STOCK TITAN

Amalgamated Announces the Appointment of Nicole Steele and Emily Robichaux as Directors of Climate Partnerships

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
Tags
partnership management

Amalgamated Financial Corp. (Nasdaq: AMAL) has announced the appointment of Nicole Steele as Director of Climate Partnership Banking and Emily Robichaux as Director of Climate Partnership Lending. These experts will lead the bank's efforts to execute on the $27B Greenhouse Gas Reduction Fund (GGRF). Steele, with over 20 years of experience in clean energy, was instrumental in developing GGRF programs at the EPA. Robichaux, rejoining Amalgamated from Opportunity Finance Network, secured over $2bn for community clean energy projects.

As a founder of the UN Net Zero Banking Alliance and the first US bank to set net zero targets validated by SBTi, Amalgamated is strengthening its position in sustainability finance. The bank is certified as Fossil Fuel free, with 64% of its lending meeting 'High Impact' criteria and 100% mission-aligned, including $547 million in Climate Protection loans and $1.2 billion in Property Assessed Clean Energy assets.

Amalgamated Financial Corp. (Nasdaq: AMAL) ha annunciato la nomina di Nicole Steele como Direttore del Climate Partnership Banking e Emily Robichaux come Direttore del Climate Partnership Lending. Questi esperti guideranno gli sforzi della banca per attuare il Fondo per la Riduzione delle Emissioni di Gas Serra da 27 miliardi di dollari (GGRF). Steele, con oltre 20 anni di esperienza nel settore dell'energia pulita, è stata fondamentale nello sviluppo dei programmi GGRF presso l'EPA. Robichaux, tornando ad Amalgamated da Opportunity Finance Network, ha ottenuto oltre 2 miliardi di dollari per progetti di energia pulita comunitari.

Come fondatrice dell'UN Net Zero Banking Alliance e prima banca statunitense a fissare obiettivi di emissioni nette pari a zero validati da SBTi, Amalgamated sta rafforzando la sua posizione nella finanza sostenibile. La banca è certificata come priva di combustibili fossili, con 64% dei suoi prestiti che soddisfano i criteri di 'Alto Impatto' e 100% allineati alla missione, includendo 547 milioni di dollari in prestiti per la protezione del clima e 1,2 miliardi di dollari in beni di energia pulita utilizzati nei prestiti immobiliari.

Amalgamated Financial Corp. (Nasdaq: AMAL) ha anunciado el nombramiento de Nicole Steele como Directora de Climate Partnership Banking y Emily Robichaux como Directora de Climate Partnership Lending. Estas expertas liderarán los esfuerzos del banco para ejecutar el Fondo de Reducción de Gases de Efecto Invernadero de $27 mil millones (GGRF). Steele, con más de 20 años de experiencia en energía limpia, fue fundamental en el desarrollo de programas GGRF en la EPA. Robichaux, que regresa a Amalgamated desde Opportunity Finance Network, aseguró más de $2 mil millones para proyectos de energía limpia comunitarios.

Como fundadora de la Alianza de Banca Net Zero de la ONU y primer banco de EE. UU. en establecer objetivos de cero emisiones validados por SBTi, Amalgamated está fortaleciendo su posición en la financiación sostenible. El banco está certificado como libre de combustibles fósiles, con el 64% de sus préstamos cumpliendo con los criterios de 'Alto Impacto' y 100% alineados con la misión, incluidos $547 millones en préstamos para protección climática y $1.2 mil millones en activos de energía limpia evaluados por propiedades.

Amalgamated Financial Corp. (Nasdaq: AMAL)는 Nicole Steele를 기후 파트너십 뱅킹 이사로, Emily Robichaux를 기후 파트너십 대출 이사로 임명했다고 발표했습니다. 이 전문가들은 은행이 270억 달러 규모의 온실가스 감축 기금 (GGRF)을 이행하는 노력을 주도할 것입니다. 클린 에너지 분야에서 20년 이상의 경력을 가진 Steele은 EPA에서 GGRF 프로그램 개발에 중요한 역할을 했습니다. Opportunity Finance Network에서 Amalgamated로 복귀한 Robichaux는 지역 사회의 클린 에너지 프로젝트를 위해 20억 달러 이상을 확보했습니다.

