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4 episodes with amalgamated bank
4 episodes with amalgamated bank
3 episodes with amalgamated bank
2 episodes with amalgamated bank
2 episodes with amalgamated bank
2 episodes with amalgamated bank
2 episodes with amalgamated bank
2 episodes with amalgamated bank
2 episodes with amalgamated bank
Rob Majdecki, Senior Vice President and Chief Investment Officer at Amalgamated Bank of Chicago (ABOC), joined the America's Work Force Union Podcast to discuss navigating economic challenges, maximizing investment opportunities and the unique perspective of a union-founded bank. Tim Burga, President of the Ohio AFL-CIO, joined the America's Work Force Union Podcast to discuss threats to collective bargaining rights, the implications of Senate Bill 1 (SB1) in Ohio and the broader impact of federal policies on the labor movement.
Today's show starts with Tore's short TikTok message about judges. Then, the released files detail early CIA operations that include some nasty sugar for the Russians. Fire Molly for warmongering and murder. It's all so insane that it has to get better. NATO is so pissed. Oh, and we're going to need Greenland too. The judicial coup is happening as we predicted long ago. If the judicial branch is broken, the other two don't work at all. So many JFK files were missing from the release. The true value of a person comes out when they get some power. Think JFK, Doolittle and Byrd. Kennedy's role had to be fullfiled. NATO players encourage a focus on Israel. The pope has been dead for a hot minute. Plant the seeds even though you may never feel the shade. Too many people are surrounding the President. Deep state tools seem to abound everywhere. People will be diving off roofs soon. Amalgamated Bank is in the middle of the grift. All that union money is gone. How do we bail them out? The Chinese are the best at laundering money. Act Blue handles the big corrupt finances. No one is paying attention to the people, and it hurts. We have to crash the entire financial system. It's a repeat of BCCI. The autopen story turned out to be true. So much is headed our way soon. Now is the time to make your preparations and remember that God loves you.
5 Things In 15 Minutes The Podcast: Bringing Good Vibes to DEI
James Felton Keith, CEO at InclusionScore and I recap the latest 5 Things (good vibes in DEI) in just 15 minutes. This week, we're talking about groundbreaking firsts at the Oscars, the rise of women-led boardrooms, Peppa Pig, and more!Here are this week's good vibes:Oscar Gold for Emerald City ThreadsBanking on Women, Leading with ImpactPeppa Pig Gets Accessibility RightAll Paths to Parenthood Deserve SupportCrowning a New Era of InclusionGood Vibes to Go: Bernadette's GVTG: This Women's History Month, a shout out to Karen Catlin who will send you actionable tips to be a better ally at work—straight to your inbox. Subscribe now at BetterAllies.comJames's GVTG: Find the joyful moments every day, not just "work through it" but "joy through it", like the late John Lewis did. Read the Stories.Connect with James Felton KeithSubscribe to the 5 Things newsletter.Watch the show on YouTube. Join thousands of readers by subscribing to the 5 Things newsletter. Enjoy some good vibes in DEI every Saturday morning. https://5thingsdei.com/
In an era when many financial institutions prioritize profits over people, one bank stands out for its commitment to the labor movement since its beginning. Nick Weaver, President and Chief Operating Officer of Amalgamated Bank of Chicago (ABOC), joined the America's Work Force Union Podcast to discuss the bank's unique position in serving union members and organizations. President of the North Coast Area Labor Federation, Pat Gallagher joined the America's Work Force Union Podcast to discuss the Social Security Fairness Act, his thoughts on President-elect Trump's proposed policies that could impact the working class and the way labor leaders can build a better future for their members.
In this replay episode of ESG Talk, we bring together our two-part series featuring Amalgamated Bank's CEO, Priscilla Sims Brown, CFO Jason Darby, and special guest host Kim Huffman, CIO of Workiva. Learn how Amalgamated Bank leverages technology to advance its mission-driven business model and actionable strategies for organizations looking to make an impact.
QUESTION PRESENTED:Whether risk disclosures are false or misleading when they do not disclose that a risk has materialized in the past, even if that past event presents no known risk of ongoing or future business harm. ★ Support this podcast on Patreon ★
A case in which the Court will decide whether risk disclosures are false or misleading when they do not disclose that a risk has materialized in the past, even if that past event presents no known risk of ongoing or future business harm.
Securities Law: Are risk disclosures false or misleading when they do not disclose that a risk has materialized in the past, even if that past event presents no known risk of ongoing or future business harm? - Argued: Wed, 06 Nov 2024 16:58:50 EDT
Facebook, Inc. v. Amalgamated Bank | 11/06/24 | Docket #: 23-980
This Day in Legal History: New York Grants Women Right to VoteOn November 6, 1917, New York became one of the first eastern states to grant women the right to vote, a pivotal victory for the suffrage movement in the United States. The state's voters approved a constitutional amendment that extended suffrage to women, marking a significant shift in public opinion and advancing the national push for equal voting rights. New York was the most populous state to enact such a measure, lending critical momentum to the cause and demonstrating that widespread support for women's suffrage was achievable in even the largest urban areas.This victory was the result of decades of persistent activism and organizing by leaders such as Carrie Chapman Catt, who spearheaded the Empire State Campaign Committee, and countless local suffragists who canvassed tirelessly for public support. Women in New York had actively campaigned, held rallies, and built coalitions, especially focusing on mobilizing working-class women and men. The successful vote was seen as a clear mandate for gender equality and significantly influenced other states and Congress.New York's decision to enfranchise women not only energized the movement but also helped propel the passage of the 19th Amendment to the U.S. Constitution in 1920, which granted voting rights to women nationwide. This milestone in New York underscored the growing acknowledgment of women's role in public and political life, laying groundwork for further social and political reforms across the country.The U.S. Supreme Court recently heard arguments in a case concerning whether a heightened standard of proof is necessary for employers claiming that workers are exempt from overtime pay under the Fair Labor Standards Act (FLSA). Currently, there is a split among federal circuits on this issue, with the Fourth Circuit requiring a "clear and convincing" evidence standard, while other circuits apply the lower "preponderance of the evidence" standard, which means the employer must show it is more likely than not that an exemption applies. The case has significant implications for both workers' rights and business costs.Representing E.M.D. Sales, attorney Lisa Blatt argued that the default civil standard, preponderance of the evidence, should apply to FLSA cases, as imposing a stricter standard would burden employers and potentially lead to layoffs. Conversely, Lauren Bateman, representing employees and supported by Public Citizen, contended that because FLSA regulations protect critical worker health, safety, and economic welfare, a higher standard is warranted to ensure these protections are meaningful.Justice Ketanji Brown Jackson underscored that the FLSA aims not only to provide fair pay but also to ensure a safe workplace and expand employment, suggesting the importance of potentially adopting a stricter standard. Meanwhile, Justice Clarence Thomas raised questions about why the FLSA should receive special treatment over other laws that also protect essential rights, such as those addressing discrimination.The case attracted varied views on the potential broader impacts of raising the standard of proof. Some justices, like Samuel Alito, questioned how the court would measure the relative importance of rights across federal laws. The Justice Department, represented by Aimee Brown, supported the employer's position, noting that Congress enacts many laws with public benefits, yet courts rarely apply a heightened standard of proof in such cases.The Supreme Court's eventual decision could standardize how proof requirements are applied in overtime cases and influence both worker protections and business practices across the country.US Supreme Court Leans Toward Business in Overtime Dispute (1)A new lawsuit accuses Pfizer Inc. of failing to warn patients that its contraceptive injection, Depo-Provera, could increase the risk of brain tumors. Plaintiff Taylor Devorak filed the complaint in California, alleging that Pfizer and other manufacturers had a duty to research and disclose potential links between Depo-Provera, as well as similar progesterone-based drugs, and intracranial meningiomas, a type of brain tumor. The lawsuit seeks damages based on claims of failure to warn, defective design, negligence, and misrepresentation.Devorak's case follows similar lawsuits filed recently in California and Indiana. Her complaint notes that although the drug has been FDA-approved for over 30 years and widely used, Pfizer has not updated the U.S. labeling to reflect these risks, even as health authorities in the EU and UK now include warnings about meningioma for such medications. A 2024 study published in the *British Medical Journal* found a substantial increase in risk for brain tumors with prolonged use of medroxyprogesterone acetate, the active ingredient in Depo-Provera.In response, Pfizer asserts that Depo-Provera has been a safe option for millions and plans to “vigorously defend” against the claims. The case has brought renewed attention to safety and disclosure practices in the pharmaceutical industry, particularly around long-established medications.Pfizer Accused of Hiding Contraceptive's Brain Tumor Link (1)Following Donald Trump's recent election as U.S. president, the criminal cases against him are likely to be halted for the duration of his term. Trump, the first former president to face criminal charges, had four active prosecutions, including charges related to attempts to overturn the 2020 election results, a hush-money payment linked to Stormy Daniels, and unlawful retention of classified documents. Trump, who has pleaded not guilty to all charges and dismissed the cases as politically motivated, has stated he would immediately dismiss Special Counsel Jack Smith, responsible for the federal prosecutions on election interference and document retention.While Trump can halt federal cases, he has less control over state cases, such as the New York hush-money and Georgia election interference cases. However, his presidency could still effectively delay or complicate these proceedings. Legal experts expect delays in his New York sentencing, which had already been postponed, citing potential presidential immunity arguments.In Georgia, Trump's lawyers are working