Amalgamated Bank
Amalgamated Bank, a prominent financial institution headquartered in the United States, has been serving clients since its founding in 1923. With a strong presence in major operational regions across the country, the bank is renowned for its commitment to social responsibility and progressive banking practices. Specialising in commercial banking, Amalgamated Bank offers a range of core products and services, including personal and business banking, loans, and investment solutions. What sets them apart is their dedication to ethical finance, focusing on sustainable and community-oriented initiatives. Over the years, Amalgamated Bank has achieved notable milestones, positioning itself as a leader in the industry. Its emphasis on transparency and customer service has garnered a loyal client base, making it a trusted choice for those seeking a socially conscious banking partner.
DitchCarbon Score
How does Amalgamated Bank's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Amalgamated Bank's score of 27 is higher than 73% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Amalgamated Bank's reported carbon emissions
In 2019, Amalgamated Bank reported total carbon emissions of approximately 1,259,300 kg CO2e. This figure includes Scope 1 emissions of about 4,600 kg CO2e, Scope 2 emissions of approximately 52,200 kg CO2e, and significant Scope 3 emissions totalling around 1,207,000 kg CO2e. Within the Scope 3 category, business travel accounted for about 522,400 kg CO2e, while employee commuting contributed approximately 246,800 kg CO2e. As of 2023, specific emissions data has not been disclosed, and there are no stated reduction targets or initiatives from the bank. However, the bank's commitment to addressing climate change is evident through its reporting practices and transparency regarding emissions. Amalgamated Bank continues to engage in climate-related discussions and initiatives within the financial sector, although specific reduction strategies or targets have not been outlined.
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| 2019 | |
|---|---|
| Scope 1 | 4,600 |
| Scope 2 | 52,200 |
| Scope 3 | 1,207,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Amalgamated Bank is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
