The Impact of Standards on Corporate Renewable Energy Procurement: A Case Study with Bank of America and Green-e® Energy

  • Author(s): CRS Staff
  • Date: February 1st, 2022 | Report | 3 Pages

  • The UNECE Portal on Standards for the SDGs features a CRS case study of Bank of America’s purchase of renewable energy certificates (RECs) that were certified by Green-e® Energy. In 2019, Bank of America purchased enough Green-e® certified RECs to match 100% of its North American operations, including retail locations, ATMs, data centres, and corporate offices. This amounted to more than 1.7 million megawatt-hours (MWh) of renewable generation, equivalent to the energy consumption of over 150,000 U.S. households. Bank of America sets an example for companies looking to make meaningful, lasting contributions to renewable energy expansion in North America.

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