Corporate and social responsibility

Radical imagination in banking and our economic system

Topics: 
banking industry corporate and social responsibility American economy

Officially one year into the COVID-19 pandemic and erratic state-by-state lockdowns, we continue to question what a “new normal” will look like for our country. We know that a return to old ways of doing business isn’t viable for the health of our planet and communities and that we have a responsibility to radically reimagine how we do business. 

Amalgamated Source

Amalgamated Bank Becomes First Major U.S. Bank to Endorse HR 40

Topics: 
racial justice corporate and social responsibility

Amalgamated Bank (NASDAQ: AMAL), America’s socially responsible bank, announced today its endorsement of H.R. 40, calling upon the Federal Government to form a commission to study the effects of slavery and explore appropriate remedies and reparations for African Americans.

Amalgamated Bank endorses HR 40

Topics: 
racial justice corporate and social responsibility

Today, Amalgamated Bank announced its endorsement of HR 40, which is calling upon the Federal Government to form a Commission to explore reparations for African Americans. As of now, we are the first major U.S. bank to endorse HR 40, but are hopeful we are not the last.

Amalgamated Source

Amalgamated Financial Becomes the First Publicly Traded Financial Services Company to Incorporate as a Public Benefit Corporation

Topics: 
corporate and social responsibility Amalgamated Bank history

Amalgamated Financial Corp. (“Amalgamated Financial” or the “Company”) (NASDAQ:AMAL) and Amalgamated Bank (the “Bank”) today announced the consummation of a holding company reorganization, effective March 1, 2021, pursuant to which the Company became the parent bank holding company of the Bank.

Amalgamated receives top score from Human Rights Campaign Corporate Equality Index

Topics: 
LGBTQ+ justice corporate and social responsibility Amalgamated Bank history

Amalgamated Bank was founded almost 100 years ago to create a diverse, inclusive, and egalitarian community for labor workers. These tenets of our founding are elevated again today as we proudly announce that the Human Rights Campaign Corporate Equality Index (HRC CEI) has designated Amalgamated Bank “One of the Best Places to Work” in 2021.

Placing values upfront during uncertainty

Topics: 
corporate and social responsibility

The year 2020 has brought extreme hardship for millions of people throughout the United States and the world. Millions are out of work while wealth concentrations have reached new highs. Our already unstable healthcare system is at the brink while the global pandemic is expanding. Regardless of the outcome of the 2020 election, it is clear that the fundamental pillars of our democracy are challenged.

Amalgamated Source

Amalgamated Bank Becomes First Public U.S. Company To Add Environmental and Societal Commitments To Corporate Organization Certificate

Topics: 
environmental sustainability corporate and social responsibility

As part of its continued commitment to social responsibility and sustainability, Amalgamated Bank (Nasdaq: AMAL) today announced it will become the first U.S.-based publicly traded company and the first publicly traded bank across the globe to amend its Organization Certificate to formally recognize the value of business objectives that realize standards of sustainability and public good.

Morgan Stanley's big step for values based banking

Topics: 
values-based banking corporate and social responsibility banking industry

Morgan Stanley’s announcement that they are joining the Partnership For Carbon Accounting (PCAF) is evidence of the gradual shift in the banking sector towards meaningful climate action. It is also a big victory for values based banking and for all those clients and customers who have decided to put their money where their values are.

Amalgamated Bank supports universal employer-sponsored contraception

Topics: 
corporate and social responsibility health insurance

Amalgamated Bank was disappointed to hear of the Supreme Court’s decision to affirm a Trump Administration order that would allow employers to limit access to contraception under the Affordable Care Act. We joined an amicus brief before the ruling in support of universal access to contraception and condemn this ruling, which will affect an estimated 126,000 women.

Black Lives Matter

Topics: 
corporate and social responsibility social justice

Amalgamated Bank believes that Black Lives Matter and that the horrendous death of George Floyd is just the latest example of the explicit racism embedded within our country’s entire criminal justice system. We believe the oppression of Black people must end now.