When we talk about climate action, we typically focus on energy, agriculture, and transportation. But we rarely talk about something even more powerful, quieter, hidden in plain sight: our money.
Most of us don’t know what our money is doing while we’re not using it. Sitting in a bank account, it seems passive. Neutral. But it isn’t. Turns out, where you put your money has real-world environmental consequences.
This tension between the values we hold and the financial systems we unknowingly sustain is what prompted EarthShare to take the significant step of consolidating its primary banking relationship with Amalgamated Bank, a financial institution with a climate-forward mandate.
“Our money should reflect our mission,” said Brad Leibov, President & CEO of EarthShare. “We believe our financial decisions should reflect the same values we promote in the world. Amalgamated is financing the future we actually want to live in.”
Amalgamated Bank, founded by union workers more than a century ago, has emerged as a rare institution in U.S. finance: a bank that actively supports climate, social justice, and labor initiatives while helping clients move money to the frontlines of change. For EarthShare, it’s not just about banking. It’s about modeling integrity in climate leadership and forging strong partnerships for good in a sector that has a long history with harmful climate practices. In addition to mission alignment, Amalgamated Bank—like EarthShare—prioritizes the ability to use deposited dollars to expand access to clean energy financing, matching assets with purpose. They meet their clients where they’re at and provide more than $650 million in solar and renewable energy financing in addition to supporting the complex treasury management needs of organizations like ours.
A More Sustainable Way to Bank
Amalgamated Bank is taking purpose to the next level, using banking to address critical social goals—like tackling the climate crisis—and empowering people and businesses to do the same. Founded in 1923 by a clothing workers’ union made up of mostly immigrants, Amalgamated’s mission was to be a bank for the people, and that same mindset of social responsibility persists to this day. That’s why Amalgamated Bank is carbon neutral, powered by 100% renewable energy, and a Certified B Corporation.
“At Amalgamated Bank, we aim to help our clients, who are deeply passionate about positively impacting our society and planet, use the financial system to advance their social goals. This work is central to our missions and values – it’s how we help them Bank on Impact.”
Since 2018, Amalgamated Bank has been actively working to address its overall climate impact, setting goals in alignment with the Paris Climate Agreement, and making actual progress toward achieving—and even surpassing—them. Something that very few companies can say; particularly within the finance sector.
“Using a 2020 baseline, [Amalgamated] Bank set formal targets to achieve 49% reductions in 2030 and net-zero greenhouse gas emissions in its financing and operations by 2045.”
From 2020 to 2023, Amalgamated Bank saw a 240% growth in climate solutions lending (190% of their original goal). Now climate solutions make up 39.2% of the bank’s lending and select securities portfolio. Check out their 2025 Climate Impact Progress Report to learn more!
This kind of transparency gives consumers the opportunity to know exactly what their money is supporting, that their banking institution is in line with their own personal values, and that their impact is immediate.
