Trillium Asset Management, LLC is urging shareholders of Bank of America Corporation (BAC) to vote in favor of Proposal 6 at the upcoming annual meeting on April 24, 2024. The proposal requests an annual report on the alignment of BAC's lobbying activities with its commitment to achieving net zero emissions by 2050, including financed emissions. Trillium emphasizes the importance of supportive public policies for BAC's climate goals and the broader energy transition, highlighting the company's commitment to mobilize $1 trillion for sustainable business by 2030. The proposal also calls for transparency in BAC's governance of lobbying activities and policy actions. Trillium's call to action comes amid concerns that BAC's current lobbying efforts, particularly through trade associations, may not be fully...Show More

Trillium Asset Management, LLC is urging shareholders of Bank of America Corporation (BAC) to vote in favor of Proposal 6 at the upcoming annual meeting on April 24, 2024. The proposal requests an annual report on the alignment of BAC's lobbying activities with its commitment to achieving net zero emissions by 2050, including financed emissions. Trillium emphasizes the importance of supportive public policies for BAC's climate goals and the broader energy transition, highlighting the company's commitment to mobilize $1 trillion for sustainable business by 2030. The proposal also calls for transparency in BAC's governance of lobbying activities and policy actions. Trillium's call to action comes amid concerns that BAC's current lobbying efforts, particularly through trade associations, may not be fully aligned with its net-zero commitment or the Paris Agreement's goals. The proposal seeks detailed disclosures on BAC's lobbying positions and criteria for assessing alignment, which are currently lacking according to Trillium. The investment firm believes that the requested report would benefit shareholders and support the transition to a low-carbon economy.