to pause proceedings under the argument that a sitting president should not face criminal prosecution. Additionally, his team has challenged Fulton County District Attorney Fani Willis's involvement, aiming to disqualify her based on alleged misconduct. Ultimately, experts believe Trump's presidency will prevent the state-level cases from moving forward until his term concludes.Trump's impending return to White House brings criminal cases to a halt | ReutersThe U.S. Supreme Court will hear arguments on Facebook's effort to dismiss a securities fraud lawsuit brought by shareholders who claim the company misled investors about the misuse of user data. The lawsuit, initiated by Amalgamated Bank in 2018, argues that Facebook violated the Securities Exchange Act by failing to disclose the 2015 Cambridge Analytica data breach, which affected over 30 million users and contributed to Donald Trump's 2016 presidential campaign. Shareholders allege that Facebook presented data privacy risks as hypothetical even though the breach had already occurred.Facebook contends that it was not legally required to disclose the prior breach and that reasonable investors would interpret risk disclosures as forward-looking. A federal judge initially dismissed the case, but the Ninth Circuit Court revived it, noting that Facebook's statements misrepresented an already-realized risk. The Supreme Court's decision, expected by June, could influence the standards for securities fraud cases, making it harder for private parties to pursue claims. This case, along with a similar appeal by Nvidia, could further limit the liability of companies for nondisclosure of past risks. Past Cambridge Analytica fallout has led Facebook to settle related SEC and FTC actions, paying $100 million and $5 billion, respectively.US Supreme Court to hear Facebook bid to escape securities fraud suit | Reuters This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.minimumcomp.com/subscribe
Each month, a panel of constitutional experts convenes to discuss the Court’s upcoming docket sitting by sitting. The cases covered in this preview are listed below.Wisconsin Bell v. U.S., (November 4) - Telecommunications; Whether reimbursement requests submitted to the Federal Communications Commission's E-rate program are “claims” under the False Claims Act.Advocate Christ Medical Center v. Becerra, (November 5) - Medicare; Whether the phrase “entitled ... to benefits,” used twice in the same sentence of the Medicare Act, means the same thing for Medicare part A and Supplemental Social Security benefits, such that it includes all who meet basic program eligibility criteria, whether or not benefits are actually received.E.M.D. Sales v. Carrera, (November 5) - Labor & Employment; Whether the burden of proof that employers must satisfy to demonstrate the applicability of a Fair Labor Standards Act exemption is a mere preponderance of the evidence or clear and convincing evidence.Facebook v. Amalgamated Bank, (November 6) - Corporations; Whether risk disclosures are false or misleading when they do not disclose that a risk has materialized in the past, even if that past event presents no known risk of ongoing or future business harm.Velazquez v. Garland, (November 12) - International and National Security; Whether, when a noncitizen's voluntary-departure period ends on a weekend or public holiday, a motion to reopen filed the next business day is sufficient to avoid the penalties for failure to depart under 8 U.S.C. § 1229c(d)(1).Delligatti v. U.S., (November 12) - Criminal Law & Procedure; Issue(s): Whether a crime that requires proof of bodily injury or death, but can be committed by failing to take action, has as an element the use, attempted use, or threatened use of physical force.NVIDIA Corp. v. E. Ohman J:or Fonder AB, (November 13) - Securities; (1) Whether plaintiffs seeking to allege scienter under the Private Securities Litigation Reform Act based on allegations about internal company documents must plead with particularity the contents of those documents; and (2) whether plaintiffs can satisfy the Act's falsity requirement by relying on an expert opinion to substitute for particularized allegations of fact.Featuring:Tyler S. Badgley, Senior Counsel, U.S. Chamber Litigation CenterKaren Harned, President, Harned Strategies LLCRobert S. Peck, President, Center for Constitutional LitigationCollin White, Of Counsel, Kellogg Hansen(Moderator) Sarah Child, Attorney, Jackson Lewis
In part two of this special 100th episode series of ESG Talk, we continue our conversation with Amalgamated Bank's CEO, Priscilla Sims Brown, and CFO, Jason Darby, to discuss how they use technology to drive the company's mission-driven business model and share actionable insights for other organizations.
In this special 100th episode of ESG Talk, we kick off a two-part series with Priscilla Sims Brown, CEO of Amalgamated Bank, Jason Darby, CFO, and special guest host Kim Huffman, CIO of Workiva. Discover how the bank has aligned its entire organization around a century-old mission, while driving a modern, socially responsible business.
- Rhonda McFarland, Executive Dir. of Quad Developmen Corporation/QCDC - Mike Somone (VP of union and commercial services, Amalgamated Bank of Chicago) - Phillip Longman (Senior editor, Washington Monthly; @LongmanPhil) - David Orr (Good Government Illinois; @goodgovillinois) - War on Women weekly panel - Julianne McShane,News & Engagement Writer @MotherJones
- Nick Weaver (President, Amalgamated Bank of Chicago) - Alex Theodoridis (Political science professor, University of Massachusetts-Amherst; @AGTheodoridis) - Mike Sozan (Senior fellow, Center for American Progress; @michaelsozan) - James West (Executive editor, Mother Jones; @jameswest2010) - Stephen Farnsworth (Political science professor, University of Mary Washington; @drsfarnsworth)
Cyberattacks on CDK Global led to a massive shutdown for thousands of auto dealerships in North America. Mark Hollmer, reporter for Crain's sister publication Automotive News, talks with host Amy Guth about the saga and what lies ahead for the Hoffman Estates-based software company.Plus: Aon is slashing its suburban office space with Bannockburn move; United Airlines jet loses wheel in repeat of March incident; a new name, look and mission for Amalgamated Bank of Chicago; and Mayor Brandon Johnson spikes threat to his control over City Council meetings.
Podcast: Renewable Energy and Sustainable Bank Stock Buys include articles “The Top 3 Renewable Energy Stocks Targeting 50% Upside by 2028” and “Top 10: Sustainable Banks” from sustainabilitymag.com, and more. By Ron Robins, MBA Transcript & Links, Episode 132, June 14, 2024 Hello, Ron Robins here. So, welcome to this podcast episode 132 titled “Renewable Energy and Sustainable Bank Stock Buys.” It's presented by Investing for the Soul. Investingforthesoul.com is your site for vital global ethical and sustainable investing mentoring, news, commentary, information, and resources. Now, remember that you can find a full transcript, and links to content – including stock symbols and bonus material – on this episode's podcast page located at investingforthesoul.com/podcasts. Also, a reminder. I do not evaluate any of the stocks or funds mentioned in these podcasts, nor do I receive any compensation from anyone covered in these podcasts. Furthermore, I will reveal to you any personal investments I have in the investments mentioned herein. Additionally, quotes about individual companies are brief. Please go to this podcast's webpage for links to the actual articles for more company and stock information. Also, some companies might be covered more than once and there are also 2 article links below that time didn't allow me to review them here. ------------------------------------------------------------- The Top 3 Renewable Energy Stocks Targeting 50% Upside by 2028 As we approach the summer holiday period the number of suitable articles for this podcast usually declines. And that's what's beginning to happen now. However, there are still some great articles worth covering for you. I'm going to start with this one titled The Top 3 Renewable Energy Stocks Targeting 50% Upside by 2028. It's by Terel Miles and found on msn.com. Here's some of what Mr. Miles says about his picks. “1. First Solar (NASDAQ:FSLR) The company has skyrocketed more than 60% year to date, and it is just getting started. First Solar's expertise spans the entire solar value chain, from module manufacturing to project development and energy services. Moreover, artificial intelligence is set to boost demand for solar and energy storage solutions in data centers. In Q1 FY24, revenue increased 45% year-over-year (YOY) to $794 million. Earnings per share (EPS) skyrocketed 456% YOY to $2.20 per share, with gross margins up sequentially. As the company ramps up manufacturing capacity in 2024, First Solar stock should certainly be kept on your radar. 2. NextEra Energy (NYSE:NEE) As the world's largest producer of wind and solar energy, NextEra is at the forefront of the clean energy transition. NextEra Energy's focus on innovation coupled with its strong financial performance, position it as a reliable investment choice… In the 2023 fiscal year…. revenue swelled 34% YOY to $28.11 billion, with EPS up 71% to $3.60 per share. They delivered extremely impressive results, amid inflation and higher interest rates. Its backlog also remains robust, as the company's subsidiaries, FPL & NextEra Energy Resources, deliver best in class services… Management has forecast 10% dividend growth through 2026. This makes NextEra Energy's stock one of the best renewable energy stocks to buy now. 3. ON Semiconductor (NASDAQ:ON) is a global leader in power management and sensing solutions, playing a critical role in the advancement of renewable energy technologies. The company's products are essential components in various renewable energy applications, from solar inverters, to electric vehicles and energy storage systems. ON Semiconductor is having a tough year in 2024. It is still up against the slump in the EV market, as well as the broader slowdown in renewable energy projects. However, this is only temporary, and they have an exciting long term growth trajectory ahead. ON Semi's powerful silicon carbide (SiC) platform appeals to a wide variety of industries. This includes automation, industrial, healthcare, and aerospace. ON Semi is laying the foundation for accelerated growth over the next decade.” End quotes. ------------------------------------------------------------- These Alternative Energy Stocks Are Poised for Takeoff Continuing on this renewable energy theme is this second article titled These Alternative Energy Stocks Are Poised for Takeoff. It's by Michael Lebowitz. It appeared on investing.com and offers his assessments of companies engaged in many aspects of the alternative energy sector. Here are some quotes from him. “1. Battery Diversification May Be Critical Global X Lithium & Battery Tech ETF (NYSE:LIT) is far and away the largest (of this sector's etfs), with nearly $1.5 billion AUM. While it invests in companies with new battery technology, it also ‘invests in the full lithium cycle, from mining and refining the metal, through battery production.' Its top three holdings are lithium producers. Amplify Lithium & Battery Technology ETF (NYSE:BATT) is the second largest ETF with a mere $89 million in AUM. Like Global X Lithium & Battery Tech ETF, they invest in lithium producers like BHP (BHP) and Albemarle (NYSE:ALB). If you want to make investments in individual companies, Tesla (NASDAQ:TSLA) (battery technologies), LG Chem (051910.KS) and Samsung SDI (006400.KS) are well-positioned in the industry. 