Amalgamated Bank Commits to Net Zero Targets by 2045
Published on October 25, 2021
New York, 25th October 2021
On the eve of COP26 'America's Socially Responsible Bank' and GABV member, Amalgamated Bank, has become the first U.S. bank to set science-based targets under the guidelines of the UN Net Zero Banking Alliance.
Amalgamated Bank announced formal targets to achieve 49% reductions in 2030 and net zero greenhouse gas emissions in its financing and operations by 2045—five years ahead of the 2050 global deadline for net zero emissions, as stated by the UN Intergovernmental Panel on Climate Change.
This is a meaningful, front-running target and an inspiration for others inside and outside the values-based banking movement.
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