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 20 is higher than 85% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Amalgamated Bank's reported carbon emissions
In 2023, Amalgamated Bank reported total carbon emissions of approximately 5,541,000 kg CO2e. This figure includes 72,000 kg CO2e from Scope 1 emissions, 3,000 kg CO2e from Scope 2 emissions, and about 5,541,000 kg CO2e from Scope 3 emissions. The bank's emissions have fluctuated over the years, with a notable decrease from 61,531,000 kg CO2e in 2019 to 898,900 kg CO2e in 2020, followed by a gradual increase in subsequent years. Amalgamated Bank has set near-term targets aligned with the Science Based Targets initiative (SBTi) to limit global warming to 1.5°C. These targets cover 56% of the bank's total investment and lending activities as of 2020, focusing on reducing greenhouse gas emissions from its operations (Scopes 1 and 2). The bank aims to achieve these targets by 2030, although it has not committed to a net-zero target as of now. Overall, Amalgamated Bank is actively working towards reducing its carbon footprint and aligning its operations with climate science, demonstrating a commitment to sustainability within the financial sector.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
Add to project| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 40,776,000 | 00,000 | 00,000 | 00,000 | 00,000 |
| Scope 2 | 20,755,000 | 00,000 | 00,000 | 00,000 | 0,000 |
| Scope 3 | 53,005,000 | 000,000 | 000,000 | 0,000,000 | 0,000,000 |
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 committed to some reduction initiatives 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.