2. Lithium Miners Assuming lithium remains a crucial component in electricity storage batteries, its miners should do well, especially given the recent decline in lithium prices and the related stocks. Albemarle (ALB) is the world's top lithium producer and the largest producer by market cap. It is the only lithium producer of size based in the US. Like the rest of the alternative energy sector, its stock has traded poorly recently. However, with a forward P/E of 16, there is value if its revenues continue upward at their recent pace. We caution you that lithium deposits are being actively explored. Assuming success, the lithium supply may limit the price appreciation of lithium. 3. Utility and Grid Operators Utilities will generate more power, thus increasing their revenue. However, they must invest significant capital to modernize, expand, and reduce greenhouse emissions. (Here are some companies the author comments on.) Dominion Energy (NYSE:D) in Virginia and Entergy (NYSE:ETR) in Texas are the two utility companies that may be the biggest beneficiaries of the growth of AI data centers. Both stocks have relatively low forward P/E's of approximately 14 and dividend yields of 4.25% for Dominion Energy and 5.50% for Entergy. It will be crucial to follow their margins to see how effectively they offset the expansion costs with rising revenue. Constellation Energy (CEG) and NextEra Energy (NYSE:NEE) are also worth tracking as they invest heavily in renewable energy infrastructure and will benefit from increased demand. We would add Duke (DUK) and Southern Company (NYSE:SO) to the list of companies to follow. 4. Technology and AI Firms Companies specializing in AI software for energy efficiency and management will find opportunities in this evolving landscape. Some of the more prominent names in this sector include IBM (NYSE:IBM), Google (NASDAQ:GOOGL), Microsoft (NASDAQ:MSFT), Oracle (NYSE:ORCL), and GE Vernova (NYSE:GEV). 5. Physical Plant Expansion Companies that supply utility plants with generators, transformers, circuit breakers, and switchboards, among many other parts, will undoubtedly benefit from power grid expansion. (These include.) GE Vernova, Eaton (NYSE:ETN), Quanta Services (NYSE:PWR), Emerson Electric (NYSE:EMR), and Siemens (ENR.DE). 6. Water/Cooling The average data center uses 300,000 gallons of water a day to cool its equipment. That is the equivalent of the water used by 100,000 homes. Therefore, companies that can develop cheap cooling solutions for data centers will be in high demand. (Companies so engaged include.) Vertiv Holdings (NYSE:VRT)… a leader in this segment. Its shares have risen tenfold since it went public in 2019 and now trades at a P/E of 100. It's a high-risk, high-reward stock, not for the faint of heart. 7. Infrastructure ETFs There are many other businesses set to profit from the coming infrastructure boom. Those looking for a diversified investment approach in the power grid may want to explore thematic ETFs. For example, the First Trust Clean Edge Smart Grid Infrastructure Fund (GRID) holds 103 positions. Beyond diversification and portfolio manager expertise, the fund can buy stocks in foreign markets, which many US investors do not have access to or are uncomfortable with. iShares U.S. Infrastructure ETF (IFRA) is a similar fund with a different basket of stocks and approach toward investing in the industry. The bottom line is we are confident the expansion and modernization of the power grid will be highly profitable for some companies… Diversification will prove to be essential for investors.” End quotes. ------------------------------------------------------------- MTB Named A Top Socially Responsible Dividend Stock Now many of you also like dividend-paying stocks, so I'm including this recent article on a socially responsible bank stock. It's titled MTB Named A Top Socially Responsible Dividend Stock by Just2Trade and found at j2t.com. Here are some brief quotes from the article. “M & T Bank Corp (Symbol: MTB) has been named a Top Socially Responsible Dividend Stock by Dividend Channel, signifying a stock with above-average ‘DividendRank' statistics including a strong 3.7% yield, as well as being recognized by prominent asset managers as being a socially responsible investment… According to the ETF Finder at ETF Channel, M & T Bank Corp is a member of the iShares USA ESG Select ETF (SUSA), making up 0.10% of the underlying holdings of the fund, which owns $4,322,259 worth of MTB shares. The annualized dividend paid by M & T Bank Corp is $5.4/share.” ------------------------------------------------------------- Top 10: Sustainable Banks On the subject of banks, I thought to share this article with you as I know many of you are interested in banking with a bank or banks that prioritize social responsibility, ESG, and sustainability issues. The article is titled Top 10: Sustainable Banks. It's by Charlie King and seen at sustainabilitymag.com. Now some brief quotes by Mr. King on his picks. “10. Nykredit Headquarters: Copenhagen, Denmark Founded in 1851 and based in Copenhagen, Nykredit is a customer-owned bank and Denmark's biggest lender with 35% market share. With ESG at the heart of its operations… Nykredit has made a special commitment to offer financial solutions in urban and rural districts alike at all times. On the environmental side, Nykredit was the first Danish systemically important financial institution (SIFI) to join the Science Based Targets initiative (SBTi), and announced tighter restrictions on financing gas and oil companies in 2023. 9. UOB (U11.SI) Headquarters: Singapore “It is our responsibility to build a sustainable future for generations to come,” says Wee Ee Cheong, CEO. 8. SpareBank 1 (B4M1.F) Headquarters: Oslo, Norway A collection of Norwegian banks, SpareBank 1 prides itself on its strong local ties. The alliance is built on the foundation of being local, committed and responsible social actors. “Climate change is increasingly affecting our world and making our future uncertain,” says Benedicte, CEO. 7. Banco Pichincha (BVL:BPICHC1) Headquarters: Quito, Ecuador South American company Banco Pichincha not only serves six countries in Latin America, but also works to preserve the country's heritage and promote art and culture. 6. The City Bank Limited (DSE:CITYBANK) Headquarters: Dhaka, Bangladesh Founded in 1983, City Bank serves more than 1.7 million customers. Governance and compliance is at the heart of City Bank's sustainability strategy, as it works to reduce risk for itself and its stakeholders. In 2022, City Bank joined the UN's Net-Zero Banking Alliance (NZBA) and has since been recognised for its sustainability by Bangladesh Bank, German Agency for International Cooperation (GIZ) and Global Finance for its sustainability. 5. TSKB (XIST: TSKB.E) Headquarters: Istanbul, Turkey Investment banking specialist Turkiye Sinai Kalkinma Bankasi (TSKB), or Turkey Industrial Development Bank, uses a sustainable banking model to provide a qualified contribution to climate and environmentally friendly investments, equal opportunities in employment and inclusive economic growth. 4. Amalgamated Bank (AMAL) Headquarters: New York, US Self-defined as ‘the bank for change-makers', Amalgamated Bank is committed to environmental and social responsibility and uses its funds to support sustainable organisations, progressive causes and social responsibility. 3. Triodos Bank It prides itself on publishing details of every organisation it finances on its website, so customers can see how their money is delivering positive change for people and the planet. In 2023, its €23.2bn (US$25.2bn) in assets were used to create social, environmental and cultural value in a transparent and sustainable way. 2. ProCredit Holding (ETR: PCZ) Headquarters: Frankfurt, Germany ProCredit Holding is part of ProCredit, an international group of development-oriented commercial banks dedicated to its ethical corporate mission. Aiming to drive forward the creation of transparent, inclusive financial sectors in developing countries and transition economies, ProCredit supports SMEs and has a strong focus on human ethics. 1. Vancity Headquarters: Vancouver, Canada Founded in 1946, Vancity is a Canadian financial co-operative that uses financial tools to stimulate social and environmental progress. Having achieved carbon neutrality in 2008, a first for a North American-based financial institution, it is now working towards net zero by 2040 – a slight sooner than many others.” End quotes. ------------------------------------------------------------- Honorable Mentions that time didn't allow me to cover here Title: Biodiversity Funds: Top Biodiversity Funds to Consider on sustainabletreasure.com. By sustainabletreasure. From Canada Title: Seven U.S. renewable energy stocks well-positioned to benefit from future rate cuts on theglobeandmail.com. Requires login though does show stock symbols of 3 of the 7 companies. By Christine Elegado. ------------------------------------------------------------- Ending Comment Well, these are my top news stories with their stock and fund tips -- for this podcast titled: “Renewable Energy and Sustainable Bank Stock Buys.” Now please click the like and subscribe buttons on Apple Podcasts, Google Podcasts, or wherever you download or listen to this podcast. That helps bring these podcasts to others like you. And please click the share buttons to share this podcast with your friends and family. Let's promote ethical and sustainable investing as a force for hope and prosperity in these deeply troubled times! Contact me if you have any questions. Thank you for listening. I'll talk to you next on June 28th. Bye for now. © 2024 Ron Robins, Investing for the Soul
So many operations in so little time. Occupy Wall Street was hijacked. Amalgamated Bank was the core of everything. Retaliation as a result of controlling the group. Very few people at the top give directions. Somehow, the plot got lost. Rather than expose the operation, people fell back. Ongoing battles are raging in the shadows. People who think they're smart get railroaded. When your back is against the wall, then true character shows. The film story is a good one. When dad used to work for the agency, sometimes things happened. So much occurring on that one day. Never try to mitigate a hopeless situation. Who got those sheriff's arrested? God, or a remote viewer, is always watching. Even if bad people have you in a box, you still need trust. How AI will be used to control us. It's already ruling things. Everything in moderation, like it or not. They are seeding it all now. The future will be block chain everything. States are starting to assert themselves. Lots of AG's want to gut the Fed. Everyone will want AI cities. It's a tightrope we;re walking. There is still one case in SCOTUS. When programs merge with humans, don't mess with them. Bergram, Bezos and Gates had a plan. Loving everyone comes with the territory. Compassion for all means being true to yourself. Authenticity is a noble goal. For each of us, an individual and spiritual life is truly worth living.
