Amalgamated Financial

Amalgamated Financial, a US-based financial intermediation services company, reported total absolute emissions of approximately 6.75 million kg CO2e in 2024. This figure includes:

• Scope 1 emissions: 81,000 kg CO2e
• Scope 2 emissions: 801,000 kg CO2e (location-based)
• Scope 3 emissions: 5.866 million kg CO2e, including significant contributions from purchased goods and services (4.92 million kg CO2e) and business travel (282,000 kg CO2e).

In 2023, the company's total emissions were approximately 6.29 million kg CO2e, comprising 72,000 kg CO2e from Scope 1, 675,000 kg CO2e from Scope 2 (location-based), and 5.54 million kg CO2e from Scope 3.

Looking further back, in 2022, Amalgamated Financial's total emissions stood at approximately 8.39 million kg CO2e. This included 86,900 kg CO2e from Scope 1, 590,800 kg CO2e from Scope 2 (location-based), and 7.74 million kg CO2e from Scope 3.

Amalgamated Financial has committed to an overall 49% reduction of its total direct and indirect emissions (Scope 1, Scope 2, and Scope 3) by 2030, against a 2020 baseline. The company also aims to achieve absolute zero emissions in its direct operations (Scope 1 and Scope 2) by 2030. These commitments are detailed in their 2024 Corporate Social Responsibility Report.