Environmental sustainability

Amalgamated Source

Today, Renew Financial announced the sale of $160 million of residential Property Assessed Clean Energy (PACE) assets to Amalgamated Bank, America’s socially responsible bank. PACE programs allow property owners to finance the costs of renewable energy, safety, and energy efficient home improvements at a fixed interest rate with flexible repayment terms. 

Amalgamated Source

New Columbia Solar ("NCS"), a commercial solar developer and operator in Washington, DC, today announced the closing of a $25M loan facility to support the financing of over $50M of solar photovoltaic projects in Washington, DC.

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 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.

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.

Earth Day is a day to celebrate our planet.  Created in 1970, the day marks the birth of the environmental awareness and protection movement, an impact area at the cornerstone of Amalgamated’s mission.  

Amalgamated Source

Global Alliance for Banking on Values (GABV) commits to work with its members to disclose the climate impact resulting from their portfolio of loans and investments within the next three years

Amalgamated Source

Loans enable over 2,000 California and Florida property owners to finance energy efficient projects for their homes 
 

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.