Join Jeff and Shannon for another explosive episode of The MG Show, where they expose the lies and corruption of the globalist elite and their puppet president, the "Elusive Presidential Jackass". They preview his State of the Union address and reveal the probable issues he will lie about tonight. They also have an exclusive report from Jesse Watters on the outrageous pork spending in the 460 BILLION dollar bill that the Democrats are trying to ram through Congress. You won't believe what they are wasting your hard-earned money on! Plus, they watch a video of Congressman Jim Jordan, who spoke in Congress and told them how the government and the banks are working together to silence and persecute the patriots who support the MAGA movement. They name Amalgamated Bank, which has been accused of discriminating against conservatives and freezing their accounts. They also take a trip down memory lane and revisit the shocking 1967 expose by Mike Wallace on the CIA and the Foundations, which revealed how these shadowy organizations use front companies and media outlets to manipulate and control the public opinion. You will see how this is still relevant today, as the mainstream media continues to lie and cover up the truth. And finally, a special segment with Bill Cooper, who speaks on the real history of Hitler and Germany, and how they were used as a scapegoat by the globalist cabal. They also expose the sinister connection between Laurel Canyon and the 60's counterculture movement, which was designed to destroy the moral fabric of America. Don't miss this episode of The MG Show, where Jeff and Shannon tell you the truth that they don't want you to hear.
What is a bank?What is a bank for?Can a bank fight evil and right wrongs?Or is a bank no more than a profit-seeking shark working for its investors?Or - both?For this BCR program we had a conversation about a little bank that could … that is, could make our lives better through responsible investments. We invited Ivan Frishberg -- Senior Vice President Chief Sustainability Officer of Amalgamated Bank – to 5Napkin Burger Bar and Restaurant to talk about how he is leading his bank and our world to a financial net zero.Rebecca McKean was out sick. I was joined by my good friend Paul Alan Ruben. Paul is an award-winning audio book director -- winner of two Grammy Awards for Best Spoken Word. And a published author.Alan WinsonCONTACT: barcrawlradio@gmail.com Hosted on Acast. See acast.com/privacy for more information.
In the second part of Banking For Good, we return to Kenneth L. Shropshire, Senior Advisor to the Dean for the Wharton Coalition for Equity and Opportunity, who finishes his discussion with Priscilla Sims Brown, president and CEO of Amalgamated Bank. Brown says banks can be a force for good in the community by flagging suspicious purchases like a card used to buy guns in multiple states.
To kick off the 6th annual Ideas We Should Steal Festival, Kenneth L. Shropshire, Senior Advisor to the Dean for the Wharton Coalition for Equity and Opportunity sits down with Priscilla Sims Brown, president and CEO of Amalgamated Bank. "People don't usually think of banks being a force for good," Brown says. Shropshire asks her what Amalgamated Bank is and how it differs from the run-of-the-mill banks we all know.
Bloomberg News Economy and Government Reporter Galit Altstein discusses how the nation of Israel has come together in preparing to destroy the Hamas military infrastructure in the Gaza Strip after the horrific attack that killed hundreds of Israelis. Priscilla Sims Brown, CEO of Amalgamated Bank, talks about socially responsible banking. And we Drive to the Close with Doug Ciocca, CEO at Kavar Capital. Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.See omnystudio.com/listener for privacy information.
Bloomberg News Economy and Government Reporter Galit Altstein discusses how the nation of Israel has come together in preparing to destroy the Hamas military infrastructure in the Gaza Strip after the horrific attack that killed hundreds of Israelis. Priscilla Sims Brown, CEO of Amalgamated Bank, talks about socially responsible banking. And we Drive to the Close with Doug Ciocca, CEO at Kavar Capital. Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.See omnystudio.com/listener for privacy information.
Just last month Amalgamated Bank celebrated a century of operation! To help us celebrate this milestone with them, Benn has Ivan Frishberg, Chief Sustainability Officer on the show to talk about different initiatives the bank has implemented over the last 100 years and where they are hoping to go next. Benn and Ivan cover just about everything from Climate Justice to LGBTQ+ Rights, Reproductive Rights to Voting Rights, and Racial Justice to Anti-Violence and Gun Safety and so much more. How does a bank do all this and still protect your investments? You are just going to have to tune in to learn more! April 14th, 2023 was Amalgamated Bank's official 100 Year's Celebration! Read the full story from their President and CEO, Priscilla Sims Brown here. You can also read Amalgamated Bank's Net Zero Climate Target's Report to dig deeper into the work they are doing in service of climate justice with science backed reduction and offsetting targets.Another organization mentioned in this episode is the WWF (World Wide Fund for Nature). WWF is an international non-governmental organization that aims to conserve nature and reduce the impact of human activity on the environment. The organization was founded in 1961 and operates in over 100 countries, with a mission to protect and restore the natural world for the benefit of people and wildlife.Dirigo Collective Website
In the latest episode of our special Women in Leadership series of the ESG Insider podcast, we're speaking with Priscilla Sims Brown, CEO of New York-based Amalgamated Bank — a company she describes as “a little bit unusual” in the financial services world in that it is a socially responsible bank focused on ESG and sustainability. Priscilla's path to the CEO role has spanned continents and industries — from growing up in an Ethiopian family in Germany to working in business journalism in California to holding an executive role at Australia's largest bank. She also tells us how her experiences working through crisis — from natural disasters to COVID-19 — have shaped her leadership style and her approach to diversity, equity and inclusion. “I'm not uncomfortable with discomfort,” she says. Priscilla explains how attitudes about leadership have evolved. “Often, you found women emulating men, you found women doing what was comfortable to men in the workplace in order to be accepted,” she said of her early career. “What's really nice today is that a lot of the women I see in the workplace are very comfortable dressing, acting, talking, thinking differently.” Diversity in leadership has received increasing attention in recent years from stakeholders in the sustainability world. Investors have pushed for diversity on company boards and management teams, and in some parts of the world, that push has extended to laws and regulations. But the number of women in top roles remains low. Read recent research from S&P Global on women in leadership here: https://www.spglobal.com/esg/insights/featured/special-editorial/women-ceos-leadership-for-a-diverse-future And here: https://www.spglobal.com/esg/insights/featured/special-editorial/the-path-to-gender-parity You can listen to previous episodes in our Women in Leadership series here: https://www.spglobal.com/esg/podcasts/women-in-leadership-no-horace-mann-ceo-is-not-working-the-coat-check Here: https://www.spglobal.com/esg/podcasts/women-in-leadership-seventh-generation-ceo-on-importance-of-being-radically-human- And here: https://www.spglobal.com/esg/podcasts/women-in-leadership-how-norwegian-industrial-ceo-puts-diversity-on-the-agenda We'd love to hear from you. To give us feedback on this episode or share ideas for future episodes, please contact hosts Lindsey Hall (lindsey.hall@spglobal.com) and Esther Whieldon (esther.whieldon@spglobal.com). Photo source: Amalgamated Bank Copyright ©2023 by S&P Global DISCLAIMER This piece was published by S&P Global Sustainable1, a part of S&P Global. By accessing this Podcast, I acknowledge that S&P GLOBAL makes no warranty, guarantee, or representation as to the accuracy or sufficiency of the information featured in this Podcast. The information, opinions, and recommendations presented in this Podcast are for general information only and any reliance on the information provided in this Podcast is done at your own risk. This Podcast should not be considered professional advice. Unless specifically stated otherwise, S&P GLOBAL does not endorse, approve, recommend, or certify any information, product, process, service, or organization presented or mentioned in this Podcast, and information from this Podcast should not be referenced in any way to imply such approval or endorsement. The third party materials or content of any third party site referenced in this Podcast do not necessarily reflect the opinions, standards or policies of S&P GLOBAL. S&P GLOBAL assumes no responsibility or liability for the accuracy or completeness of the content contained in third party materials or on third party sites referenced in this Podcast or the compliance with applicable laws of such materials and/or links referenced herein. Moreover, S&P GLOBAL makes no warranty that this Podcast, or the server that makes it available, is free of viruses, worms, or other elements or codes that manifest contaminating or destructive properties. S&P GLOBAL EXPRESSLY DISCLAIMS ANY AND ALL LIABILITY OR RESPONSIBILITY FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL OR OTHER DAMAGES ARISING OUT OF ANY INDIVIDUAL'S USE OF, REFERENCE TO, RELIANCE ON, OR INABILITY TO USE, THIS PODCAST OR THE INFORMATION PRESENTED IN THIS PODCAST.
