Amalgamated Bank

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.

 

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