Climate change

Amalgamated Bank, a subsidiary of Amalgamated Financial Corp. (NASDAQ: AMAL) and a mission-driven, full-service commercial bank that empowers organizations and individuals to advance positive social change), released data today on its climate-related lending with 31% of loans in 2021 going to climate solutions.

Amalgamated Bank, a subsidiary of Amalgamated Financial Corp. (NASDAQ: AMAL) and a mission-driven, full-service commercial bank that empowers organizations and individuals to advance positive social change, today released a statement from Ivan Frishberg, Chief Sustainability Officer, on the United Nations Intergovernmental Panel on Climate Change report on rising greenhouse gas emissions and climate change.

Amalgamated Bank, a subsidiary of Amalgamated Financial Corp. (NASDAQ: AMAL) and a mission-driven, full-service commercial bank that empowers organizations and individuals to advance positive social change, today released a statement from Ivan Frishberg, Chief Sustainability Officer, on the Security and Exchange Commission vote to approve a proposal for climate-related risk disclosures.

Amalgamated Bank, a subsidiary of Amalgamated Financial Corp. (NASDAQ: AMAL) and a mission-driven, full-service commercial bank that empowers organizations and individuals to advance positive social change, today announced approval by Science Based Targets initiative (SBTi) of its net zero targets. 

Amalgamated Bank, a subsidiary of Amalgamated Financial Corp. (NASDAQ: AMAL) a mission-driven full-service commercial bank that empowers organizations and individuals to advance positive social change, today announced formal targets to achieve 49% reductions in 2030 and net zero greenhouse gas emissions in its financing and operations by 2045—five years ahead of the 2050 global deadline for net zero emissions, as stated by the UN Intergovernmental Panel on Climate Change.  

Today, Amalgamated Bank released a statement from President and CEO Priscilla Sims Brown in response to the report from Brian Deese, Director of the National Economic Council and Gina McCarthy, National Climate Advisor. The report produces a full government framework and plans for addressing climate risk and ensuring stability for our communities, our financial system, and the federal government.

Amalgamated Bank today announced that it is a founding member of the Net Zero Banking Alliance, part of the Glasgow Finance Alliance for Net Zero. Amalgamated played a key role in the formation of the Alliance.