Mountain overlooking a forest and lake

Climate Change and Sustainability

Climate change is a real threat to our planet and must be addressed with bold solutions directed by those on the frontlines

Who we are

  • 100% carbon neutral in our operations
  • Pledged to not invest in fossil fuels and support 100% clean energy
  • First to endorse and one of three US banks to sign the UN Principles for Responsible Banking
  • Global leader of the Partnership for Carbon Accounting Financials, which measures the carbon footprint of bank loan and investment assets

Where we stand

  • We do not lend to fossil fuel companies
  • We have committed to $700M in impact lending, which includes the solar and sustainable food sectors
  • Committed to measuring and reporting Scope 3 emissions
  • Committed to aligning all of our business practices with the Paris Climate Accords
  • Composting and recycling at all offices and branches
  • Dedicated and active Green Team that is constantly striving to make the Bank’s actions more sustainable

What we do

  • Provide hundreds of millions of dollars annually in solar financing
  • Launched the Fossil Fuel Free investment product for consumer and commercial clients
  • Named Solutions Project as our 2019 Donate the Change partner to support their work in advocating for 100% Clean Energy

 

Why Amalgamated?

Block
$5 billion

in assets

100%

Committed to renewable energy

$1.5MM+

donatations to progressive causes and nonprofits

Putting our mission into action

Image
photo of person blowing confetti in their hands
Amalgamated Bank history

Does it really matter if a bank is socially responsible?  Who cares what the bank does with your money, just as long as it is there when you need it?  We care. At Amalgamated Bank, we believe banking – and the entire financial sector for that matter – must be responsible for its social and environmental impact. 

Image
photo of sunset over mountains and lake
B Corp

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.

Image
photo of United Nations
corporate and social responsibility

Today, we became the first bank in the United States to endorse the United Nation’s Principles for Responsible Banking. The Principles for Responsible Banking provide the framework for the sustainable banking system of the future.