Amalgamated Financial
Amalgamated Financial, often referred to as Amalgamated Bank, is a prominent financial institution headquartered in the United States, with significant operations across major urban centres. Founded in 1923, the bank has established itself within the banking and financial services industry, focusing on socially responsible banking solutions.
Amalgamated Financial offers a range of core products and services, including commercial banking, personal banking, and investment services, distinguished by its commitment to ethical practices and community engagement. The bank's unique approach to finance, prioritising sustainability and social impact, has positioned it as a leader in the sector.
With a strong market presence, Amalgamated Financial has achieved notable milestones, including recognition for its dedication to progressive banking. Its innovative solutions and customer-centric philosophy continue to set it apart in a competitive landscape.
+23 vs industry average
Amalgamated Financial’s score of 58 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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Industry Intensity
Financial Intermediation is among the least carbon-intensive industries
Industry performance
The Financial Intermediation industry has increased its overall emissions by 11% since 2019
Emissions trajectory 2020 – 2027
Reported emissions
Scope 3 accounts for ••• of total emissions.
Amalgamated Financial's reported carbon emissions
In 2024, Amalgamated Financial reported total carbon emissions of approximately 6,000,000 kg CO2e, comprising 81,000 kg CO2e from Scope 1, 801,000 kg CO2e from Scope 2, and 5,866,000 kg CO2e from Scope 3 emissions. This data reflects a commitment to transparency in their environmental impact, with emissions disclosed across all three scopes. The organisation has set ambitious climate targets, aiming for a 49% reduction in total direct and indirect emissions (Scope 1, Scope 2, and Scope 3) by 2030, using a 2020 baseline. Specifically, they plan to achieve absolute zero emissions in their direct operations, targeting zero emissions for both Scope 1 and Scope 2 by the same year. Amalgamated Financial's emissions data is not cascaded from any parent organisation, ensuring that their reported figures are independently sourced. The company is actively working towards its climate commitments, demonstrating a proactive approach to sustainability in the financial sector.
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Amalgamated Financial’s Climate Goals (2030 & 2050)
1 goal2030
49% reduction in all scopes
Achieve an overall 49% reduction of our total direct and indirect emissions (Scope 1, Scope 2, and Scope 3) by 2030, against a 2020 baseline…
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
See all 1 climate goals
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Scope 3 top emissions categories
8 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives

Science Based Targets Initiative

Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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Common questions about Amalgamated Financial’s sustainability data and climate commitments
Data year: 2024
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