Image
Amalgamated Bank logo on glass

Blog

An open letter responding to sector-wide call for climate action

On July 5th, 2021, the ShareAction campaign, a cohort of investors with $4.2 trillion in assets under management, wrote a letter to the banking sector calling for greater ambition and planning to align financing activities with the 1.5°C goal of the Paris Climate Agreement.

We agree with this urgent call to action.

As America’s socially responsible bank, Amalgamated has consistently led the finance sector with climate action initiatives and has used its position as a mission-driven Public Benefit Corporation to push for greater action in confronting the climate crisis.

We are eager to take this opportunity to outline our approach for tackling this crucial issue and shed more light on how we are aligning our activities with the goals of the Paris Climate Agreement, encouraging others to increase their efforts.

Please read Ivan Frishberg’s letter, Director of Impact Policy at Amalgamated Bank, to ShareAction, outlining the details of Amalgamated’s work which demonstrates the leadership and action commensurate with the scale of the climate risk before us.