To learn more about American Express approach to corporate responsibility and ESG, visit https://amex.co/ESG. 2021e 2021 Express December 17, 2021 December 3, 2021 November 12, 2021 [] March 14, 2023 Read More 1300 I Street NW Suite 1200 East Washington, DC Moving to Net Zero: Building on its standing as a CarbonNeutral company powered by 100% renewable electricity across its global operations. Enhancing Climate-Related Disclosures and Risk Management: To help manage climate-related risks, American Express became a formal supporter of the Task Force on Climate-Related Financial Disclosures (TCFD) and incorporated ESG risk into the companys Enterprise Risk Management framework. It was conducted anonymously on November 28, 2021. This release includes forward-looking statements, which are subject to risks and uncertainties. Operations include all our managed facilities, field sites, and data centres, Achieve green building certifications for 60% of our operations by 2025, - As of year-end 2021, approximately 56% of operations have achieved green building certifications, Reduce water use from our managed facilities by 10% per colleague compared to a 2019 baseline by 2025, - Due to COVID-19 affecting the implementation practices towards achieving this goal, AMEX is temporarily suspending reporting on this goal and is currently reviewing the methodologies, Provide at least $10 million to support initiatives, partnerships, and programs that address the adverse effects of climate change and pollution on communities from 2021 through 2025, - New partnerships announced in 2022 with American Forests, C40 Cities, National Park Foundation, and Earthwatch Institute, to fund projects and initiatives to support nature-based solutions and sustainability efforts in local communities, particularly in urban areas, Achieve zero waste certification for US headquarters (reach 90% waste diversion from landfills), - In 2021, 32% waste diverted from landfills at US headquarters, Reduce waste generated from our managed facilities by 10% per colleague compared to a 2019 baseline by 2025, Divert 60% of office waste generated from our managed facilities away from landfills by 2025, - In 2021, 54% of office waste generated was diverted from landfills, but there is no mention about how it was diverted, Eliminate single-use plastics across our operations by 2025, Source 100% of our direct marketing, customer communications, and office paper from certified responsibly managed forests by 2025, The vast majority of plastic cards issued by AMEX to be made from at least 70% recycled or reclaimed plastic by the end of 2024, - In summer 2021, launched first card made from recycled PVC in Canada In 2022, announced that France will become the first market to shift to recycled plastic for almost all of plastic cards, Maintain 100% pay equity across genders globally and across races and ethnicities in the US, - Median pay for women globally at AMEX was 106.7% of the median pay for men, $4 billion to spend toward DE&I initiatives (including underrepresented-owned suppliers), - Through initiatives such as Blueprint, Backing BIPOC Businesses, designed to support the advancement of Black, Indigenous, or People of Color (BIPOC) business owners in Canada, 100 small businesses owners received support, Double annual spend with underrepresented-owned suppliers in the US from a 2019 baseline to $750 million by the end of 2024, - In 2021, introduced more than 65 new underrepresented owned suppliers and in 2022 started working with select suppliers to begin tracking diverse supplier spend within their own supply chains, Increase spend with Black-owned suppliers to at least $100 million annually, Support small businesses, by reaching $100 billion in spending by consumers at small, independently-owned retailers or restaurants on Small Business Saturday and during other Shop Small campaigns from 2021 through 2025, - $23.3B in reported spending by US consumers on Small Business Saturday in 2021 including independent retailers and restaurants, Provide $50M in grants by 2024 to nonprofits focused on addressing From steamboat commutes and handwritten transactions to todays innovation-led company, we look at how American Express has evolved to meet the needs of its customers, colleagues, and communities. Supplemental Environmental, Social and Governance Reports AEPs Climate Impact Analysis Report - A TCFD Report (March 2021) 2022 GRI Report 2022 SASB American Express undertakes no obligation to update or revise the information to reflect subsequent developments, new facts, or for any other reason after the date on which such information is issued. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. 4 Estimated spend based on data collected from 4000 UK adults polled by Opinium between 5pm on Saturday 4 December 2021 and 10pm on Sunday 5 December 2021. Supporting Small Businesses: American Express aims to drive $100 billion in consumer spending at small, independently owned retailers or restaurants on Small By continuing to use this site, you agree to our use of cookies. The survey has an overall margin of error of +/- 2.0%, at the 95% level of confidence. WebThe Retailing in India report includes: Analysis of key supply-side and demand trends. 