Social justice

Today, 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.

For 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.

Protection of fair and free elections is a cornerstone of our democracy. The fight for freedom and rights, or any changes to our institutions, our legislation, and policies all starts with voting. In a true democracy, every vote counts.

Amalgamated Source

OneTeam Partners announced today that the Women’s National Basketball Players Association (“WNBPA”) and Amalgamated Bank, member of the Amalgamated Financial Corp. (Nasdaq: AMAL), America’s socially responsible bank, have launched a first-of-its-kind collaboration to make Amalgamated Bank the Official Social Responsibility Partner of the WNBPA.

Today, I am proud to share that Amalgamated Bank has been named the official social responsibility partner of the Women’s National Basketball Players Association (WNBPA), a first-of-its-kind partnership to promote social justice reform. 

Happy Asian American and Pacific Islander (AAPI) Heritage Month! AAPI are people having origins from East Asia, Southeast Asia, South Asia and peoples of Oceania. The month of May is dedicated to celebrating all the contributions and impact the AAPI community has had on American culture since the arrival of the first Japanese immigrants in the U.S. in 1843, as well as the Chinese migrant workers that partook in the construction of the transcontinental railway. 

Amalgamated Bank affirms the decision to hold George Floyd’s murderer accountable for his actions. However, innocent Black people continue to die every day at the hands of the police. This violence must end now, and although Derek Chauvin will be punished, that is not enough to fix the systemic racism deeply ingrained in the criminal justice system and our larger society.

The Department of Labor has issued a proposed rule that would make it even harder for pension funds to invest in ESG products. They are calling for a higher administrative burden that would effectively warrant ESG as an unlikely investment options. At Amalgamated Bank, we think this is wrong and oppose the DOL proposed rule.

Last week, Amalgamated Bank issued a public statement on our support for Black Lives Matter and promised that tangible actions would be forthcoming. I am sharing with you where we are now, just a little over a week later, and where I believe we can head in the future.

Amalgamated Bank believes that Black Lives Matter and that the horrendous death of George Floyd is just the latest example of the explicit racism embedded within our country’s entire criminal justice system. We believe the oppression of Black people must end now.