Awards for Excellence 2019
For commitment to serving communities, Amalgamated Bank is a benchmark in the region. It is North America’s best bank for corporate responsibility.
After being the first bank to raise its minimum wage to $15 in the US in 2015, this year the bank raised it to $20. It also became the first US bank to endorse the UN’s principles for responsible banking and is a member of the Global Alliance for Banking on Values.
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| Ivan Frishberg |
A leader in the transition to a low carbon future, Amalgamated Bank does not finance fossil fuel projects, uses 100% renewable energy and is carbon neutral. Last year it went one step further, measuring the climate impact of its $3.2 billion loan portfolio – and encouraging other US banks to join it.
“We’re a values-based bank and clear about that,” says Ivan Frishberg, director of impact policy. “It’s no good for our industry to highlight financing that’s already taking place – we need to start shifting the economy through more deliberate measures.”