Every day, the alphabet soup of climate and ESG-related NGOs seems to thicken. But their respective raisons d'etre can seem like a mystery for all but the closet of insiders. To help unravel the role of each of these organizations in the broader social movement and policy push for urgent climate action, Chad Reed speaks with Ivan Frishberg, the chief sustainability officer of Amalgamated Bank and a pioneer of climate collaboration for big banks and corporates. Given his historically central and successful role in driving industry collaboration on climate action, Ivan provides key insights into the current state of this evolving landscape, delves into the hot topic of divestment versus engagement, and discusses the merits and significance—or lack thereof—of the so-called ESG backlash. Links:Amalgamated Bank 2021 Corporate Social Responsibility ReportScience Based TargetsIvan Frishberg on TwitterEpisode recorded: December 19, 2022Email your feedback to Chad, Gil, and Hilary at climatepositive@hannonarmstrong.com or tweet them to @ClimatePosiPod.
The rapid advances and widespread acceptence of artificial intelligence makes it a powerful weapon. Rebooting the biological vessels. The arrogance of mankind shows results. Unfettered access to data contributes. The vast range of applications, including elections. MSM is all AI. Humans are the smallest portion. Early promises, refusing tech, and the need for paper ballots. The future means demise or reset. Finding your frequency. The big motivation of overseas intel. Hayden's diaper and Brennan's briefs. The new Burns era. Saudi deals and Ukraine's elections. The current CIA and the MSM narrative. Destroying the two party system. Amalgamated Bank and gun tracking. Political lending and the coverups. The four year cycle makes it perfect. Union dues and working for change. Real winners keep trying. We cannot wait for hero's so we must be our own. Learn more about your ad choices. Visit megaphone.fm/adchoices
This week, host Colbert speaks with Priscilla Sims Brown, the President and CEO of Amalgamated Bank, the largest – and one of the only – union-owned banks in the U.S. We hear how Priscilla is using her position to push forward socially responsible initiatives such as its recently approved petition to create a new merchant category code to better track gun and ammunition sales. She explains how doing good and doing well are not mutually exclusive and offers a look into how she's moved toward mission-focused work with every step of her career. We hear how Priscilla made her way into the financial industry through her insatiable curiosity as a young producer reporting on business. And she walks us through her varied experiences since making the leap into finance, including an 18-year stint at multiline insurance company Lincoln Financial Group and trying to start an annuities business during the Great Recession. Learn more about Priscilla's tenure at Amalgamated Bank here. Check out Colbert's Best Idea for this week, the 1984 film classic The Killing Floor directed by Bill Duke, here.
Climate Week wrapped up last week in New York City, and throughout the week, we heard about the systemic changes needed to combat climate change. In this episode of the ESG Insider podcast, we're bringing you key takeaways, highlights and interviews from our time on the ground. We hear from Global Head of Sustainable Investing at Natixis Investment Managers, Nathalie Wallace, about the role the investment community plays in combating climate change. Ivan Frishberg, Chief Sustainability Officer at New York-based Amalgamated Bank, talks to us about the growing sense of urgency around climate and the challenges of the current ESG landscape. And we interview Amy Hepburn, CEO of the Investor Leadership Network, which represents institutional investors with more than $10 trillion dollars in assets under management. She talks about the ‘3 Cs' needed to find solutions to climate change: collaboration, cooperation and creativity. "For a long time in this space, we have all operated in silos and echo chambers talking to like-minded actors: Investors talking to investors, [multilateral development banks] talking to MDBs, governments talking to governments," Amy says. "This issue is not going to be solved by any one of those sets of actors — it's only going to be solved in concert." You can read more of our key takeaways from Climate Week NYC here: https://www.spglobal.com/esg/insights/blog/5-questions-on-the-road-from-climate-week-to-cop27 We'd love to hear from you. To give us feedback on this episode or share ideas for future episodes, please contact hosts Lindsey Hall (lindsey.hall@spglobal.com) and Esther Whieldon (esther.whieldon@spglobal.com). DISCLAIMER By accessing this Podcast, I acknowledge that S&P GLOBAL makes no warranty, guarantee, or representation as to the accuracy or sufficiency of the information featured in this Podcast. The information, opinions, and recommendations presented in this Podcast are for general information only and any reliance on the information provided in this Podcast is done at your own risk. This Podcast should not be considered professional advice. Unless specifically stated otherwise, S&P GLOBAL does not endorse, approve, recommend, or certify any information, product, process, service, or organization presented or mentioned in this Podcast, and information from this Podcast should not be referenced in any way to imply such approval or endorsement. The third party materials or content of any third party site referenced in this Podcast do not necessarily reflect the opinions, standards or policies of S&P GLOBAL. S&P GLOBAL assumes no responsibility or liability for the accuracy or completeness of the content contained in third party materials or on third party sites referenced in this Podcast or the compliance with applicable laws of such materials and/or links referenced herein. Moreover, S&P GLOBAL makes no warranty that this Podcast, or the server that makes it available, is free of viruses, worms, or other elements or codes that manifest contaminating or destructive properties. S&P GLOBAL EXPRESSLY DISCLAIMS ANY AND ALL LIABILITY OR RESPONSIBILITY FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL OR OTHER DAMAGES ARISING OUT OF ANY INDIVIDUAL'S USE OF, REFERENCE TO, RELIANCE ON, OR INABILITY TO USE, THIS PODCAST OR THE INFORMATION PRESENTED IN THIS PODCAST.
77% mass shootings in America were committed with guns bought legally, the majority with credit cards. Four years ago in columns for The New York Times, Andrew Ross Sorkin suggested that credit card companies have the power to help spot dangerous patterns in U.S. firearms sales by categorizing gun purchases the same way retailers categorize transactions at hair salons, and movie theaters. Earlier this year Amalgamated Bank, a union-owned U.S. bank driven by social responsibility, proposed that financial institutions use a new merchant code specifically for guns; now, CEO Priscilla Sims Brown discusses the proposal's success and the decision from Mastercard and Visa to implement that code. Plus, President Biden is looking to curb U.S. chip shipments to China even further, and billionaire activist investor Dan Loeb has changed his mind about Disney–ESPN should stay. In this episode: Priscilla Sims Brown, @AmalgamatedBankBecky Quick @BeckyQuickJoe Kernen, @JoeSquawkAndrew Ross Sorkin, @andrewrsorkinKatie Kramer: @Kramer_Katie
The CEO of Amalgamated Bank looks to apply a merchant code in order to track firearm purchases.
The CEO of Amalgamated Bank looks to apply a merchant code in order to track firearm purchases.
Janice is joined by Priscilla Brown, President, Chief Executive Officer and Board Director of Amalgamated Bank, to discuss how Amalgamated supports sustainable organizations, progressive causes, and social justice through responsible banking. tags: LR, Lanice Ellig, Priscilla Brown, finance, bank, loan, social justice, reform, money, charity, activism, leadership
So many of the weak are tainted by these dark financial arts. The dirty 8. Allegations are flying. Gates land purchases portend what? This is why so much is happening. It feels all muddled. All the bankers know the money's gone. Evil cannot fathom organic grassroots movements. Some people do better with direction. Oil price indicators and base metal elements. Who's dumping ETF's? Covering for Amalgamated Bank. The unions have zero hard assets. JOB's choice of poison. The UBS records division and a bitch on point. With many, the inner demon is hidden. Stop waiting for a savior and get involved. Some things only God can do. Spelling is important and be careful with names. Some battle to maintain control, others are humble. Remember, the attacks President Trump endures are the result of a real war. The true patriot's objective is to return the country to the people. We must all be ready. Learn more about your ad choices. Visit megaphone.fm/adchoices
Stocks staged a strong rally to cap off a solid week of gains on Wall Street. Market experts JoAnne Feeney, Brian Jacobsen, and Dan Nathan weigh in on the pop, and if it's the start of a broader summer rally. Meantime shares of Carnival surged despite largely missing earnings estimates. CEO Arnold Donald joins to discuss Wall Street's reaction and the headwinds that remain for his industry. And the CEO of Amalgamated Bank breaks down her company's decision to cover travel expenses for employees seeking reproductive health care, following the Supreme Court's decision to overturn Roe v. Wade.
