Bank of America pledged $1 billion in 2020 to fight racial inequality and later expanded that pledge to $1.25 billion over five years. Funds are directed to minority entrepreneurs, community development, and “racial justice” causes. While marketed as inclusion, critics argue it diverts shareholder resources toward political activism instead of core banking services

Bank of America has made ESG investment and climate commitments a centerpiece of its operations, promising to achieve net zero emissions in its financing activities by 2050. This means BofA now decides what projects to finance based not only on profitability but on compliance with activist climate goals. For depositors, it signals that the bank plays politics with capital allocation.

Bank of America consistently receives a top score of 100 on the Human Rights Campaign’s Corporate Equality Index. The bank actively promotes LGBTQ+ resource groups, inclusive benefits, and Pride-themed sponsorships. For customers, this means their deposits fund more than banking, they also support corporate campaigns wrapped in rainbow colors.