Climate change

Amalgamated Source

Amalgamated Bank, a subsidiary of Amalgamated Financial Corp. (NASDAQ: AMAL) and a mission-driven, full-service commercial bank that empowers organizations and individuals to advance positive social and environmental change, announced today a $15 million loan to Inclusive Prosperity Capital, Inc. (IPC), a clean energy finance 501(c)3 platform, making new capital available to fund climate initiatives benefiting underserved market segments and communities.

Amalgamated Source
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In response to today’s Supreme Court Ruling on West Virginia vs. EPA, Amalgamated Bank has issued the following statement:

Amalgamated Source
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Amalgamated Bank, a subsidiary of Amalgamated Financial Corp. (NASDAQ: AMAL) and a mission-driven, full-service commercial bank that empowers organizations and individuals to advance positive social change), today submitted comments from Ivan Frishberg, Chief Sustainability Officer, on the Security and Exchange Commission vote to approve a proposal for climate-related risk disclosures. 

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"New York City’s Amalgamated Bank, for instance, having committed to cutting its ties with the oil industry in 2016, is now among the nation’s few “fossil-free” banks."

Amalgamated Source

Amalgamated Bank, a subsidiary of Amalgamated Financial Corp. (NASDAQ: AMAL) and a mission-driven, full-service commercial bank that empowers organizations and individuals to advance positive social change), released data today on its climate-related lending with 31% of loans in 2021 going to climate solutions.

Amalgamated Source
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Amalgamated Bank, a subsidiary of Amalgamated Financial Corp. (NASDAQ: AMAL) and a mission-driven, full-service commercial bank that empowers organizations and individuals to advance positive social change, today released a statement from Ivan Frishberg, Chief Sustainability Officer, on the United Nations Intergovernmental Panel on Climate Change report on rising greenhouse gas emissions and climate change.

Amalgamated Source

Amalgamated Bank, a subsidiary of Amalgamated Financial Corp. (NASDAQ: AMAL) and a mission-driven, full-service commercial bank that empowers organizations and individuals to advance positive social change, today released a statement from Ivan Frishberg, Chief Sustainability Officer, on the Security and Exchange Commission vote to approve a proposal for climate-related risk disclosures.

Amalgamated Source

Amalgamated Bank, a subsidiary of Amalgamated Financial Corp. (NASDAQ: AMAL) and a mission-driven, full-service commercial bank that empowers organizations and individuals to advance positive social change, today announced approval by Science Based Targets initiative (SBTi) of its net zero targets. 

Amalgamated Bank has long been an advocate for fossil fuel divestment, having pledged not to invest or lend to fossil fuel companies more than 5 years ago. The Fossil Fuel Free Portfolios managed by Amalgamated Investment Services contain mutual funds and ETFs that have been rigorously screened and attained perfect scores for fossil fuel divestment per environmental watchdog As You Sow.

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Today, we are taking a huge step forward in this work by setting formal targets that strive to achieve net zero emissions in both our financing and operations. Our Net Zero Climate Targets Report outlines our plan for how we expect to build and align with a climate safe future.