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
$5 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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Amalgamated Bank history
Does it really matter if a bank is socially responsible? Who cares what the bank does with your money, just as long as it is there when you need it? We care. At Amalgamated Bank, we believe banking – and the entire financial sector for that matter – must be responsible for its social and environmental impact.
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B Corp
For 96 years, social responsibility has been embedded into our products, policies, programs, operations and mission. So two years ago when we were recognized by B Lab as a company that meets their rigorous standards for social and environmental performance, accountability and transparency, it was an important third party endorsement.
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corporate and social responsibility
Today, we became the first bank in the United States to endorse the United Nation’s Principles for Responsible Banking. The Principles for Responsible Banking provide the framework for the sustainable banking system of the future.