Our Long History of Responsible Corporate Citizenship


Since 1923, Amalgamated Bank has been empowering companies, organizations, and individuals striving to make our world more just, compassionate, and sustainable. More than a trend or corporate buzzword, social responsibility is embedded in our history, policies, products, programs, operations, and culture.

We formed our Corporate Social Responsibility (CSR) Committee in October 2019 to support our ongoing commitment to corporate governance, sustainability, and other public policy matters relevant to our community. Here on this page, you can view some of the results of the CSR Committee’s efforts.

How We Are Socially Responsible


At Amalgamated, we always align financial strategies with our goals for equitable progress. We accomplish this by directing capital toward solutions that benefit our communities and the planet. 

We pursue industry-leading climate targets and track our impact transparently, all to demonstrate that responsible banking can drive real change — while generating risk-adjusted value for our stakeholders.
 

How We're Socially-Responsible

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Committee Charter

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Current B Corporation Score Card

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Corporate Governance

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Pay Equity Report

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CSR Reports

Read our CSR Report to learn more about how Amalgamated is fulfilling its mission to be America’s socially responsible bank. Our annual CSR report is designed to showcase our environmental, social, and governance efforts to customers, employees, and shareholders.

2024

Climate Impact Progress Report

Amalgamated Bank first committed to aligning its business practices with the Paris Climate Agreement in 2018. We do this because we believe we have a responsibility to drive solutions for climate change within the banking industry. We also feel an obligation to protect the bank and our clients from climate-related financial risk while generating appropriate risk-adjusted returns for shareholders. Read our Climate Impact Progress Report.

Accelerating Our Climate Solutions Lending


As part of our broader impact strategy, we are accelerating sustainable lending to help finance practical climate solutions and support the transition to a low-carbon economy. We are particularly proud to have achieved 240% growth in climate solutions lending between 2020 and 2023. This rapid expansion helped us reach 190% of our initial target and increase our total climate solution funding from approximately $900 million to nearly $2.2 billion.

Today, climate solutions account for nearly 40% of our total lending and PACE securities portfolio, demonstrating our deep commitment to financing the transition to a low-carbon economy.

Exceeding Our Absolute Emissions Targets


As shown in our Climate Impact Report, we have reduced absolute emissions across our Multi-Family, Commercial Real Estate, and Business Loan portfolios. As we finance more renewable energy projects and prioritize community-focused direct lending, we expect to keep exceeding our absolute emission targets.

Reducing Physical Carbon Intensity


Our efforts to support sustainable real estate and building electrification are yielding measurable results. Using consistent baseline data, our latest analysis confirms that the physical carbon intensity (the amount of carbon generated per square meter) has decreased across all of our real estate asset classes. From residential mortgages to commercial properties, the carbon footprint of our financed properties is shrinking as we continue to support policies and incentives for green retrofits and grid decarbonization.