0001214659-23-005398.txt : 20230414 0001214659-23-005398.hdr.sgml : 20230414 20230414091018 ACCESSION NUMBER: 0001214659-23-005398 CONFORMED SUBMISSION TYPE: PX14A6G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20230414 DATE AS OF CHANGE: 20230414 EFFECTIVENESS DATE: 20230414 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: BANK OF AMERICA CORP /DE/ CENTRAL INDEX KEY: 0000070858 STANDARD INDUSTRIAL CLASSIFICATION: NATIONAL COMMERCIAL BANKS [6021] IRS NUMBER: 560906609 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: PX14A6G SEC ACT: 1934 Act SEC FILE NUMBER: 001-06523 FILM NUMBER: 23819922 BUSINESS ADDRESS: STREET 1: BANK OF AMERICA CORPORATE CENTER STREET 2: 100 N TRYON ST CITY: CHARLOTTE STATE: NC ZIP: 28255 BUSINESS PHONE: 7043868486 MAIL ADDRESS: STREET 1: BANK OF AMERICA CORPORATE CENTER STREET 2: 100 N TRYON ST CITY: CHARLOTTE STATE: NC ZIP: 28255 FORMER COMPANY: FORMER CONFORMED NAME: BANKAMERICA CORP/DE/ DATE OF NAME CHANGE: 19981022 FORMER COMPANY: FORMER CONFORMED NAME: NATIONSBANK CORP DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: NCNB CORP DATE OF NAME CHANGE: 19920107 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: NEW YORK STATE COMMON RETIREMENT FUND CENTRAL INDEX KEY: 0000810265 IRS NUMBER: 146103815 STATE OF INCORPORATION: NY FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: PX14A6G BUSINESS ADDRESS: STREET 1: OFFICE OF THE STATE COMPTROLLER STREET 2: 14TH FLOOR, 110 STATE STREET CITY: ALBANY STATE: NY ZIP: 12236 BUSINESS PHONE: 518-486-6998 MAIL ADDRESS: STREET 1: OFFICE OF THE STATE COMPTROLLER STREET 2: 14TH FLOOR, 110 STATE STREET CITY: ALBANY STATE: NY ZIP: 12236 PX14A6G 1 x412230px14a6g.htm

 

NOTICE OF EXEMPT SOLICITATION

 

 

 

 

Name of the registrant:

Bank of America Corp.

 

 

Name of person relying on exemption:

New York State Comptroller Thomas P. DiNapoli, Trustee of the New York State Common Retirement Fund

 

 

Address of person relying on exemption:

Office of the New York State Comptroller

Division of Legal Services

110 State Street, 14th Floor

Albany, NY 12236

 

 

Written material:

Text of April 12, 2023 Email sent by Eri Yamaguchi, Senior Corporate Governance Officer—Head of Environment for the New York State Common Retirement Fund

 

   
 

  

VOTE FOR

SHAREHOLDER PROPOSALS ON FOSSIL FUEL PHASE-OUT POLICY

FILED AT

BANK OF AMERICA, JP MORGAN CHASE, WELLS FARGO, MORGAN STANLEY, CITIGROUP, and GOLDMAN SACHS

 

The New York State Common Retirement Fund urges shareholders to VOTE FOR proposals filed at Bank of America Corp., JP Morgan Chase & Co., Wells Fargo & Co., Morgan Stanley, Citigroup, Inc., and Goldman Sachs calling for these financial institutions to adopt a policy for a time-bound phase-out of these institutions’ lending and underwriting to projects and companies engaging in new fossil fuel exploration and development.

 

All of these financial institutions have made net-zero commitments and have joined the Net-Zero Banking Alliance (NZBA)and can make progress on these commitments by adopting policies to phase out these institutions’ lending and underwriting for new fossil fuel exploration and development.

 

Failure to achieve net-zero greenhouse gas emissions by 2050 at the latest and limit global warming to 1.5-degrees Celsius poses enormous risks to the global economy, with estimates of global losses from climate change of 10% of total economic value by mid-century. Financial institutions that continue to finance fossil fuel development are exposing themselves and their investors to material risks associated with the systemic impact of climate change and the transition to a low carbon economy. For example, the Intergovernmental Panel on Climate Change and the International Energy Agency have both predicted that net-zero alignment requires no new fossil fuel supply as of 2021.1

 

In order to mitigate the risks posed by climate change and to ensure that financial institutions are doing business in a manner consistent with their goal of achieving net-zero by 2050, we urge you to SUPPORT THESE SHAREHOLDER PROPOSALS CALLING FOR A TIME-BOUND PHASE-OUT POLICY OF LENDING AND UNDERWRITING FOR NEW FOSSIL FUEL EXPLORATION AND DEVELOPMENT.

 

For questions, please contact Eri Yamaguchi, Senior Corporate Governance Officer - Head of Environment, New York State Common Retirement Fund, eyamaguchi@osc.ny.gov.

  

This is not a solicitation of authority to vote your proxy.

Please DO NOT send us your proxy card as it will not be accepted.

 

 

1 https://g20sfwg.org/wp-content/uploads/2021/10/2021-UNEP-FI.-Recommendations-for-Credible-Net-Zero-Commitments.pdf p. 15
https://www.iea.org/reports/net-zero-by-2050, p. 20