Social justice

The Department of Labor has issued a proposed rule that would make it even harder for pension funds to invest in ESG products. They are calling for a higher administrative burden that would effectively warrant ESG as an unlikely investment options. At Amalgamated Bank, we think this is wrong and oppose the DOL proposed rule.

Last week, Amalgamated Bank issued a public statement on our support for Black Lives Matter and promised that tangible actions would be forthcoming. I am sharing with you where we are now, just a little over a week later, and where I believe we can head in the future.

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.

With the launch of the “Hate Is Not Charitable Campaign”, the Amalgamated Foundation announced to the world that we would not sit quietly while organizations that promote hate continue to work the system to benefit their abhorrent actions.

Amalgamated Source

Philanthropists, foundations and donor advised fund providers take a stand against funding hatred.

Last week was quite a week for our country, and not in a good way. It was a week the likes of which I hope we never see again. It was characterized by way too much hate, much of which hit far too close to home and left many with an unsettling feeling about our current state of national affairs.

If you have a deposit account, loan or investment account with one of the mainstream banks, it’s entirely possible that you’re supporting the manufacture or distribution of guns without even realizing it.

Amalgamated Source

Adoption of New Proxy Voting Guidelines to Include LGBTQ Diversity on Corporate Boards Sets New Standard

Amalgamated Source

Bank Filed Legal Brief in January Supporting Mayor de Blasio’s Efforts to Protect New Yorkers