Amalgamated Bank

Does the core business genuinely avoid or reduce emissions, or build climate resilience? Share of revenue that is actually 'green'. Fossil-dependent models score low.

Over $2.2B (39.6% of lending portfolio) directed to climate solutions with a fifth consecutive year of growth, a hard fossil-fuel exclusion since 2016, and an industry-leading self-reported financed emissions intensity of 14.7 tCO2e per $M invested — though the intensity figure relies on the bank's own PCAF-methodology accounting rather than an independent audit of the entire book.

Credible, science-based targets (SBTi), a real net-zero plan with progress to date, and CDP disclosure — not just a dated press release.

SBTi formally validated net-zero targets (49% reduction by 2030, net-zero by 2045) — the first US bank to achieve this — with no reliance on portfolio-level offsets and published interim progress showing 3 of 4 asset-class targets on track; CDP disclosure status could not be confirmed as a scored submission, which prevents a higher rating.

Operational footprint, labour and social practices, and governance quality across the company's own operations and supply chain.

B-Corp recertified in 2023 with a score of 155.3 (nearly double the qualifying threshold), operations on 100% renewable electricity since 2017, and strong labor-banking roots — but a 2025 lawsuit alleging racist executive comments, improper hiring, and retaliation by current employees introduces a material social-pillar risk that cannot be dismissed.

Quality of disclosure, independent third-party verification, and how much hard data backs the company's claims.

Annual ESG report, a dedicated Climate Impact Progress Report with quantified per-asset-class emissions tracking using PCAF methodology, and SEC-filed investor-day disclosures provide above-average transparency for a bank of this size; however, financed-emissions figures are self-calculated and not independently third-party assured, and no confirmed CDP scored submission was found, capping this score.

Controversies, litigation, pollution, fossil-fuel lobbying, conflict-zone involvement and governance scandals. Higher means cleaner.

No fossil-lobbying or pollution controversies found; the bank's role in the Facebook v. Amalgamated Bank Supreme Court case (2024) was as plaintiff pursuing shareholder accountability, not as a defendant — a reputational positive — but an active 2025 employee lawsuit alleging racism, retaliation, and executive misconduct, plus conservative political backlash over its gun-related payment-processing advocacy, represent meaningful governance and social integrity risks.