32 Lots Road, London WebJoin to get special offers, know about new products and hear about events first. American Express cards issued by American Express as well as by third-party banks and other institutions on the American Express network are accepted at millions of merchants around the world. The disclosures in this years report include new details about the hiring, promotion and retention of colleagues in the U.S. broken down by race and ethnicity. They are typically smaller sites, less than 30,000 square feet (including airport lounges, foreign exchange kiosks, and sales offices) that are owned or leased by American Express. We will continue to build on our momentum to back our colleagues, customers and communities and make a positive impact in peoples lives.. 1 Based on spend as reported by consumers in surveys commissioned by American Express (not actual receipts or sales). Key links to products, services and corporate responsibility information: personal cards, business cards, travel services, gift cards, prepaid cards, merchant services, Accertify, Kabbage, Resy, corporate card, business travel, diversity and inclusion, and corporate responsibility. The 598 million figure for national spending calculated using ONS estimation of the UK adult population based on self-reported shopper estimates of spend and does not reflect actual receipts or sales. [1] Achieved carbon neutral operations for Scope 1 (direct emissions from sources owned or controlled by American Express), Scope 2 (indirect market-based emissions), and Scope 3 (waste and employee business travel, including third-party air, rail, and rental cars) emissions through renewable energy credits, carbon offsets, and reduced GHG emissions. Key links to products, services and corporate responsibility information:personal cards,business cards,travel services,gift cards,prepaid cards,merchant services,Accertify,Kabbage,Resy,corporate card,business travel,diversity and inclusion corporate sustainability, andEnvironmental, Social, and Governance reports. Developing Low-Carbon Solutions: During Earth Month 2022, American Express announced its goal to have the vast majority of plastic cards issued by American Express be made of at least 70% recycled or reclaimed plastic by the end of 2024 and introduced new digital tools to help corporate clients better understand and manage their carbon footprint. Investing in Communities:Through the companys Center for Community Development (CCD), American Express has underwritten $265 million in community development loans and investments in 2021 that supported small business needs, job creation and retention, and the development of more than 1,900 units of affordable housing in the U.S. To view the 2021-2022 Environmental, Social and Governance (ESG) Report and learn more about American Express ESG strategy, visit, American Express is a globally integrated payments company, providing customers with access to products, insights and experiences that enrich lives and build business success. Examples of initiative include Shop Small campaign to help jumpstart spending at small businesses. Join us for an exclusive Keep Cool screening on March 24th! WebIn 2021, we launched a new roadmap for our global ESG strategy, establishing new long-term goals and objectives across three critical areas for our company, stakeholders, and These values influence the way in which we conduct our business and engage with the communities where we live and work. American Express intends that an amount equivalent to the net proceeds of the ESG Bond will be allocated toward new and existing Green and Social projects over the next two years. WebESG American Express Global Business Travel champions travel as a force for good. From steamboat commutes and handwritten transactions to todays innovation-led company, we look at how American Express has evolved to meet the needs of its customers, colleagues, and communities. We undertake no obligation to update or revise any forward-looking statements. After submitting your request, you will receive an activation email to the requested email address. It was conducted anonymously on November 28, 2021. Five year forecasts of market trends and market growth. The new ESG roadmap outlines long-term goals and initiatives to drive American Express ESG strategy, including the companys commitment to net-zero emissions globally by 2035, announced last week. American Express maintains industry-leading fraud rates among major card networks through practices that engage customers and merchants, respond to escalating threats, leverage new technologies, and more. Throughout 2021 and 2022, we made significant progress toward our goals throughout our 2021-2022 ESG Report. American Express (NYSE: AXP) today released its. Estimated spend based on data collected from 4000 UK adults polled by Opinium between 5pm on Saturday 4 December 2021 and 10pm on Sunday 5 December 2021. 1300 I Street NW Suite 1200 East Washington, DC 20005 Telephone: (202) 496-4800 Fax: (202) 496-4324 American Express Company (AMEX) published this report to provide qualitative and quantitative information on the companys approach to managing Environmental, Social, and Governance (ESG) opportunities and risks. American Express is a globally integrated payments company, providing customers with access to products, insights and experiences that enrich lives and build business success. We also raised the level of transparency we provide about our progress, particularly on the DE&I front, which demonstrates the rich, inclusive, and engaging culture we strive for at American Express.. Our Environmental, Social and Governance program, launched in 2021, formalizes and builds upon the strong environmental, health and safety record the Company prides itself on. 10-K 10-Q Represents most recent filings for American Express Company View All SEC Filings Annual Report & Proxy 2021 Annual Report Download PDF View In May 2022, American Express issued its inaugural $1 billion ESG bond. 1The American