Amalgamated Bank first committed to manage its loans and investments in alignment with the Paris Climate Agreement in 2018. We did so in a firm belief that we have a responsibility to be driving solutions for climate change within the banking industry and an obligation to take action that would protect the Bank and our clients from climate-related financial risk while also generating appropriate risk-adjusted returns consistent with our commitment to delivering positive shareholder value.

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From 2020 to 2023, Amalgamated Bank’s: 

  • Climate solutions lending grew 240%, reaching 190% of our target for 2023
  • Total climate solution funding grew from ~$900,000 to nearly $2.2 billion
  • Share of climate solutions assets grew from 23.1% to 39.6%

Central to our progress on these climate targets has been our significant focus on climate solutions as a growing asset class that has been both good business and good for the world. 

This is what it means to #BankonImpact.