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
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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.