Amalgamated Takes a Stance: Climate Justice
Dear colleagues and mission-aligned friends—?
Today we’d like to lift up our continued movement toward climate justice by celebrating some recent wins—not only for Amalgamated, but the entire nation.??
If you’ve been following the pulse of news lately, you might have heard some things about the Inflation Reduction Act. This is a major step forward for tackling the climate crisis and we're proud to stand with our clients in the clean energy sector as well as advocacy communities who have for decades worked for climate policy and tax fairness.
Our very own Chief Sustainability Officer, Ivan Frishberg, also recently participated as a key testifier for the SEC's Climate Disclosure Rule alongside other witnesses, including Moonyoung Ko (AFR), Steven Rothstein (Ceres), and Aarthi Ananthanarayanan (Ocean Conservancy). ?
Climate change affects every part of society and that’s why we’re playing a crucial role in trying to curb it. We’ve also recently made new capital available to fund climate initiatives benefiting underserved market segments and communities through a $15 million loan to Inclusive Prosperity Capital, Inc. (IPC).??
"This loan aligns the core principle of Amalgamated Bank’s intermediary community lending strategy (providing affordable and accessible banking services) with the bank’s climate goals,” said Priscilla (Yemi) Sims Brown, CEO of Amalgamated Bank.?
This investment adds to our community development strategy of additionally partnering with stakeholders like The Kresge Foundation for the technical expertise and credit enhancement needed to deliver impact capital for climate solutions.?
We will always stand for climate justice and environmental equity. Make sure you follow us on our other social media platforms:?