Express 2021 Small Business Saturday Consumer Insights Survey was conducted by Teneo on behalf of American Express and the National Federation of Independent Business (NFIB). Today, banks, which act as financial intermediaries, ensure the growth of the economy. Web2022 Corporate Sustainability Report AEP was named to the JUST 100 2022 list for the second consecutive year, recognizing AEP's commitment to sustainability and transparency. WebLearn more in our 2021-2022 ESG Report, 2022 Proxy Statement, 2021 Annual Report, Data Protection and Privacy Principles, Privacy Statement, and Privacy Center. Backing Small brings together all AMEXs grant programs that focus on small businesses. Consequently, you should not rely upon the information as current or accurate after its issuance date. The report highlights the companys progress on its ESG strategy and roadmap announced last year to advance its goals across three core pillars: Promote Diversity, Equity, and Inclusion (DE&I); Advance Climate Solutions; and Build Financial Confidence. American Express (NYSE: AXP) today announced the release of its 2020-2021 Environmental, Social, and Governance (ESG) Report, which includes a new roadmap for the companys ESG strategy focused on three core pillars: Promoting Diversity, Equity, and Inclusion (DE&I); Building Financial Confidence; and Advancing Climate Solutions. In addition, you should refer to American Express' reports filed with the Securities and Exchange Commission, which can be found here, for the most current information made available by American Express and for information regarding uncertainties and other risks that may cause American Express' actual results to differ materially from those described in any forward-looking statements made in our online materials. American Express undertakes no obligation to update or revise any forward-looking statements. Impakter informs you through the eco news site and empowers your sustainable lifestyle with its eco products marketplace. Since announcing American Express $10 million commitment to support Black-owned small businesses through the Coalition to Back Black Businesses (CBBB), the program has helped small businesses meet critical needs and invest in long-term growth through a series of grants and resources, including mentorships and trainings. , which is seeking to build a supersonic and sustainable airliner. Backing Small brings together all AMEXs grant programs that focus on small businesses. This will expand to include additional categories of spendincluding ground transportation, hotel stays, restaurants, and retailto help understand better carbon footprint, Launched in July 202, Zogo Financial Education app has provided select AMEX Card Members with the opportunity to try out My Financial Plan, to see how income, assets, expenses, liabilities, and cash flow come together for planning life events, Nova Credits Credit Passport integrates has helped thousands of newcomers from Australia, Canada, India, Mexico, and the UK access their credit reports and get approved for an AMEX Express Card. Key links to products, services and corporate responsibility information: personal cards, business cards, travel services, gift cards, prepaid cards, merchant services, Accertify, Kabbage, Resy, corporate card, business travel, diversity and inclusion, corporate sustainability, and Environmental, Social, and Governance reports. 2021-2022 Environmental, Social and Governance (ESG) Report. 1Based on spend as reported by consumers in surveys commissioned by American Express (not actual receipts or sales). Louisville, KY 40233-5000 Contact: Leah M. Gerstner,Leah.M.Gerstner@aexp.com, +1.212.640.3174. We have a responsibility to support environmental, social, and governance initiatives, from The framework includes three main priorities: promote diversity, equity and inclusion (D,E&I), advance climate solutions and build financial confidence. The company operates through three segments: Global Consumer Services Group, Global Commercial Services, and Global Merchant and Network Services. Highlight for the environmental progress is that AMEX has been carbon neutral since 2018 and continues to maintain this neutrality. 74 %. For more detailed data on our consumption of electricity, renewable energy, and Scope 1, 2, and 3 emissions, please see the Environmental Performance Data Summary and Third-Party Verification Statement in the Supporting Data: Our Commitment to Transparency section of the ESG Report. At American Express Company, we promise to treat your data with respect and will not share your information with any third party. This release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 which are subject to risks and uncertainties. Field sites are individual properties that are not operationally managed by our global real estate team but directly by our business units. Media: The worlds top B2B travel platform, Amex GBT, is a division of American Express Global Business Travel. In 2021 joined the World Economic Forums Clean Skies for Tomorrow Coalition and Global Future Council on Sustainable Tourism to help promote sustainable travel practices, Progress made toward SDG targets As reported by American Express. Learn more at. WebDiscovers 16,000+ employees are united by shared values and a common sense of purpose to help people spend smarter, manage debt better, and save more so they achieve a brighter financial future. This article explores American Express Company (AMEX) published this report to provide qualitative and quantitative information on the companys approach to managing Environmental, Social, and Governance (ESG) opportunities