davidson College Constitution.
Applicants or service providers can request multiple post-commitment requests related to a single ECF FCC Form 471 application within one ECF Post-Commitment Request Form, but will need to submit a separate form for requests related to other applications. You can include requests related to multiple Funding Request Numbers (FRNs) from an application within the same Post-Commitment Request Form.
The ECF Post-Commitment Request Form cannot be filed until USAC has issued a Funding Commitment Decision Letter (FCDL) for the FRN. The Post-Commitment Request Form should be filed as soon as the applicant or service provider is aware of new circumstances that require adjustment to one or more FRNs. For changes that arise before an FCDL has been issued, please contact your reviewer via the communications function in the ECF Portal to make the necessary updates.
The information included on an invoice must match the information in the ECF FCC Form 471. If something has changed since the ECF FCC Form 471 was committed, please submit a Post-Commitment Request Form, otherwise the invoice may not be approved and/or be delayed for review.
7fc3f7cf58