Corporate and social responsibility

Before joining Amalgamated Bank, I spent the bulk of my career working at advertising agencies helping to define and shape the perception of some of the world’s top brands.

The U.S. federal government has announced its intention to pull the United States out of the Paris Climate Agreement. Bad idea, sure, but maybe not the monumental setback in the fight against climate change that is feared by so many.

I recently attended a women’s networking event where I joined some of New York’s top female leaders in business and politics to discuss professional challenges that women still face in male-dominated industries, and how we, as women, are working to overcome the gender inequality that remains in benefits, wages, and leadership.

Sustainability and a commitment to protecting the environment are important to Amalgamated Bank and the communities we serve. So, it was natural for us to testify last month before the Council of the District of Columbia to support the Green Finance Authority Establishment Act, which would bolster financial support for sustainability programs in Washington D.C.

This afternoon I sent the following message to the Amalgamated Bank community: The events of this past weekend in Charlottesville have at the same time saddened and angered us. They have forced many Americans to once again reflect on the issues that continue to divide us as a nation.

Heavy rainfall from Tropical Storm Harvey has encumbered the fourth-largest city in the US, and new concerns are mounting from ongoing rain and flood damage.

As America’s socially responsible bank, Amalgamated seeks to empower organizations and individuals to advance positive social change. As such, we are taking an opportunity to highlight an important issue, one we believe to be tied in with everything from social to climate justice – nuclear and military weapons of mass destruction.

It seems every day there’s another big corporation in the news for flagrantly violating the public’s trust—whether it’s failing to protect consumers’ health, safety or privacy, putting bogus transactions or accounts on the books, or neglecting environmental hazards in favor of the heedless pursuit of profits and shareholder returns.

It’s #BankingOnValues Day, a time when ethical citizens and leading change-makers around the world come together to celebrate the social, economic, and environmental good that responsible finance can generate.