Amalgamated Bank

To be the financial institution for progressive people and organizations: those who are working and living to make the world more just, more compassionate, and more sustainable.

After our acquisition of New Resource Bank in 2018, we announced our commitment to double the amount of assets New Resource has dedicated to financing socially responsible businesses over the next two years, moving from its current commitment of $350 million to at least $700 million by 2020. This commitment, “2X Impact”, will focus on doubling the bank’s impact in four core impact areas: Environmental Protection, Health & Wellness, Education & Community Empowerment, and Sustainable Commerce. We committed to measure our financed emissions and ultimately to align them with the goals of the Paris Climate Agreement. To do this we are leading a group of North American lending institutions that will develop an open and transparent accounting system for measuring the climate impact of our lending. Our goal is to have a system in place by the end of 2019 that we and all banks can use to measure our impact. Once we have begun measuring, then we can begin managing and meeting our goals.
$4 billion in assets
$40 billion in custody and investment assets under management
96 years of making a difference