UN 넷 제로 은행 얼라이언스의 창립자로서 SBTi에 의해 검증된 넷 제로 목표를 설정한 첫 번째 미국 은행인 Amalgamated는 지속 가능한 금융에서의 입지를 강화하고 있습니다. 이 은행은 화석 연료가 없는 것으로 인증되었으며, 자금의 64%가 '고 임팩트' 기준을 충족하고 100%가 사명에 부합합니다. 여기에는 5억 4700만 달러의 기후 보호 대출12억 달러의 부동산 평가 청정 에너지 자산이 포함됩니다.

Amalgamated Financial Corp. (Nasdaq: AMAL) a annoncé la nomination de Nicole Steele en tant que directrice du Climate Partnership Banking et de Emily Robichaux en tant que directrice du Climate Partnership Lending. Ces expertes dirigeront les efforts de la banque pour mettre en œuvre le Fonds de réduction des gaz à effet de serre de 27 milliards de dollars (GGRF). Steele, forte de plus de 20 ans d'expérience dans les énergies propres, a joué un rôle clé dans le développement des programmes GGRF à l'EPA. Robichaux, revenant chez Amalgamated après son passage à Opportunity Finance Network, a sécurisé plus de 2 milliards de dollars pour des projets d'énergie propre communautaire.

En tant que fondatrice de l'Alliance bancaire UN Net Zero et première banque américaine à établir des objectifs de zéro émission validés par la SBTi, Amalgamated renforce sa position dans la finance durable. La banque est certifiée sans combustibles fossiles, avec 64% de ses prêts répondant aux critères de 'Haute Impact' et 100% alignés sur la mission, y compris 547 millions de dollars en prêts pour la protection du climat et 1,2 milliard de dollars en actifs d'énergie propre évalués par les biens immobiliers.

Amalgamated Financial Corp. (Nasdaq: AMAL) hat die Ernennung von Nicole Steele zur Direktorin für Climate Partnership Banking und Emily Robichaux zur Direktorin für Climate Partnership Lending bekannt gegeben. Diese Experten werden die Bemühungen der Bank leiten, den 27 Milliarden Dollar Greenhouse Gas Reduction Fund (GGRF) umzusetzen. Steele hat über 20 Jahre Erfahrung im Bereich saubere Energie und spielte eine entscheidende Rolle bei der Entwicklung der GGRF-Programme bei der EPA. Robichaux kehrt von der Opportunity Finance Network zu Amalgamated zurück und sicherte über 2 Milliarden Dollar für Gemeinschaftsprojekte im Bereich saubere Energie.

Als Gründerin der UN Net Zero Banking Alliance und erste US-Bank, die netto null Ziele festlegt, die von der SBTi validiert wurden, stärkt Amalgamated seine Position im Bereich nachhaltige Finanzen. Die Bank ist als fossile Brennstoffe frei zertifiziert, mit 64% ihrer Kredite, die die Kriterien für 'Hohe Wirkung' erfüllen, und 100% missionarisch ausgerichtet, einschließlich 547 Millionen Dollar in Klimaschutzkrediten und 1,2 Milliarden Dollar in Immobilien-bewerteten sauberen Energieanlagen.

Positive
  • Appointment of two nationally recognized experts in sustainability finance
  • Leadership role in executing the $27B Greenhouse Gas Reduction Fund
  • 64% of lending meets 'High Impact' criteria and 100% mission-aligned
  • $547 million in loans dedicated to Climate Protection
  • $1.2 billion in Property Assessed Clean Energy assets
  • First US bank to set net zero targets validated by Science Based Target Initiatives
Negative
  • None.

Two nationally recognized experts to join the bank, adding to its position as a leader in sustainability finance.

NEW YORK--(BUSINESS WIRE)-- Amalgamated Financial Corp. (“Amalgamated” or the “Company”) (Nasdaq: AMAL) today announced the appointment of Nicole Steele as Director of Climate Partnership Banking and Emily Robichaux as Director of Climate Partnership Lending. This team of industry experts will lead the bank’s efforts to execute on the potential of the $27B Greenhouse Gas Reduction Fund (“GGRF”).

