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.
DitchCarbon Score
How does Amalgamated Financial'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 Financial's score of 24 is higher than 58% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Amalgamated Financial's reported carbon emissions
In 2022, Amalgamated Financial reported total carbon emissions of approximately 5,833,000 kg CO2e, with emissions distributed across various scopes. Specifically, Scope 1 emissions were about 4,000 kg CO2e, Scope 2 emissions totalled 2,000 kg CO2e, and Scope 3 emissions accounted for approximately 5,833,000 kg CO2e. Over the years, the company has shown a trend in its emissions data. For instance, in 2021, total emissions were about 4,705,000 kg CO2e, indicating a slight increase in 2022. The Scope 3 emissions, which include purchased goods and services, have consistently represented the largest portion of their carbon footprint, peaking at approximately 38,786,000 kg CO2e in 2022. Despite these figures, Amalgamated Financial has not publicly disclosed specific reduction targets or initiatives aimed at decreasing their carbon emissions. The absence of documented reduction strategies suggests a need for enhanced climate commitments within the organisation. Overall, while Amalgamated Financial has made strides in tracking its emissions, the lack of clear reduction targets highlights an opportunity for the company to strengthen its climate action framework.
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Add to project| 2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|
| Scope 1 | - | 00,000 | 00,000 | - | 0,000 |
| Scope 2 | 2,000 | 0,000 | 0,000 | 0,000 | 0,000 |
| Scope 3 | 9,093,000 | 0,000,000 | 0,000,000 | 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 Financial is not committed to any 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.
