Bank of America – Woke Company Report

Full report

Bank of America is graded D because of one MAJOR item: on June 24, 2022 it announced it would cover employees' travel costs for abortions; a company spokesperson said the benefit covers 'reproductive healthcare including abortion' (News & Observer). Paying for employees' abortion travel is a MAJOR item under our rules. Without the cap, its score would be 90, a B.

A serious (MAJOR) finding caps the score at 83, a D. Without the cap, Bank of America would score 90 (100 minus its 10 points). See How We Rate.

Points deducted by category

1. DEI hiring, pay & suppliers: 1/15 points deducted
   • 10-K: "Talent, Inclusion and Opportunity" section with race and gender representation tables. (source)
2. Internal policies & benefits: 0/10 points deducted
3. Free speech, debanking, deplatforming & anti-military/anti-American conduct: 0.75/15 points deducted
   • Closed the account of Indigenous Advance Ministries (2023), citing "business type." BofA denies political or religious motives. (source)
   • Reversal: Updated its code of conduct to cover political-viewpoint discrimination. (source)
4. Political giving (PAC, treasury, leadership): 0/10 points deducted
5. Advocacy, lobbying & public statements: 0/15 points deducted
6. Marketing, products & content: 0/10 points deducted
7. Charitable & activist funding: 2.5/10 points deducted
   • $1.25B, five-year "racial equality and economic opportunity" commitment (expanded from $1B in 2020). (source)
8. ESG, activist investing & industry/regional boycotts: 1.5/10 points deducted
   • The OCC's preliminary debanking review of the nine largest banks, including Bank of America, N.A., found 2020 to 2023 policies restricting financing to lawful industries. The review does not attribute each policy to a specific bank. (source)
   • Reversal: Walked back the blanket firearms-lending ban to case-by-case review. (source)
   • Reversal: Left the Net-Zero Banking Alliance. (source)
9. China & foreign-adversary ties: 0/5 points deducted
10. Election & voting-law activism: 4/10 points deducted
    • Bank of America is listed as a corporate signer of the "We Stand for Democracy" two-page ad (NYT and Washington Post, Apr 14, 2021), which opposed "any discriminatory legislation or measures that restrict or prevent any eligible voter" from voting, published as states including Georgia passed election-law changes. (source)
11. Border & immigration enforcement: 1/10 points deducted
    • Bank of America said in June 2019 that it would exit its relationships with companies that provide prison and immigration-detention services: "it is our intention to exit these relationships." (source)
    • Reversal: Reported: Bank of America changed its 2019 policy to a case-by-case review "subject to enhanced scrutiny" (about late 2023, per a bank spokesman) and in 2025 opened a deposit account for CoreCivic (Semafor, June 5, 2025). (source)
12. Faith, family & children: 0/10 points deducted
13. Climate & anti-fossil-fuel advocacy: 2/10 points deducted
    • Still keeps a 2030 power-sector financed-emissions target. (source)
14. Second Amendment & lawful-firearms commerce: 1.5/10 points deducted
    • Stopped lending to makers of military-style firearms for civilian use. (source)
15. Government-coordinated content moderation: 0/10 points deducted
16. Abortion advocacy, benefits & funding: 4/10 points deducted
    • Bank of America announced on June 24, 2022 that it would cover employee travel costs for abortions; spokesperson Naomi Patton, quoted word for word by the News & Observer, said the benefit covers "reproductive healthcare including abortion." (source)
17. American Workers & H-1B Displacement: 0/10 points deducted

Final verdict: Grade D

Grades run A (best) to F (worst) on a 0–100 scale, where a higher score is better: every company starts at 100 and loses points for each finding. Every finding links to its source. See how we rate for the scale and the category caps.