Tune in this week to hear from Felicia Manullang on what makes Amalgamated Bank different from other banks and how it shows hope for the banking world. Felicia shares what it means to bank your values, how Amalgamated creates a positive cycle with the funds deposited, and how it creates a more fair and equitable society. Get full show notes and more information here: https://ssfllp.com/rebooting-capitalism-podcast/#ep37
Priscilla Sims Brown, President & Chief Executive Officer of Amalgamated Bank, shared the story behind her title with us on May 8, 2022.Priscilla is a multi-national board director and C-suite executive with 30 years of financial services experience. Prior to joining Amalgamated Bank she was the Group Executive for Marketing and Corporate Affairs at Commonwealth Bank of Australia, where she focused on rebuilding trust and pride in the bank with direct responsibility for end-to-end marketing, branding, stakeholder insights, government and public affairs, and environment and social policy.Prior to Commonwealth Bank, Ms. Brown held senior positions at AXA Financial, Inc., Sun Life Financial, and Lincoln Financial Group. She has advised several digital startups and served as the Chief Executive Officer of Emerge.me, a digital health insurance broker.She was a member of the AXA Financial US Executive Committee, serving as Chief Marketing Officer (CMO), where she directed all aspects of US marketing and led global digital marketing initiatives. Prior to AXA Financial, Ms. Brown served as CMO at AmeriHealth/Caritas, where she developed a new go-to-market strategy for the largest Blue Cross/Blue Shield Medicaid company in response to the Affordable Care Act. At Sun Life, Ms. Brown served as CMO and Chief Strategist, where she negotiated and managed Sun Life Stadium naming rights, Pro Bowl, Super Bowl and other major events with the Miami Dolphins NFL football team.SUE SAYS"Priscilla did not grow up in what society would describe as traditional. She was left by her parents in the U. S. and adopted so that her mother could return to Ethiopia as the first woman to serve as a Senator there. Priscilla describes herself as having both the genetic makeup of her biological mother as well as the influences of her adopted mother. Both shaped her and led her down the path of social justice."Support this podcast at — https://redcircle.com/women-to-watch-r/donationsAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy
Keith Mestrich joins The Great Battlefield podcast to talk about his career in the union movement, serving as President of Amalgamated Bank and co-founding Percapita, where they are building a digital financial services platform to empower everyday people to realize their financial aspirations.
Crain's contributor David Manilow is back to talk with host Amy Guth about the recent Chicago Chefs Cook for Ukraine event. He shares highlights from conversations with chefs at the event. Plus: SEC to require climate-change risk disclosures under new plan, nearly 70% of paid medical debt could be wiped from credit reports, Chicago's Amalgamated Bank threatens NY namesake with lawsuit and Boeing jet's nosedive from 29,000 feet in China baffles crash specialists.
Securities and Environment Commission Yesterday the US Securities and Exchange Commission proposed a new set of rules requiring public companies to ma... proposed a new set of rulesthe 510-page proposalMichael BloombergBloomberg Newsthe Wall Street JournalFive Key Takeawayssummary fact sheet rather limited swaps disclosure rules the 13D rules talked little bit proxy advisersEverything is securities frauddissenting statement talked yesterday sometimes sayrefused to pay its bankers’ feewon here’s Warren Buffettthat filinglegally requiredthis Wall Street Journal article all fine now last week yesterday David Fickling argues Block Russian Metal proposed to amalgamate called off the amalgamationmight sue Amalgamated BankEco-Friendly All Russian Firmslocal bonds dropplane grabBanks Seize $2 Billionstake in Deutsche BankRemakes Board 1MDB DealGreg Smith up to Telling Winners They Were Losersplaying LollapaloozaFDA sayssubscribe at this linkhere
In this episode of Catalyst, we are celebrating the upcoming graduation of the 100th student from the Executive Doctorate in Business Administration (DBA) program as well as Women's History Month by interviewing three DBA alumnae who are changing perspectives on business, inclusion and culture. Jodi Detjen, DBA '21, associate professor of practice and academic director of the MBA program at Suffolk University, shares her findings on the barriers to women's leadership acquisition. Sherry Williams, DBA '19 and chief risk officer at Amalgamated Bank, shares how people choose a financial service provider and how that choice can help close the financial inclusion gap. Finally, Maggie Jordan, DBA '18, vice president of marketing operations at MNG Health and founder and CEO of LAIR Entertainment, shares her insights into what people's approaches to video game character design mean for the metaverse. Find out more details at www.fox.temple.edu/catalyst. Key Links Jodi Detjen, DBA '21, Sherry Williams, DBA '19, CPA Maggie Jordan, DBA '18 Fox Executive DBA Program ----- Follow us on Facebook LinkedIn Twitter Instagram ----- Subscribe to our newsletter.
Crain's reporter John Pletz talks with host Amy Guth about how Russia's attack on Ukraine may affect airlines' pandemic recovery. Plus: Sidley Austin drops Russian bank client slapped with sanctions; Dom's casts 'a dark shadow on independent grocers,' rival CEO says; sale of Amalgamated Bank craters; and big names fund Hyde Park Art Center's new direction
Today's program is about an unusual bank, so be prepared to expand your understanding of the role banks can play in growing sustainable investing. In fact, Amalgamated has been providing Socially Responsible banking and investment to the public for almost 100 years. It was founded by the Amalgamated Clothing and Textile Workers Union Amalgamated for those traditionally excluded from the banking system. And as of 2021 Amalgamated has $57 billion in custody and investment assets under management. On the program today I'm talking with Cynthia Dalagelis, SVP and Director of ESG Investments at Amalgamated Bank, about their ESG Responsifunds partnership with Invesco to offer a suite of funds that are leaders in social equity, gender equality and climate change. And we also talk about how Amalgamated is working to address the world's most urgent challenges and bring about systemic long term change.
In this episode of The Corporate Director Podcast, Sherry Williams, Chief Audit Executive, and Don Bouffard, Audit Committee Chair at Amalgamated Bank give us insight into how internal audit can serve as an important link between business operations and strategy.
ASBN's NEXT Economy Showcase is an opportunity to hear from high-impact, innovative businesses and investment solutions to building an economy that works for all. From early stage companies, to innovative funds, and more, the NEXT Economy Showcase features 11 investable opportunities that can accelerate our shared work towards creating a sustainable economy that is stakeholder-driven, regenerative, just, and prosperous .Presenters:1. Amalgamated Bank 2. Black Farmer Fund 3. Potlikker Capital 4. Brown Venture Group 5. Mission-Driven Finance 6. Uhusiano Capital 7. RSF Social Finance 8. Opportunity Main Street 9. SmokeFire Media 10. Angels of Impact 11. Downtown Crenshaw In this episode, you will also hear from the following ASBN investor-led initiatives:Restorative InvestingMain Street Lending: CDFIs & Community BanksTransforming Ownership for Social Justice
“I don't think we talk enough about how money is a tool for and against the movement…” In this juicy conversation about money, Michelle talks with the very quotable Phillip Chavira, about why Capitalism is trash, where white supremacy shows up, why we need to talk openly about racism and where we have power to make decisions that center our communities and our values. You are going to love this conversation!In this episode, Michelle talks with Phillip Chavira, an award-winning non-profit leader based in the Bay Area of Northern California where he currently is a finance director of Point Reyes National Seashore Association in beautiful West Marin County.This highly quotable, lifelong advocate for all the things we love, Phillip Chavira can be followed on Instagram @phillipchavira Connect with Phillip on Instagram @phillipchavira and LinkedIn linkedin.com/in/phillipchaviraPhillip can be heard on TheUpNUp where he shares his journey to becoming the first person of color to be an Executive Director for the 'Intiman Theatre'(@intimantheatre). From witnessing the inequalities within the arts early on in life to working his way up to co-producing the Tony Award nominated Broadway play ‘Eclipsed'. Check out “Keep c o l o r on stage”Learn more about Point Reyes National Seashore Association's work with the National Park Service and working with local Bay Area nonprofit organizations focused on community building and mentorship primarily in Black, Indigenous, People of Color (BIPOC) and low-income communities. https://ptreyes.org/youth-in-parks/References:Phillip mentions Vu Le and his blog Nonprofitaf.com as a useful resource and recommends using consultants to help navigate difficult conversations within staff, (including Michelle!)Here is a list Phillip created, of things an organization can do to start their journeyMichelle lists Beneficial State Bank and Amalgamated Bank as two socially responsible banks with social justice related missions…Check out The Ethical Rainmaker interview with Heather Infantry, as an example of a badass advocate talking with community foundations about their payouts and inequityPhillip mentions The Pride Foundation in Seattle as an example of spending down reserves and becoming share holders of local organizations (around minute 24)Spend-down organization aka Sunsetting = When a foundation decides to spend out or spend down all of its assets and close its doors. There is usually a date associated with this term. (see The Chorus Foundation and their plans to sunset)POSE is the show Phillip talks about Phillip mentions Vu Le and his blog Nonprofitaf.com as a useful resource and recommends using We talk about Northwest Immigrant Rights Project as an example of an organization that can never close its doors due to systemic injustice, while other nonprofits canStats Dropped:60% of wealth in the US is passed on generationally, mentions Phillipbetween 1983 and 2013, White households saw their wealth increase by 14%, and during that exact same time, Black households' wealth declined 75%, and then Hispanic households from a median perspective, that wealth declined by half.In 2000, the Federal Reserve stopped collecting information on reservations with indigenous houses!“One of the scary things I think about with this racial wealth inequality is that if it remains unresolved, if we keep going at this pace, this trend is going to lead to the median household wealth for Black folks in the year 2053 to be zero. We could potentially see that. Then in 2073, it's projected that LatinX households will be at zero for median household wealth. This comes from the Institute for Policy Studies that utilizes the information from the Federal Reserve.”86% of billionaires since the pandemic are now $5.1 trillion dollars richer while 76 million people lost their jobs.Phillip Recommends These Resources on Race and MoneyThe Racial Wealth Gap from The BalanceThe Native Wealth Gap by The National Indian Council on Aging, Inc.Bernie Sanders' TwitterBrilliant Quotes:“Capitalism is just trash. The way that it has evolved over time and how just had it disproportionately affected people a lot by race, it infuriates me and it torments me as I study capitalism. You mentioned the education, and I like that you put that footnote in there...I want to take that and put that on my business card because centering around dollars, I feel that when a human does that, they can exploit others at a cost. There's always a cost you gain in that dollar. That dollar was received from your family and it was passed on and how did your family ethically received those dollars, how are organizations making high profits off the backs of Black and Brown people around this world.” “I think that what drives me crazy about the fact that we hide from our finances, I do this in our family, I see it in our family, I see it in organizations, I've had executives tell me, "Well, I don't really look at the spreadsheets, I'm told the numbers," and as somebody who looks at the numbers every day, I'm like, "There's so much room for change." “...people said make as much money as you possibly can, pay as little as you can, get as much money as the consumers are willing to pay, and it just was driven into a generation where they think that money equates love, money equates success, money equates fame. That's one of the biggest lies that I feel has been applied through entertainment, it has been applied through social media. There's documentaries about how social media has affected us, so this belief that money is going to save the day, is a fallacy. I think that this divide that is going to continue to happen is terrifying and we have to do something about it.”
