Blog

Blog
What’s the big idea?

Welcome to the Amalgamated blog, a space for leaders and contributors from inside and outside Amalgamated Bank to share thoughts, opinions, and musings about topics relevant to our bank's mission and customers, the financial industry at large, and national and international affairs. Check back frequently as new blogs are posted on a regular basis.

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    Rolls of thread strung together
    Bank-wide

    Amalgamated Bank is pleased to announce the launch of ResponsiFunds,1 a suite of environmental, social, and governance (ESG) investment products designed to align investment and growth goals with organizational values and a vision of a better future.

    Topics: 
    April 14, 2021
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    Hands in a planter
    Bank-wide

    Officially one year into the COVID-19 pandemic and erratic state-by-state lockdowns, we continue to question what a “new normal” will look like for our country. We know that a return to old ways of doing business isn’t viable for the health of our planet and communities and that we have a responsibility to radically reimagine how we do business. 

    April 9, 2021
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    A road going through mountains
    Bank-wide

    The divestment movement finds itself fighting on a new, unexpected front. Fossil fuel interest groups (big oil and gas) have been regrouping their lobbying efforts after losing their key allies in the White House. Disappointed by the recent changes made by the federal administration to prioritize climate and environmental protection above get-rich-quick schemes for these businesses, they are now refocusing their efforts at the state level. Texas is enthusiastically taking up the gauntlet and leading the charge.

    Topics: 
    April 1, 2021
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    Three people working in a farm
    Bank-wide

    Demand for ESG investment strategies and products continues to see rapid growth. As we expand our ESG offerings, we are growing the team to lead this important work. We believe that sound Environmental, Social, and Governance (ESG) competencies will no longer be a trademark of industry distinction but a required commitment to better business practices. 

    Topics: 
    March 31, 2021
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    Amalgamated Bank logo on glass
    Bank-wide

    Today, Amalgamated Bank announced its endorsement of HR 40, which is calling upon the Federal Government to form a Commission to explore reparations for African Americans. As of now, we are the first major U.S. bank to endorse HR 40, but are hopeful we are not the last.

    March 17, 2021
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    Hands in the air
    Bank-wide

    Today, on International Women’s Day (March 8, 2021), we honor the centuries-long plight of women around the world, from women’s suffrage to #MeToo, and everything in between. The theme for this year’s women’s day is #ChooseToChallenge, based on the premise that from challenge comes change. We can all choose to challenge and call out gender bias and inequalities. We can also choose to seek out and celebrate women’s achievements. At Amalgamated Bank, we always choose to challenge social inequalities and injustices. 

    March 8, 2021
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    Pride flag
    Bank-wide

    Amalgamated Bank was founded almost 100 years ago to create a diverse, inclusive, and egalitarian community for labor workers. These tenets of our founding are elevated again today as we proudly announce that the Human Rights Campaign Corporate Equality Index (HRC CEI) has designated Amalgamated Bank “One of the Best Places to Work” in 2021.

    January 28, 2021
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    Bank-wide

    Against the rosy backdrop of recent market gains lies the cold reality that with the reopening of the economy comes an end to the brief respite from polluting cars and factories. The long-term effects of this pollution are more visible than ever before.

    Topics: 
    November 12, 2020
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    Mother and Father with their baby
    Bank-wide

    The year 2020 has brought extreme hardship for millions of people throughout the United States and the world. Millions are out of work while wealth concentrations have reached new highs. Our already unstable healthcare system is at the brink while the global pandemic is expanding. Regardless of the outcome of the 2020 election, it is clear that the fundamental pillars of our democracy are challenged.

    November 9, 2020
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    Women holding vote pins
    Bank-wide

    This August marks 100 years since the passage of the 19th Amendment, which guaranteed women the constitutional right to vote in the largest expansion of democracy in the history of the U.S. As we reflect on the significance of this anniversary, it’s necessary to analyze the intersectional dynamics of the suffrage movement and how these tensions continue to play a part in the fight for equitable access to voting today.

    August 26, 2020
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    Bank-wide

    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.

    July 30, 2020
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    Sun setting over a country side
    Bank-wide

    Despite a slew of negative economic reports and meeting the official definition of entering into a recession, the stock market is up more than 40% from its March lows. Probably the most common question we receive is why is this decoupling of the broader economy from the equity market  occurring?

    July 29, 2020