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Amalgamated Financial Corp
Amalgamated Financial's GHG Emissions Data Preview
In 2023, Amalgamated Financial completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).
Amalgamated Financial has also provided a category-level breakdown for 9 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2023 | 2022 | 2021 | 2020 - 2017 |
|---|---|---|---|---|
Total Scope 1 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 2 | ||||
Market-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Location-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Unspecified Calculation Method | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
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bVerified Sources Behind Amalgamated Financial’s Greenhouse Gas (GHG) Emissions Data
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Insights into Amalgamated Financial's Operational Emissions
In 2023, the total operational greenhouse gas (GHG) emissions ofAmalgamated Financial amounted to747metric tons of CO2 equivalent.This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).a
Compared to 2022, the total operational greenhouse gas (GHG) emissions of Amalgamated Financialincreased by 10.23%, suggesting that the company faced challenges in reducing its emissions from its core operations.a
Amalgamated Financial's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Amalgamated Financial's Scope 1 emissions?
In 2023, the total Scope 1 emissions of Amalgamated Financial were 72 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Compared to the previous year(2022), Amalgamated Financial's Scope 1 emissions decreased by 17.15%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
What are Amalgamated Financial's Scope 2 emissions?
In 2023, Amalgamated Financial reported Scope 2 greenhouse gas (GHG) emissions of 3 tCOâ‚‚e using the market-based method and 675 tCOâ‚‚e using the location-based method.a
Has Amalgamated Financial reduced its Scope 2 emissions over time?
Compared to the previous year(2022), Amalgamated Financial's Scope 2 emissions(Location-Based) rose by 14.25% in 2023, suggesting that the company faced challenges in reducing emissions from purchased electricity and energya
What methodology does Amalgamated Financial use for Scope 2 reporting?
In 2023, Amalgamated Financial reported its Scope 2 emissions using the market-based method and using the location-based method.a
Amalgamated Financial's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
- Total Scope 2 Market-Based
- Total Scope 2 (Unspecified Calculation Method)
Insights into Amalgamated Financial's Value Chain Emissions
In 2023, Amalgamated Financial reported 5,011,262.1 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
The 2023 disclosure of Amalgamated Financial includes a breakdown across 9of the 15 Scope 3 categories defined by the GHG Protocol,up from 8 in 2022, reflecting improved emissions accounting practices and greater transparency across the company's value chaina
Amalgamated Financial's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Amalgamated Financial's Scope 3 emissions?
In 2023, Amalgamated Financial reported total Scope 3 emissions of 5,011,262.1 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Approximately 0.11%of these emissions originated from upstream activities such as purchased goods and capital goods, while 99.89%came from downstream activities like product use, distribution, and end-of-life treatment.a
Has Amalgamated Financial reduced its Scope 3 emissions over time?
Since 2019, Amalgamated Financial's Scope 3 emissionshave increased by 4,275.27%, reflecting a rising long-term trend in Scope 3 emissions over time.ad
Compared to the previous year (2022), Amalgamated Financial's Scope 3 emissions increased by 64,648.33%, suggesting that the company faced challenges in reducing emissions across its value chain.a
What categories of Scope 3 emissions does Amalgamated Financial disclose?
In 2023, Amalgamated Financial reported emissions for 9 out of the 15 Scope 3 categories defined by the GHG Protocol.a
This partial disclosure allows for some insight into the company's indirect impacts.
What are the main sources of Amalgamated Financial's Scope 3 emissions?
In 2023, the largest contributors to Amalgamated Financial's Scope 3 emissions were:a
- Investments (Cat. 15): 5,005,721 tCOâ‚‚e(99.89%)
- Purchased Goods and Services (Cat. 1): 4,884.5 tCOâ‚‚e(0.1%)
- Fuel- and Energy-Related Services (Cat. 3): 265.3 tCOâ‚‚e(0.01%)
Amalgamated Financial's Scope 3 Emissions by Categories
Insights into Amalgamated Financial’s GHG Emissions Intensity Compared to Industry Peers
In 2023, Amalgamated Financial reported Scope 1 greenhouse gas (GHG) emissions of 72 tCOâ‚‚e and total revenues of USD 286 millions. This translates into an emissions intensity of 0.25 tCOâ‚‚e per millions USD.a
Amalgamated Financial's Scope 1 Emissions Intensity Compared to Peers
How does Amalgamated Financial's GHG emissions intensity compare to its peers?
In 2023, Amalgamated Financial reported a Scope 1 emissions intensity of 0.25 tCOâ‚‚e per millions USD. Compared to the peer group median of 1.31, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
Where does Amalgamated Financial rank on GHG emissions intensity within its industry?
In 2023, Amalgamated Financial ranked 1 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCOâ‚‚e per millions USD).a
This places Amalgamated Financial among the top performers, with one of the lowest emissions intensities relative to peers.a
Insights into Amalgamated Financial's Total Carbon Footprint
In 2023, Amalgamated Financial reported a total carbon footprint of 5,012,009.1 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 59,444.14% increase compared to 2022, suggesting a rise in emissions across its operations or value chain.a
The largest contributor to Amalgamated Financial's total carbon footprint was Scope 3 emissions, accounting for 99.99% of the company's total carbon footprint, followed by Scope 2 emissions at 0.01%.a