"Climate finance requires a global movement, which is why Amalgamated Bank has taken significant action by leading global economic initiatives and investments in sustainability,” said Priscilla Sims Brown, President and CEO of Amalgamated Bank. The Bank will also host a virtual panel discussion on Novemto further elaborate on the goals and plans described in the report. Published on the eve of the global climate summit in Glasgow, Amalgamated Bank’s targets are summarized in a new report that details the core strategies and assumptions behind the targets, including client engagement, new streams of finance and expectations for public policy.
(NASDAQ: AMAL) a mission-driven full-service commercial bank that empowers organizations and individuals to advance positive social change, today announced formal targets to achieve 49% reductions in 2030 and net zero greenhouse gas emissions in its financing and operations by 2045-five years ahead of the 2050 global deadline for net zero emissions, as stated by the UN Intergovernmental Panel on Climate Change.Īmalgamated Bank is the first US bank to set full portfolio targets under the guidelines of the UN Net Zero Banking Alliance and is taking a rigorous approach to climate science aligned target setting. (NEW YORK, NY WASHINGTON, DC) Octo– Amalgamated Bank, a subsidiary of Amalgamated Financial Corp. Mortgages & Home Equity Lines of Credit.
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