Bank of America Corp.

Bank of America Corp. is a U.S.-based global financial company that offers consumer banking and wealth management, investment banking, and other financial services. Water use for Bank of America is concentrated in its own operations, including office buildings, data centers, landscaping, and cooling towers. The company also supports some water-related projects through its financing activities, but these are separate from water use in its own operations.

The company's largest operational water achievement has been reducing potable water demand in its buildings. Potable water withdrawals in 2024 were down 55% from a 2010 baseline, driven by building-efficiency and water-reduction projects.

As part of this effort, Bank of America's data centers and office buildings in high water-stressed areas replaced water-cooled chillers with air-cooled HVAC systems that do not rely on evaporative cooling. This project is particularly significant because it reduces water use specifically in high water-stressed locations rather than lowering consumption across the company's entire footprint, including areas with lower water risk.

Bank of America also seeks to reduce irrigation demand through xeriscaping, drip irrigation, irrigation-water monitoring, and more efficient turf selection at facilities with historically high irrigation-related water use. The company assesses locations with high and extremely high baseline water stress using WRI Aqueduct and discloses those locations.