Bank of America supplier requirements
What Bank of America requires
EcoVadis not mentioned in official BofA supplier documents.
Annual CDP survey — mandatory for key/high-spend suppliers since 2009. 375 suppliers surveyed in 2024. BofA uses data for own S3 Cat 1 calculation.
Not required. 70% of BofA suppliers by spend already have GHG/RE targets (2024) — exceeding 2030 goal ahead of schedule.
GHG scopes required: S1 (min) · S2 (min) · S3 (used by BofA for own calc).
What happens if you don't meet it
Suppliers who fail to meet Bank of America’s requirements face contract termination or breach. Stated consequence: Termination risk.
How to prepare quickly
If Bank of America has asked for your disclosure, treat it as a defined project with a deadline, not a checkbox. Key timing: Annual CDP cycle. 90% supplier risk assessment goal: 2030.. Greenplaces runs the assessment end to end — building the inventory, completing the submission, and closing gaps before the score is locked.