Crain's residential real estate reporter Dennis Rodkin talks with host Amy Guth about news around the local housing market, including home price records, Frank Lloyd Wright houses and properties on Lake Michigan. Plus: Ryan family gifts Northwestern $480 million, Amalgamated Bank of Chicago sells, worker turnover becoming a plague for employers and O'Hare comes in last in J.D. Power survey.
It is conventional wisdom that big incumbent businesses love regulation. The more complicated and expensive big-bank regulation is, the harder it will... put itgot in trouble at Harvardterrible subway adsworking out so poorly for them throw it away without reading it Bloomberg News reportsthe Coinbase storyinterview from last weekhighly confidenthere you go a party at the Waverly Innhas createdthe videos used to say interesting financial-engineering promise burning works of artgetting their NFTs stolen this is how you do business nowtweetthan thisFifth Third BankAmalgamated BankAmalgamated Bank Coupon Plan Yuan Bond Interestrestructuring look likeRegulatory Stormforever CEOAntitrust SuitSteven Mnuchin’s Crashed to $5,402 in Error CurveGlobalSpread Mental-Health Problemswhere they saved their filestailsubscribe at this linkherehere is a story talked about those rules before
In this episode, the first in our miniseries on climate finance, we speak with Ivan Frishberg, James Vaccaro, and Marilyn Waite about the banking sector and what it would take to scale its ambition and impact on helping to stem climate change.We discuss:· Incentives for banks to keep financing fossil fuels industry· How banks can motivate their clients to improve climate performance· The existential crisis the sector faces over the next decade· Measuring the alignment of banks' portfolios with climate goals· How to get banks to say when they will divest from fossil fuels· What shareholders and investors are doing to motivate banks to pursue climate goals· How regulators enable long term harmful behavior such as the expansion of fossil fuel infrastructureIvan Frishberg is the Director of Impact Policy for Amalgamated Bank, the U.S.'s largest B Corp bank and a member of the Global Alliance for Banking on Values. Ivan leads Amalgamated's impact efforts by spearheading and proactively engaging in strategic initiatives at the bank, such as carbon and climate commitments.James Vaccaro is the director of Re:Pattern, which works to catalyze business transformation and business-model innovation in service of positive social impact. James is a strategist and systems thinker with a background in sustainable finance. He acts as a Special Advisor to Triodos Bank. As part of a former strategy role there, he designed and facilitated learning, development, strategy and innovation programs to accelerate progress in sustainability sectors across Europe.Marilyn Waite is a Program Officer in Environment at the William and Flora Hewlett Foundation. Marilyn manages the foundation's grant-making on climate and clean-energy finance with the ambitious goal of addressing climate change by accelerating the transition to a climate-friendly economy. Her grant-making mobilizes private capital investments in low-carbon and climate-friendly energy infrastructure and systems, seeking to redirect finance from high- to low-carbon activities and encourage wiser energy investments.
In this episode, the first in our miniseries on climate finance, we speak with Ivan Frishberg, James Vaccaro, and Marilyn Waite about the banking sector and what it would take to scale its ambition and impact on helping to stem climate change.We discuss:· Incentives for banks to keep financing fossil fuels industry· How banks can motivate their clients to improve climate performance· The existential crisis the sector faces over the next decade· Measuring the alignment of banks’ portfolios with climate goals· How to get banks to say when they will divest from fossil fuels· What shareholders and investors are doing to motivate banks to pursue climate goals· How regulators enable long term harmful behavior such as the expansion of fossil fuel infrastructureIvan Frishberg is the Director of Impact Policy for Amalgamated Bank, the U.S.’s largest B Corp bank and a member of the Global Alliance for Banking on Values. Ivan leads Amalgamated’s impact efforts by spearheading and proactively engaging in strategic initiatives at the bank, such as carbon and climate commitments.James Vaccaro is the director of Re:Pattern, which works to catalyze business transformation and business-model innovation in service of positive social impact. James is a strategist and systems thinker with a background in sustainable finance. He acts as a Special Advisor to Triodos Bank. As part of a former strategy role there, he designed and facilitated learning, development, strategy and innovation programs to accelerate progress in sustainability sectors across Europe.Marilyn Waite is a Program Officer in Environment at the William and Flora Hewlett Foundation. Marilyn manages the foundation’s grant-making on climate and clean-energy finance with the ambitious goal of addressing climate change by accelerating the transition to a climate-friendly economy. Her grant-making mobilizes private capital investments in low-carbon and climate-friendly energy infrastructure and systems, seeking to redirect finance from high- to low-carbon activities and encourage wiser energy investments.
The CommonPod Queens Podcast has a Special Series, working with the Commonpoint Queens Ladders for Leaders (L4L) youth employment program! Throughout the Internships with Impact Podcast, we will be discussing the experiences of the ambitious students who participated in our program and the amazing employers we have partnered with. For the second episode of Internships with Impact, we interviewed Zakia Abraham. Zakia is currently a part-time job placement assistant with the Ladders for Leaders team and works for Amalgamated Bank in their compliance department. Prior to joining our team, Zakia participated in the program twice! Her first internship placement was at the law office of Cleary Gottlieb Steen & Hamilton LLP and her second placement was at Amalgamated Bank, where she has continued to work since 2019. A self-motivated individual, Zakia's short term post graduate plan is to work full time while receiving her MBA. Once she has completed graduate school, her long term goal is to attend law school and become a corporate attorney. Listen along as we discuss how important it is to explore various career opportunities through different internships, to take risks and to pay it forward.
