Welcome to the Amalgamated blog, a space for leaders and contributors from inside and outside Amalgamated Bank to share thoughts, opinions, and musings about topics relevant to our bank's mission and customers, the financial industry at large, and national and international affairs. Check back frequently as new blogs are posted on a regular basis.
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Bank-wideUnited Help Ukraine’s members have always drawn strength from their connections to their home country that today feel threatened by war. The group was founded by Ukrainian immigrants at protests outside the White House against Russian President Vladimir Putin’s annexation of Crimea in 2014.
Topics:September 6, 2022 - Image
Bank-wideThe article below was originally published by ImpactAlpha and co-authored by Amalgamated Bank's Brenda Loya, National Director of Community Development Finance, and Annie Donovan from the Raza Development Fund.
Topics:August 18, 2022 - Image
Bank-wideThis May, I was lucky enough to marry my wonderful partner—for the second time.
The first time we were married, it was a swelteringly hot July morning in Brooklyn in 2020. We wore what was in our closet, said a few words, paraded in Prospect Park with a few close friends, and signed a piece of paper with witnesses that declared us legally married in the eyes of the law the minute it was accepted by the city clerk.
Topics:June 1, 2022 - Image
Bank-wideAmalgamated Bank supports legislation to raise New York’s minimum wage annually to keep up with the rising cost of living and increased worker productivity. Increasing the minimum wage is an essential economic tool to build a thriving and resilient economy because fair wages address the economic inequality faced by many working people.
Topics:April 28, 2022 - Image
Bank-wideAs a global business based in the United States with operations in three east African countries, RENEW was uniquely positioned to see the full scale of the crisis and show the world how socially responsible businesses can lead in the post-pandemic world.
March 31, 2022 - Image
Bank-wideThis year on Equal Pay Day, women are facing the dual burden of gender-based pay discrimination and increasing inflation. On average, American women not only had to work until today to make as much money as men after earning 82 cents on the dollar last year1, but their earnings also did not go as far due to rising inflation. After the “she-cession”, a term coined to describe unequal impact of the pandemic-related business restrictions that fell heaviest on industries that employ women at higher rates than men, women now struggle against “she-flation.”
Topics:March 15, 2022 - Image
Bank-wideWe are proud to be working alongside the WNBPA and its players/activists as social responsibility partner on issues as greatly important as racial justice. WNBA champion with the Washington Mystics and member of the Board of Player Representatives, Natasha Cloud has been a champion for this issue, so we are honored to join our platform with hers to make a bigger impact on the fight for racial justice and equality.
Topics:November 8, 2021 - Image
Bank-wideAmalgamated Bank has long been an advocate for fossil fuel divestment, having pledged not to invest or lend to fossil fuel companies more than 5 years ago. The Fossil Fuel Free Portfolios managed by Amalgamated Investment Services contain mutual funds and ETFs that have been rigorously screened and attained perfect scores for fossil fuel divestment per environmental watchdog As You Sow.
October 28, 2021 - Image
Bank-wideToday, we are taking a huge step forward in this work by setting formal targets that strive to achieve net zero emissions in both our financing and operations. Our Net Zero Climate Targets Report outlines our plan for how we expect to build and align with a climate safe future.
Topics:October 25, 2021 - Image
Bank-wideToday, we’d like to share the story of one of our clients that is addressing our broken criminal justice system and truly enriching the community they serve. Social Imprints is a mission-driven business that provides second-chance opportunities for most of its staff. The company is a promotion products vendor for many of the nation’s leading tech companies, based in San Francisco, California.
October 19, 2021 - Image
Bank-wideFor nearly 100 years, Amalgamated Bank has fought for a more just and sustainable world. As a bank founded by a union of immigrants, Amalgamated has long considered itself the bank for the people, advocating for workers and immigrant rights while offering unique financial services and banking solutions catered to the needs of marginalized groups.
October 18, 2021 - Image
Bank-wideFor years, Amalgamated Bank has been a passionate advocate for social, racial, environmental, and economic justice. We’ve used our platform repeatedly to speak out about issues of injustice specific to different marginalized communities and advocate for a better world.
Topics:October 11, 2021