Lobbying Misalignment with Bank of America’s Goals WHEREAS: Climate change poses a systemic risk, with estimated global GDP loss of 11-14% by midcentury under current trajectories.[1] The U.S. Financial Stability Oversight Council has identified climate change as an increasing threat to the financial system.[2] We believe lobbying and public policy action inconsistent with the Paris Agreement may present an increasingly pressing danger to companies. We applaud Bank of America’s (BAC) commitment to achieving net zero by 2050. BAC acknowledged achieving its net zero goal requires collective action, including by policymakers, and described itself as “supportive of policies that will help …