August 4, 2020 Learn how the District is integrating equity into economic development opportunities and for information on real estate project solicitations. Download the August 4 Presentation Contributors: John Falcicchio, Acting Deputy Mayor, DMPED Kenyan McDuffie, Ward 5 Councilmember, Chairman of the Committee on Business Development and Economic Development Sarosh Olpadwala, Director of Real Estate, DMPED Carisa Stanley, First VP of Commercial Real Estate, Amalgamated Bank and President of the African American Real Estate Professionals (AAREP) Video: https://www.youtube.com/watch?v=821TAjKawbU --- For more info, visit https://coronavirus.dc.gov/recovery-business Connect with Mayor Bowser on Social Media: Follow Mayor Bowser on Facebook: http://bit.ly/2mnwZmZ Follow Mayor Bowser on Twitter: http://bit.ly/2mlFrD8 Follow Mayor Bowser on Instagram: http://bit.ly/2mfkKIP
Start of interview [1:38]Rick's "origin story" [1:55]His "traditional" corporate law practice for 25 years with Morris Nichols in Delaware ("the core of our advice followed two simple rules: shareholders get to elect the directors, and directors run the company for the benefit of those shareholders... all the rest is commentary") [3:45]How his focus changed in 2010 with B Lab's effort to push legislation in DE on benefit corporations [5:45]How B Lab's benefit corporations proposal differed from "constituency statutes" [07:50]Three sets of cases worth thinking about: 1) Pre-constituency statutes (shareholder primacy); 2) Constituency statutes ("it's a may, not a shall"); 3) Benefit corporations (only one case has been filed, in Virginia, and it quickly settled) [10:41]The first benefit corporation statute was enacted in Maryland in 2010 [12:59]B Lab's push in Delaware, and how Rick joined B Lab. Some influence from Lynn Stout's "The Shareholder Value Myth." [13:50]Although originally shunned by VCs, public benefit corporations incorporated in Delaware have raised ~$2.5bn between 2013 and 2019 per a recent study (based on 275 early-stage financings). Per Rick, total US fundraising by benefit corporations is in the order of $4 billion. [15:54]Evolution of legal structures for benefit corporations, expanding the BJR: B Lab's proposed MBCL, PBCs in Delaware, ABA version, British Columbia, etc.) [17:55]Accounting for social value "what gets measured, gets managed": SASB (sustainability metrics), GRI Standards, B Impact Assessment (score and certification). Pressure on the SEC and EU's metrics [26:16]Distinguishing benefit corporations (generic term, ~10,000 companies around the world), public benefit corporations (Delaware form, ~2,000 companies) and B-corps (certification by B Lab, ~3,500 internationally, of which only ~300 are benefit corporations). Danone's conversion to "Entreprise à Mission." [29:57]Traditional VC investors are investing in benefit corporations (not only impact investors) [34:20]Benefit corporations in public markets (3 IPOs, 3 conversions): Laureate Education (2017), Lemonade (2020), Vital Farms (2020). Brazil's Natura (certified B Corp) acquisition of Avon (2019), Danone and Amalgamated Bank [36:22]How does Rick respond to criticism of the benefit corporation model and the need to get support from institutional investors to succeed [40:43]How to reconcile the current debate of the purpose of the corporation, plus ESG trends, with the benefit corporation movement [45:51]The focus of Rick's new project The Shareholder Commons (2019), with initial funding from the Ford Foundation. "We want to change the paradigm for institutional investors (through advocacy, guardrails, policy and litigation)" [50:03]His book "Benefit Corporation Law & Governance: Pursuing Profit with Purpose." (2017) [56:41]His favorite books: [58:36]The Mind's I (Douglas Hofstadter and Daniel C. Dennett)Wherever You Go, There You Are (Jon Kabat-Zinn)Morality, Competition and the Firm (Joseph Heath)His mentors: [01:01:07]John Johnston (Former partner at Morris Nichols)Lewis Black (Former partner at Morris Nichols)His favorite quote: [1:02:54]"No effort is wasted""Strategy is what you don't do"Music/Soundtrack (found via Free Music Archive): Seeing The Future by Dexter Britain is licensed under a Attribution-Noncommercial-Share Alike 3.0 United States License
On Wednesday, January 22, Business Forward Foundation welcomed Ivan Frishberg, director of impact policy for Amalgamated Bank, and Gregg Gelzinis, senior policy analyst at the Center for American Progress, for a briefing on sustainable banking. They discussed new commitments from leading banks to disclose their climate change risk and the carbon emissions they finance; the impact this new disclosure could have on renewable energy investment; and, how new regulations could speed this process.
Last week 175,000 people from165 countries make their annual trip to the Consumer Electronics Show (CES). Over 4,500 global companies and tech startups showcased new and innovative tech. The media desperately searched for the best ideas hidden inside 2.9 million net square feet of exhibition space. After following the news online, I was a little disheartened around new tech that didn't seem to solve any real problems. Samsung's Ballie is a tennis ball-like robot that beeps and rolls around following its owner and captures special moments. But this seemed at odds with our new privacy-aware state, With the increasing awareness around climate change, I found myself wondering if Charmin's Bluetooth-controlled robot bear that brings its owner a spare toilet roll is the best use of our resources? But rather than turn into just another bitter tech columnist, I went in search of a more positive and optimistic view. Over at Finn Partners, they have a talented mix of researchers, strategists, designers, technologists, content specialists, and campaigners. With over 800 people across three continents, I knew they would have someone that attends CES every year that could talk about the trends they have seen over the years and what stood out at this year's event. Barry Reicherter is a senior partner at Finn Partners and has a passion for Digital Insights and Ideas. The Digital transformation and innovation leader joins me on Tech Talks Daily to discuss what he saw at CES. We also discuss the conversations he was monitoring online and those he heard on the show floor. With more than 20 years of experience in digital marketing, Barry leads Finn Partners' Insights team focusing on online and social media research, analytics, planning, and measurement for clients operating in consumer, healthcare, education, government, public affairs, travel, and technology sectors. Holding positions at AOL, Porter Novelli, Active.com, Sage Software, Widmeyer Communications and Finn Partners, Barry's body of work has been focused in the digital strategy and measurement for clients such as Hyundai, CapitalOne, American Express, Amalgamated Bank of Chicago, American Express, Blue Cross Blue Shield, Steelcase, Rosetta Stone, HP, Nestlé, Pfizer, Chase, Pearson, the U.S. Internal Revenue Service, and Reed-Elsevier. Barry is also a frequent speaker-panelist at industry conferences. Recently Barry joined the faculty of the Kogod School of Business at American University as an adjunct professor of digital branding for the M.B.A. program.
In this episode, Tom interviews Amalgamated Bank’s CEO, Keith Mestrich, to explore what embracing a stakeholder-first business model really means. Meet a leader and a bank who walk the talk; using business as a force for good.
Is Amalgamated Bank the new BCCI? by Tore Learn more about your ad choices. Visit megaphone.fm/adchoices
Michael Cohen is singing like a bird... a jailbird perhaps! He spoke to ABC and made it very clear that Donald Trump directed him to commit multiple crimes. Can Trump survive? We talk to Keith Mestrich from Amalgamated Bank, Ryan Reilly from HuffPost and Rebekah Entralgo from ThinkProgress!
This week, Imperva to acquire DevOps security leader prevoty, Carbon Black announces second quarter results, Sophos group upgraded to add at Numis Securities, Tenable jumps 31% by end of trading day at IPO, and Amalgamated Bank has $1.44 million holdings in CA, Inc. Full Show Notes: https://wiki.securityweekly.com/BSWEpisode94 Visit http://securityweekly.com/category/ssw for all the latest episodes!
This week, Imperva to acquire DevOps security leader prevoty, Carbon Black announces second quarter results, Sophos group upgraded to add at Numis Securities, Tenable jumps 31% by end of trading day at IPO, and Amalgamated Bank has $1.44 million holdings in CA, Inc. Full Show Notes: https://wiki.securityweekly.com/BSWEpisode94 Visit http://securityweekly.com/category/ssw for all the latest episodes!
Ralph dissects how your boss makes 500 times more than you do with Steven Clifford, author of The CEO Pay Machine: How it Trashes America and How to Stop It. And the President of the progressive Amalgamated Bank, Ken Mestrich, joins us to discuss why small banks like his are where you should putting your money. Plus, David, Steve and Ralph talk about the late great comedian, Dick Gregory.
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Keith Mestrich, CEO of Amalgamated Bank, does not have the traditional rap sheet of your typical bank exec - he came from the worlds of organized labor and community organizing. Amalgamated is a small, privately-held bank, and are among the most radical financial institutions in the United States – they’re not shy about pursuing their agenda of social progressivism and untraditional transparency. They're in an interesting position at this point in history – their small size and private ownership means they’re much nimbler than the big banks, but they also carry with them nearly a century of legacy that they’re trying to figure out how to use in a way that propels them forward, rather than weighs them down, into this increasingly virtual and digital financial era.
Bill Press welcomes Keith Mestrich, Zach Carter, & Vann R. Newkirk II to discuss Congressional Democrats' pledge to skip the inauguration following Donald Trump's attack on John Lewis, the state of the economy as President Obama leaves office, Democrats buckling at the knees of big pharma, & the hurdles Republicans face in replacing Obamacare - all the big highlights from this Monday edition of the Bill Press Show!
A bank founded by a garment workers union, and a global ice cream company founded by a couple of hippies from Brooklyn. Keith Mestrich, President & CEO of Amalgamated Bank, talks about running a big bank with a social justice mission. Ben Cohen and Jerry Greenfield of Ben and Jerry's Ice Cream talk about Bernie Sanders and progressive business principles - do they exist? Later in the show, Laura comments on the rise of automation - is it the end of human connection?
Nathan, Mike, and Mahler talk about the yuan, things that go boom, the Arctic, sex with soldiers, migration, no-fly lists, Chelsea's expired tube of toothpaste, drones in the way, Oath Keepers, Amalgamated Bank, tortured psychologists, and Satan's holiday.
RadLax Gateway Hotel, LLC v. Amalgamated Bank | 04/23/12 | Docket #: 11-166
A case in which the Court held that a company could not obtain confirmation of a Chapter 11 bankruptcy plan that provided for the sale of its assets free from lien without permitting a bank to credit-bid at the sale.
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