Corporate and social responsibility
This month we turned 97 years old so we’ve seen our share of up and down times. We’ve navigated through depressions, recessions, world wars, bubbles, artificial highs and some very real lows. But we have never before seen anything like the present. The COVID-19 virus is having a far-reaching effect, not just on our business, but on our families, our communities and our nation’s financial future.
This unprecedented moment is calling those in leadership to act in bold and innovative ways. The COVID-19 virus has impacted the entire global economy putting at risk the livelihood of tens of millions of Americans. Those who were already vulnerable in our economy are pushed even further to the brink.
Yesterday, the world’s largest investment firm, BlackRock, took a big step in confronting the threat of climate change and announced that they would now be making investment decisions with environmental sustainability as a core goal in meeting their fiduciary obligation to clients.
Amalgamated Bank works hard every day to support the most powerful change makers in America. We have the honor of standing with thousands of leaders of social change – nonprofits, foundations, labor unions, and more - as they take on complex, deeply rooted issues affecting hundreds of millions of lives.
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.