Corporate Social Responsibility At The Bank Of America...

Corporate Social Responsibility at the Bank of America Corporation Overview of Corporate Social Responsibility the Bank of America Corporation Background Information About Bank of America The Bank of America Corporation (Bank of America) is a bank and financial holding company that serves â€Å"individual consumers, small- and middle-market businesses, institutional investors, corporations and Governments with†¦ bank and nonbank financial services and products.† (Reuters) Profiting $5.32 billion in the second quarter of 2015, Bank of America is one of the biggest banks in the United States and the world. (Rexrode Rudegeair) Corporate Social Responsibility (CSR) Corporate Social Responsibility (CSR) describes programs adopted by a company in addition to their profit-making ventures. These programs are specifically intended to integrate environmental and social concerns into regular business operations. More than just charity, they act as the â€Å"conscience† of the company and balance the social and environmental actions of the company with the desires of the shareholders. (â€Å"What is CSR?,† 2015) As a multinational corporation valued at billions of dollars, Bank of America has a large impact on its employees and surrounding communities. CSR Focus Areas at Bank of America Corporate Social Responsibility at Bank of America is dedicated to making a global and local impact. Efforts are concentrated in six focus areas, including: responsible business practice, strong economics,Show MoreRelatedThe Bank of America Corporation: Corporate Social Responsibility and Ethics3003 Words   |  12 Pagesï » ¿Executive Summary Bank of America Corporation, a multinational banking and financial services organization that is the second largest holding company in the entire United States by assets, and the fourth largest bank by capitalization. Headquartered in Charlotte, North Carolina, the banks serves clients in more than 150 countries and has a business relationship with over 99 percent of U.S. Fortune 500 companies and 83 percent of the Fortune Global 400. As of 2010, the bank is the 5th largest companyRead MoreCapitalism And Ethics Of Our Society1541 Words   |  7 Pageswhich people can act in pursuit of their own good without regard of social political pressure, and competition through which firms have liberty of entering and exiting the market. The capitalism that is known today started around mid- to late-1800s with the rise of the Industrial Revolution. This was when factories were established and humans were used as labour for a small group of Rahimi 2 men to earn profit from their labour. 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