Climate change

Amalgamated Bank has long been an advocate for fossil fuel divestment, having pledged not to invest or lend to fossil fuel companies more than 5 years ago. The 100% Fossil Fuel Free Portfolios managed by Amalgamated Investment Services contain mutual funds and ETFs that have been rigorously screened and attained perfect scores for fossil fuel divestment per environmental watchdog As You Sow.

Today, we are taking a huge step forward in this work by setting formal targets that strive to achieve net zero emissions in both our financing and operations. Our Net Zero Climate Targets Report outlines our plan for how we expect to build and align with a climate safe future.

Please read Ivan Frishberg’s letter, Director of Impact Policy at Amalgamated Bank, to ShareAction, outlining the details of Amalgamated’s work which demonstrates the leadership and action commensurate with the scale of the climate risk before us.

With the 2020 democratic presidential primary growing more crowded by the day, the progressive policy agenda will be on full display as candidates look to carve their own lanes to the Oval Office. One area that will undoubtedly garner considerable attention, and rightfully so, is how each candidate plans to address the growing threat of climate change.

While sitting in your living room at home, a 0.9 Fahrenheit degree increase in temperature might not send you running to crank up the air conditioner but when it comes to permanently heating the entire planet, it has the potential to cause some serious problems.

Last week, the Environmental Protection Agency announced a framework for a complete overhaul of pollution regulations on coal-burning power plants. These regulations, which come just weeks after a proposal to freeze anti-pollution and fuel efficiency standards for cars, is a considerable rollback of Obama’s Clean Power Plan...