Corporate and social responsibility

Amalgamated Bank believes that Black Lives Matter and that the horrendous death of George Floyd is just the latest example of the explicit racism embedded within our country’s entire criminal justice system. We believe the oppression of Black people must end now.

Amalgamated Bank is urging Congress to act swiftly to support the more than 30 million nonprofits and small businesses that were unable to access the first round of Small Business Administration (SBA) Payroll Protection Program (PPP) loans.

Amalgamated Source

Amalgamated Bank (Nasdaq: AMAL) today announced the publication of its 2019 Corporate Social Responsibility (CSR) Report. This report, titled “Responsibility in Action,” provides a comprehensive overview of Amalgamated’s CSR policies, strategies, initiatives, and related performance. For nearly 100 years, Amalgamated has used its financial resources and corporate influence to advance economic, social, and environmental change.

Please read the letter Keith Mestrich, President and CEO of Amalgamated Bank, wrote to Dan Cardinali, President and CEO of Independent Sector, about how Amalgamated shares a common mission with Independent Sector to ensure the nonprofit sector is well resourced as they support workers and families devastated by the COVID-19 crisis.

Amalgamated Source

Amalgamated Bank (Nasdaq: AMAL) today announced the launch of the Frontline Workers Fund, designed to provide financial support for workers on the frontlines of the COVID-19 pandemic, including nurses and health care workers, grocery workers, cleaning service workers, food service workers, laundry workers in hospitals, and retail workers, amongst others.

This month we turned 97 years old so we’ve seen our share of up and down times. We’ve navigated through depressions, recessions, world wars, bubbles, artificial highs and some very real lows. But we have never before seen anything like the present.  The COVID-19 virus is having a far-reaching effect, not just on our business, but on our families, our communities and our nation’s financial future.

This unprecedented moment is calling those in leadership to act in bold and innovative ways. The COVID-19 virus has impacted the entire global economy putting at risk the livelihood of tens of millions of Americans. Those who were already vulnerable in our economy are pushed even further to the brink.

Yesterday, the world’s largest investment firm, BlackRock, took a big step in confronting the threat of climate change and announced that they would now be making investment decisions with environmental sustainability as a core goal in meeting their fiduciary obligation to clients.

Amalgamated Bank works hard every day to support the most powerful change makers in America. We have the honor of standing with thousands of leaders of social change – nonprofits, foundations, labor unions, and more - as they take on complex, deeply rooted issues affecting hundreds of millions of lives.

Amalgamated Source

As part its ongoing leadership in social responsibility and sustainability, Amalgamated Bank (Nasdaq: AMAL) today unveiled a series of major steps in advancing its commitment to a more sustainable world.