New Resource Bank

Commercial Banking: Business & Nonprofit Banking; B Corp Banking

San Francisco, California

United States

About New Resource Bank

New Resource Bank, a part of Amalgamated Bank, is a triple-bottom-line bank serving values-driven businesses and nonprofits that are building a more sustainable world.

Our ultimate goal is to transform what it means to do, “business as usual.” Becoming a B Corporation brings that goal closer to reality. Joining this community gives us access to best practices and new ideas we can share with our stakeholders, and it provides respected third-party verification that we meet the highest social and environmental standards.​

The Change We Seek®

New Resource Bank is the bank for businesses and organizations building a better world. They advance sustainability with everything they do: the loans they make, the way they operate and their commitment to using deposits for good. Their deep expertise and powerful network of values-driven companies and organizations, they work to transform banking and create a better world.

By using banking to promote well-being for all people and the planet, New Resource Bank aims to have an impact in four key areas:

  • Environmental protection
  • Health & wellness
  • Education & community empowerment
  • Sustainable commerce

They are committed to lending to socially and environmentally responsible businesses as well as nonprofits that are advancing sustainability. New Resource Bank has helped award-winning organic food companies satisfy growing demand, innovative solar providers installing small scale commercial solar systems in communities, farms that are converting their waste to energy through biogas systems and green builders using energy efficiency and other practices of resource conservation to construct offices, hotels and apartments. By partnering with innovative, sustainable businesses and nonprofits, together we can build a better world.

Acting on their credo—“rethink, rebuild, renew”—New Resource Bank seeks to model sustainability with their LEED Gold–rated headquarters, ongoing initiatives to reduce their resource consumption, community contributions and programs that educate and engage customers. Their employees are passionate about their mission. Their Sustainability Engagement Program, which all employees participate in, is the epicenter of employee learning about sustainability. The Green Team created their environmental policy and their sustainability challenge to challenge everyone to think and act sustainably in their internal practices and at home.

What makes us a better company?

B Impact Report

Certified since: 

June 2010

Company Score

Median Score*



The Environment section of the Assessment evaluates a company's environmental performance through its facilities; materials, resource, and energy use; and emissions. Where applicable, it also considers a company's transportation/distribution channels and environmental impact of its supply chain. This section also measures whether a company's products or services are designed to solve an environmental issue, including products that aid in the provision of renewable energy, conserve resources, reduce waste, promote land/wildlife conservation, prevent toxic/hazardous substance or pollution, or educate, measure, or consult to solve environmental problems.



The Worker section of the survey assesses the company's relationship with its workforce. This section measures how the company treats its workers through compensation, benefits, training, and ownership opportunities provided to workers. It also focuses on the overall work environment within the company through management/worker communication, job flexibility and corporate culture, and worker health and safety practices.



The Customers section of the Assessment measures the impact a company has on its customers. The section focuses on whether a company sells products or services that promote public benefit, and if those products/services are targeted towards serving underserved populations. Questions in this section will measure whether a company's product or service is designed to solve a social or environmental issue (e.g. improves health, preserves environment or creates economic opportunity to individuals or communities, promotes the arts/sciences, or increases the flow of capital to purpose-driven enterprises).



The Community section of the survey assesses a company's impact on its community. The Community section evaluates a company's supplier relations, diversity, and involvement in the local community. The section also measures the company's practices and policies around community service and charitable giving. In addition, this section includes if a company's product or service is designed to solve a social issue, including access to basic services, health, education, economic opportunity, arts, and increasing the flow of capital to purpose-driven enterprises.



The Governance section of the Assessment evaluates a company's accountability and transparency. The section focuses on the company's mission, stakeholder engagement, and overall transparency of the company's practices and policies.

Overall B Score

80 out of 200 is eligible for certification

*Of all businesses that have completed the B Impact Assessment

*Median scores will not add up to overall

view full reports »

Company Highlights: 

Consumers: >75% of loans support sustainable businesses; Solar CD's support renewable energy projects

Employees: >50% employees share ownership in the company; 100% employees paid a living wage; >80% health insurance premiums covered; Offers 6+ weeks maternity leave

Environment: LEED certified offices offset 100% energy used; Offers incentives to employees to encouarge low-impact commutes; Conducts an annual carbon inventory; >50% office supplies recycled materials; >75% of print materials use recycled/FSC certified paper

Community: >60% suppliers are local and independent; Organizes company-wide community service days

2014 Best for the World Overall Honoree


B Lab FAQs

Blogs / Feeds

• Linked In Go»
• Perspectives: Should Banking be a Force for Sustainability? Go»


• Company New Page Go»
• One of America's greenest banks, Bank Technology News Go»
Time magazine profiles founder Peter Liu Go»
• NY Times 'Amid Wall Street Protests, Smaller Banks Gain Favor' Go»