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Amalgamated Bank, a prominent player in the financial intermediation services sector, is headquartered in the United States. Founded in 1923, the bank has established itself as a leader in providing a range of financial services, including commercial banking, personal banking, and investment solutions. With a strong commitment to social responsibility, Amalgamated Bank focuses on serving individuals and businesses that prioritise sustainability and ethical practices.
Operating primarily in major urban regions across the US, Amalgamated Bank distinguishes itself through its unique offerings, such as socially responsible investment options and community-focused lending. The bank's dedication to progressive values has garnered recognition, positioning it as a trusted partner for clients seeking both financial growth and positive societal impact. With a rich history and a forward-thinking approach, Amalgamated Bank continues to make significant strides in the financial industry.
53
DitchCarbon score
+16 vs industry average
Amalgamated Bank’s score of 53 is higher than 67% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Very Low
Financial Intermediation is among the least carbon-intensive industries
Industry performance
0.096
20182025
The Financial Intermediation industry has reduced its overall emissions by 33% since 2018
Emissions trajectory 2020 – 2026
2020202120222023202420252026
Reported emissions
Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e
Scope 3 accounts for ••• of total emissions.
Amalgamated Bank's reported carbon emissions
Amalgamated Bank's Carbon Emissions & Climate Commitments
In 2023, Amalgamated Bank reported total carbon emissions of approximately 49.5 million kg CO2e. This included around 72,000 kg CO2e from Scope 1 emissions, approximately 25.1 million kg CO2e from Scope 2 emissions (market-based), and roughly 24.3 million kg CO2e from Scope 3 emissions.
Amalgamated Bank, a US-based financial intermediation services company, is committed to achieving absolute zero emissions in its direct operations (Scope 1 and Scope 2) by 2030. This near-term net-zero target, set for 2023 to 2030, aims for a 100% reduction in these scopes.
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Amalgamated Bank’s Climate Goals (2030 & 2050)
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
On track94%
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
At risk48%
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
Behind target22%
Showing SBTi-validated targets only. Sign up or sign in to see all disclosed climate targets.
Scope 3 top emissions categories
8 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives
Science Based Targets Initiative
See details
Not active
Carbon Disclosure Project
Inherited from Amalgamated Financial Corp.Sign in to view
Active
The Climate Pledge
See details
Not active
UN Global Compact Climate Champions initiative
See details
Not active
RE 100
Inherited from Amalgamated Financial Corp.See details
Not active
Climate Action 100
See details
Not active
Emissions comparison with industry peers
View similar organisationsCompanyCountryIndustryLast updatedScoreDetails
Amalgamated Bank7 days ago
53
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Frequently asked questions
Common questions about Amalgamated Bank’s sustainability data and climate commitments
Amalgamated Bank, a US-based financial services company, reported a total carbon footprint of approximately 24.4 million kg CO2e in 2023. The vast majority of these emissions, roughly 24.3 million kg CO2e, originated from Scope 3 activities. Scope 1 emissions were about 72,000 kg CO2e, and market-based Scope 2 emissions were around 3,000 kg CO2e. This comprehensive disclosure across all three scopes highlights the bank's commitment to transparency in its environmental impact reporting.
Data year: 2023
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