Amalgamated Financial

Amalgamated Financial, headquartered in the US and operating within financial intermediation services, except insurance and pension funding services, has reported a total of approximately 6.47 million kg CO2e for Scope 1, 2, and 3 emissions in 2024. This figure is derived from Scope 1 emissions of about 81,000 kg CO2e, Scope 2 emissions of approximately 801,000 kg CO2e (location-based), and Scope 3 emissions totalling about 5.59 million kg CO2e.

For 2023, the company's total emissions were approximately 6.29 million kg CO2e, comprising about 72,000 kg CO2e for Scope 1, approximately 678,000 kg CO2e for Scope 2 (market-based and location-based combined), and roughly 5.54 million kg CO2e for Scope 3.

Amalgamated Financial has set ambitious climate commitments, aiming for an overall reduction of 49% in its total direct and indirect emissions (Scope 1, 2, and 3) by 2030, using 2020 as a baseline. Furthermore, the organisation targets absolute zero emissions in its direct operations, meaning Scope 1 and Scope 2 emissions, by 2030.

Scope 3 emissions in 2024 were significantly driven by purchased goods and services, contributing approximately 4.92 million kg CO2e. Other notable contributors to Scope 3 emissions in 2024 included fuel and energy-related activities (about 251,200 kg CO2e) and business travel (approximately 282,000 kg CO2e). In 2023, purchased goods and services also represented the largest portion of Scope 3 emissions, at about 4.88 million kg CO2e.