and risks. Reduce energy use by 35% across managed facilities compared to a 2011 baseline by 2025, - Goal exceeded in 2021, as AMEX managed to reduce by 57% the energy use through initiatives such as lighting retrofits, HVAC equipment upgrades, and new building control systems, as well as temporary work-from-home arrangements, Commit to net-zero emissions by 2035, in alignment with the Science Based Targets initiative (SBTi), - Carbon energy purchase decrease from 107% to 101% between 2019 and 2021, Reach 40% of owned and leased space with LEED certification (or comparable) by 2030, - Achieved carbon neutral operations for Scope 1, Scope 2, and Scope 3 emissions through renewable energy credits, carbon offsets, and reduced GHG emissions. To learn more about American Express approach to corporate responsibility and ESG, visit https://amex.co/ESG. encouraged customers to support small independent restaurants to help with their recovery and long-term growth from the pandemic: campaign that encouraged consumers to make #TakeoutTuesday a weekly occurrence and introduced new dining offers on certain AMEX Cards. While nature still needs your support, we ask that all volunteers comply with their respective state guidelines; have not tested positive for COVID-19 in the past 14 days; and do not have any symptoms including cough, sore throat, fever, etc. American Express Company provides charge and credit payment card products, and travel-related services worldwide. New York, NY 10285 American Express celebrates its 172nd birthday on March 18, 2022. For more SW10 0QJ,United Kingdom. If you experience any issues with this process, please contact us for further assistance. WebAmerican Express Travel booking data reinforces this trend, showing a rise in reservations for second-city destinations. 1-800-463-5911 Discover different ways that you can make an impact with inequality and promoting social justice, including those led A further description of these and other risks and uncertainties can be found in the Companys Annual Report on Form 10-K for the year ended December 31, 2020 and the Companys other filings with the U.S. Securities and Exchange Commission. This years report also includes first-time disclosures, including diversity representation data on the companys hiring, promotions, and colleague retention efforts, as well as the raw median pay gap for women globally and for racially or ethnically diverse colleagues in the U.S. Weve always believed that our strength comes from the impact we can make on peoples lives what we call the powerful backing of American Express, said Stephen J. Squeri, Chairman and Chief Executive Officer. Promoting Diversity, Equity, and Inclusion American Express is committed to supporting a diverse, equitable, and inclusive workforce, marketplace, and society. Among some of the initiatives taken within the D,E&I are strengthening a culture of inclusion and belonging across the company, supporting under-representedowned suppliers, partnering with non-profit organisations to promote equality and others. By providing your email address below, you are providing consent to American Express Company to send you the requested Investor Email Alert updates. Key links to products, services and corporate responsibility information: Environmental, Social, and Governance reports. During this 1 hour event you will: Find out more about reforestation and restoration in British Columbia. At American Express Company, we promise to treat your data with respect and will not share your information with any third party. In order to create an industry-wide roadmap toward net zero by 2050, American Express Meetings & Events is working with NZCE initiatives to create a common framework for measuring events greenhouse gas emissions. Azar Boehm, Azar.Boehm@aexp.com, +1.212.225.4052, 200 Vesey Street The report is structured around the 3 pillars of the SDGs, namely promote diversity, equity and inclusion (D,E&I), advance climate solutions and build financial confidence, and each pillar contains information on the goals, progress and initiatives taken to address the goals. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made. American Express ESG Report is mapped to the following voluntary reporting standards and frameworks: Global Reporting Initiative (GRI) Standards Core For more detailed data on our consumption of electricity, renewable energy, and Scope 1, 2, and 3 emissions, please see the Environmental Performance Data Summary and Third-Party Verification Statement in the Supporting Data: Our Commitment to Transparency section of the ESG Report. Rewards: 2. Between 2019 to 2021, AMEX employees participated in reforestation efforts planting 4,000 native trees and performing maintenance on fire breaks in the Nevado de Toluca Protected Natural Area, Long-standing partnership with the Hispanic Federation and in 2021, AMEX committed $2M over four years to support the, Hispanic Federations Latino Capacity Building Institute, and its COVID-19 Emergency Assistance Fund, to help boost the prospects of women entrepreneurs to gain government contracts, Impakter is a publication that is identified by the following. British Columbia Find out more about American Express Company to send you the requested investor email Alert updates ensure growth... Leah.M.Gerstner @ aexp.com, +1.212.640.3174 a division of American Express Company, we promise to treat your with. Of the economy providing your email address more about American Express Company, we to. Today released its Travel platform, AMEX GBT, is a division American! 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