Climate Change and Sustainability
Climate change is a real threat to our planet and must be addressed with bold solutions directed by those on the frontlines
Who we are
- 100% carbon neutral in our operations
- Pledged to not invest in fossil fuels and support 100% clean energy
- First to endorse and one of three US banks to sign the UN Principles for Responsible Banking
- Global leader of the Partnership for Carbon Accounting Financials, which measures the carbon footprint of bank loan and investment assets
Where we stand
- We do not lend to fossil fuel companies
- We have committed to $700M in impact lending, which includes the solar and sustainable food sectors
- Committed to measuring and reporting Scope 3 emissions
- Committed to aligning all of our business practices with the Paris Climate Accords
- Composting and recycling at all offices and branches
- Dedicated and active Green Team that is constantly striving to make the Bank’s actions more sustainable
What we do
- Provide hundreds of millions of dollars annually in solar financing
- Launched the Fossil Fuel Free investment product for consumer and commercial clients
- Named Solutions Project as our 2019 Donate the Change partner to support their work in advocating for 100% Clean Energy
Why Amalgamated?
Block
$6 billion
in assets
100%
committed to renewable energy
$1.5MM+
donations to progressive causes and nonprofits
Putting our mission into action
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racial justice
Today, Amalgamated Bank announced its endorsement of HR 40, which is calling upon the Federal Government to form a Commission to explore reparations for African Americans. As of now, we are the first major U.S. bank to endorse HR 40, but are hopeful we are not the last.
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LGBTQ+ justice
Amalgamated Bank was founded almost 100 years ago to create a diverse, inclusive, and egalitarian community for labor workers. These tenets of our founding are elevated again today as we proudly announce that the Human Rights Campaign Corporate Equality Index (HRC CEI) has designated Amalgamated Bank “One of the Best Places to Work” in 2021.
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racial justice
Last week, Amalgamated Bank issued a public statement on our support for Black Lives Matter and promised that tangible actions would be forthcoming. I am sharing with you where we are now, just a little over a week later, and where I believe we can head in the future.
