Skip to content

BofA Doubles Green Bond Goals, Adds People to Build ESG in Asia

  • Bank targets $50 billion in green underwriting by 2025
  • BofA to scale capital deployment in low carbon technologies
Bank Of America Locations Ahead Of Earnings Figures
Photographer: Jeenah Moon/Bloomberg

Bank of America Corp. aims to double its underwriting of green bond deals in China over the next two to three years, beefing up its business to capture the fast-growing market, the firm’s China head said in an interview. 

The Charlotte, North Carolina-based bank plans to underwrite $50 billion of green and sustainability-linked bonds, equities and loans for Chinese clients with carbon-neutral goals by the middle of the decade, according to Wang Wei, China country executive for the bank.