Amalgamated Bank first committed to manage its loans and investments in alignment with the Paris Climate Agreement in 2018. We did so in a firm belief that we have a responsibility to be driving solutions for climate change within the banking industry and an obligation to take action that would protect the Bank and our clients from climate-related financial risk while also generating appropriate risk-adjusted returns consistent with our commitment to delivering positive shareholder value.

Read Report

From 2020 to 2023, Amalgamated Bank’s: 

  • We are on track or exceeded our absolute emissions targets in 3 out of 4 asset classes.
  • At the same time, Climate solutions lending grew 240% to $2.2Bn, reaching 190% of our target for 2023.
  • The share of our climate solutions assets grew from 23.1% to 39.6 of our total lending and PACE securities portfolio.

Central to our progress on these climate targets has been our significant focus on climate solutions as a growing asset class that has been both good business and good for the world. 

This is what it means to #BankonImpact.