New York-based Amalgamated Bank is increasing its customer numbers as it moves away from lending to or investing in companies that cause climate change. The bank does not finance fossil fuel projects and has increased lending to renewable energy and energy efficient projects, said sustainability chief Frishberg. Investors are offered portfolios free from coal, oil and gas companies, as well as fossil fuel-reliant utilities.
New York-based Amalgamated Bank is increasing its customer numbers as it moves away from lending to or investing in companies that cause climate change. The bank does not finance fossil fuel projects and has increased lending to renewable energy and energy efficient projects, said sustainability chief Ivan Frishberg. Investors are offered portfolios free from coal, oil and gas companies, as well as fossil fuel-reliant utilities.