For nearly a century, Amalgamated Bank has served as America’s socially responsible bank. Rooted firmly in the labor movement, we are a champion of working people and proudly support the forward-thinking organizations, companies and individuals across the country who are working to make the world more just, compassionate and sustainable. We are America’s largest certified B Corp bank and a member of the Global Alliance for Banking on Values. We don’t just have a mission. We are on a mission: to support those who support others, to invest in progressive and impactful causes and to advocate true financial opportunity for all.
Our majority area of impact is through our social and environmental products and services. As a green leader in the financial industry, we recognize that all people and businesses have a role to play in helping build a clean and just economy. We are proud of offer products and programs that align with our mission such as:
- We have pledged to double our portfolio to environmentally and socially responsible companies by the year 2020 from $350 million to $700 million.
- We offer personal products such as the Give Back Checking/Savings accounts, Donate the Change ATM card; Solar HELOC Loan, for example. Through Amalgamated Investment Services, we offer investment opportunities designed to help the bottom line and create lasting change, including Aria: 100% Fossil Free Portfolio — Contains no investments in coal companies, oil and gas producers or fossil-fired utilities
- We have strict policies about not lending money to any company that pollutes the planet
- Working with the GABV, we are the first US bank to commit to measure carbon outputs of our lending portfolio
- Together with D.C.’s Property Assessed Clean Energy Program, we helped finance the preservation of 84 units of affordable housing in the Phyllis Wheatley YWCA. The outcome will generate 60 kilowatts of solar power and decrease annual utility bills by $6,000.
- As shareholders, we successfully persuaded multiple companies to assess and report on becoming net-zero carbon in line with the Paris Climate Agreement, including CarMax, GameStop and Lowe’s.
- We received South Pole’s Climate Neutral label based on our commitment to reduce our impact on the environment through the purchase of high quality renewable energy and carbon credits.
• Brokerage Accounts: Accept stock gifts; can be liquidated or transferred easily
• Money Market Accounts: Competitive rates and fully liquid
• Certificates of Deposit: Competitive rates and personalized laddering services to manage liquidity
• Fully FDIC-insured products: One stop shopping with CD and Money Market-like accounts that maintain full FDIC insurance
• Comprehensive investment platform: Broad range of both index and actively managed funds spanning equity, fixed-income, real assets and alternative investment strategies
• Socially Responsible Investments: Access to investment solutions that make a difference
• Short-term Options: Maximize returns on temporarily restricted funds
• Long-term Investments: Access to passive and actively managed equity, fixed income and alternative investment products
What materials are used in the production of your mattresses? Please be as specific as possible, listing all components. You are welcome to include URLs, but note that we are looking for a fairly straightforward list or diagram here, not a discussion or narrative.
How long are your mattresses warrantied as comfortable for, given the instructed care? Note that our standard is for 20 years.
Please skip this question if you do not use latex in your products.
If you use latex in your manufacturing or sell products with latex, where is it from? E.g., what town and country are the rubber trees growing in?
Amalgamated Bank has been a financial institution with a purpose: affordable and accessible banking for all. We purposefully establish physical presence in underserved communities. Our customer base is diverse and we have tailored product to enable financial inclusion. An example of such product is our Restart Checking account which was launched in 2016.
“We take banking access very seriously, as we believe we have a moral obligation to help all of our customers, especially those who have historically been denied service,” said Keith Mestrich, President and CEO of Amalgamated Bank. “Programs like Restart Checking accounts can make a real difference in people’s lives by helping them gain access to capital and finally reach financial security. The Restart Checking program is just one way we are seeking to engage and support those individuals who for too long have been shunted aside by our society.”
We are also focused on providing financial services to minority and women owned businesses in the community
Environmental, social and governance (ESG) and sustainability values are a key component of our culture. We’re proud to offer investment opportunities designed to help your bottom line while helping to create lasting change.
Aria 100% Fossil Fuel Free Portfolio
Contains no investments in coal companies, oil or gas producers, or fossil-fired utilities
Tobacco Free Fund
Divests all funds from the tobacco manufacturers and the tobacco industry
Impact and ESG Investment solutions
Opportunities to match your values with your investment goals
For more details on our socially responsible investment practices visit https://www.amalgamatedbank.com/socially-responsible-investing
