Impact investing

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Amalgamated Bank is pleased to announce the launch of ResponsiFunds,1 a suite of environmental, social, and governance (ESG) investment products designed to align investment and growth goals with organizational values and a vision of a better future.

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Demand for ESG investment strategies and products continues to see rapid growth. As we expand our ESG offerings, we are growing the team to lead this important work. We believe that sound Environmental, Social, and Governance (ESG) competencies will no longer be a trademark of industry distinction but a required commitment to better business practices. 

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The divestment movement finds itself fighting on a new, unexpected front. Fossil fuel interest groups (big oil and gas) have been regrouping their lobbying efforts after losing their key allies in the White House. Disappointed by the recent changes made by the federal administration to prioritize climate and environmental protection above get-rich-quick schemes for these businesses, they are now refocusing their efforts at the state level. Texas is enthusiastically taking up the gauntlet and leading the charge.

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Against the rosy backdrop of recent market gains lies the cold reality that with the reopening of the economy comes an end to the brief respite from polluting cars and factories. The long-term effects of this pollution are more visible than ever before.

The Department of Labor has issued a proposed rule that would make it even harder for pension funds to invest in ESG products. They are calling for a higher administrative burden that would effectively warrant ESG as an unlikely investment options. At Amalgamated Bank, we think this is wrong and oppose the DOL proposed rule.

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.

“Impact” seems to find itself at the head of many investment product titles. Financial institutions are quickly learning that their customers increasingly care more about the impact investments have on the environment and broader society.

Amalgamated Source

Amalgamated Bank (Nasdaq: AMAL) announced today that Ivan Frishberg has been appointed as the Director of Impact Policy for the bank, effective immediately.

Amalgamated Source

Amalgamated Bank, America’s socially responsible bank, today announced the launch of their 100% Fossil Fuel Free Portfolio.

Amalgamated Source

New website highlights need and educates institutional investors about the benefits and opportunities of investing funds with diverse asset managers