Ms. Steele is a nationally recognized leader and expert with over 20 years’ experience in clean energy, focusing on equitable deployment and workforce development. She was instrumental in the development of the GGRF programs including the National Clean Investment Fund (“NCIF)”, Clean Communities Investment Accelerator (“CCIA”), and Solar for All (“SFA”) at the U.S. Environmental Protection Agency (“EPA”) and worked in partnership with the U.S. Treasury on the Inflation Reduction Act’s solar tax credits including the Low-Income Communities Bonus Tax Credit. Most recently, Ms. Steele was the Program Manager of the Workforce and Equitable Access Team in the Solar Energy Technologies Office (“SETO”) at the U.S. Department of Energy (“DOE”) and the head of the National Community Solar Partnership (“NCSP”) that created the Community Power Accelerator and many other initiatives that developed solutions for the rapid deployment of clean energy with true meaningful benefits.

Ms. Robichaux is an accomplished executive with over fifteen years of experience delivering business results in sustainable finance, energy access, and technology. She will rejoin Amalgamated from Opportunity Finance Network (“OFN”), where she built the organization’s climate program. As Senior Vice President, Climate and Environmental Programs, Ms. Robichaux was a lead author of OFN’s award-winning GGRF Clean Communities Investment Accelerator application, securing over $2bn for community clean energy projects and climate lending capacity building for Community Development Financial Institutions (“CDFIs”).

Sam Brown, Chief Banking Officer, commented: “I am thrilled to have this team of experts join us at Amalgamated Bank as we continue to lead by example and ramp up our efforts to support America’s transition to a clean energy economy. National efforts like the Greenhouse Gas Reduction Fund galvanize us to imagine a world where climate sustainability is within reach of all Americans, regardless of socioeconomic status or geography. Nicole and Emily join our roster of leaders that are already leveraging this vision and the financial system to drive climate justice.”

As a founder of the UN Net Zero Banking Alliance and the first US bank to set net zero targets validated by Science Based Target Initiatives (“SBTi”), Amalgamated is a leader in sustainable finance. The bank is certified as Fossil Fuel free and 64% of our lending meets our definition of “High Impact” and 100% mission aligned, specifically with more than $547 million in loans dedicated to Climate Protection and an additional $1.2 billion in Property Assessed Clean Energy assets.”

About Amalgamated Financial Corp.

Amalgamated Financial Corp. is a Delaware public benefit corporation and a bank holding company engaged in commercial banking and financial services through its wholly-owned subsidiary, Amalgamated Bank. Amalgamated Bank is a New York-based full-service commercial bank and a chartered trust company with a combined network of five branches across New York City, Washington D.C., and San Francisco, and a commercial office in Boston. Amalgamated Bank was formed in 1923 as Amalgamated Bank of New York by the Amalgamated Clothing Workers of America, one of the country’s oldest labor unions. Amalgamated Bank provides commercial banking and trust services nationally and offers a full range of products and services to both commercial and retail customers. Amalgamated Bank is a proud member of the Global Alliance for Banking on Values and is a certified B Corporation®. As of June 30, 2024, our total assets were $8.3 billion, total net loans were $4.4 billion, and total deposits were $7.4 billion. Additionally, as of June 30, 2024, our trust business held $34.6 billion in assets under custody and $14.0 billion in assets under management.

Investor Contact:



Jamie Lillis

Solebury Strategic Communications

shareholderrelations@amalgamatedbank.com

800-895-4172

Source: Amalgamated Financial Corp.

FAQ

Who are the new directors appointed by Amalgamated Financial Corp. (AMAL)?

Amalgamated Financial Corp. (AMAL) has appointed Nicole Steele as Director of Climate Partnership Banking and Emily Robichaux as Director of Climate Partnership Lending.

What is the Greenhouse Gas Reduction Fund (GGRF) mentioned in relation to AMAL?

The Greenhouse Gas Reduction Fund (GGRF) is a $27 billion fund that Amalgamated Bank aims to leverage for climate sustainability initiatives. The newly appointed directors will lead efforts to execute on the potential of this fund.

How much of Amalgamated's (AMAL) lending is considered 'High Impact'?

64% of Amalgamated's lending meets their definition of 'High Impact' and is 100% mission-aligned.

What is the value of Amalgamated's (AMAL) loans dedicated to Climate Protection?

Amalgamated has more than $547 million in loans dedicated to Climate Protection.

Amalgamated Financial Corp.

NASDAQ:AMAL

AMAL Rankings

AMAL Latest News

AMAL Stock Data

970.48M
30.64M
42.07%
54.84%
3.05%
Banks - Regional
State Commercial Banks
Link
United States of America
NEW YORK