Already carbon neutral since 2018, the company plans to set science-based targets for its operations and supply chain to reach this goal and provide $10 million in new philanthropic funding toward initiatives that address climate change. Recent polls from the Yale Program on Climate Change Communication show that 66 to 80 percent of people in the U.S. support major climate mitigation policies. American Express relaunched its classic Green Card last week. While people's focus and concerns have shifted toward the pandemic in the last year, climate issues remain prominent in people's lives. There was an extensive process of identifying which issues were important to us as a company. To help corporate clients better understand their impact and take action to manage their carbon footprint, American Express is developing the following solutions: American Express is launching a selection of Shop with Purpose Amex Offers for the duration of Earth Month to eligible U.S. Consumer and Small Business Card Members to support spending on eligible purchases from select Certified B Corporations like Avocado Green Mattress, Stumptown Coffee Roasters and pre-loved designer fashion marketplace, Vestiaire Collective, and other brands committed to making a difference. Those ideas evolved into the three key pillars of our ESG Framework, and weve created feasible, tangible, and achievable goals for each as we laid out on our ESG Roadmap announced last year. Its no longer taboo to talk about climate change in the business world; here's what you can do to make a change. Below are exclusive insights from our leaders into how we are supporting consumers transition to a low carbon economy, as well as the development of our ESG strategy and progress on our climate goals: How did we prioritize our three Environmental, Social and Governance pillars: promoting DE&I, building financial confidence, and advancing climate solutions? As a first step, the company plans to partner with top vendors that are responsible for 50% of the companys annual third-party spend to set their own science-based emissions reduction targets. Key links to products, services and corporate responsibility information: Environmental, Social, and Governance reports, Photo Credit_Courtesy of Ocean Conservancy. iMessage. Overall, people who believe a majority of Americans think global warming is happening are more likely to express pro-climate views and behaviors. At American Express, we're committed to advancing climate solutions. Coinciding with the 10-year anniversary of Super Storm Sandy this year, the grant will support the development of a Resilience Agenda for the tri-state region with goals, targets and actions for city leaders and policy makers, informed by research and engagement with community stakeholders. To learn more about American Express ESG strategy to support colleagues, customers and communities, check out its 2021-2022 Environmental, Social and Governance (ESG) Report at, American Express is a globally integrated payments company, providing customers with access to products, insights and experiences that enrich lives and build business success. What are the conversations you are having now that you werent having five years ago or even one year ago? Operations include all our managed facilities, field sites, and data centers). American Express, Bank of America, Capital One, Chase, Citi and Discover. "One of the biggest obstacles to making a start on climate change is that it has become a clich before it has even been understood.". American Express efforts to promote a low-carbon future are driven by the following goals announced last year: The global challenge of addressing environmental impact is top of mind for many according to the latest Amex Trendex* report. $1.5 million to Resilient Cities Catalyst (RCC). But most of the imaginative proposals that I receive from idealistic business leaders who hope to address our society's greatest challengessuch as climate change and protecting the environmentrequire massive investment, with years of research and development before launch. More information on the companys sustainability strategy, goals, and progress will be available in the companys 2020-2021 ESG Report, which will be published on September 28, 2021. INTRODUCING LOW-CARBON SOLUTIONS FOR CUSTOMERS. American Express and Ocean Conservancy have been partnering on beach cleanup events since 2018 as part of the company's Green2Gether program. Power your home with clean, renewable energy. Climate scientists have for decades warned that the climate crisis would lead to more extreme weather. To celebrate Earth Month, the company is also launching "Shop with Purpose" Amex Offers to reward eligible customers for shopping with purpose throughout April. to address climate change and disaster resilience in New York City and the greater tri-state region, including northern New Jersey and southeastern Connecticut. It used to be an inaccessible and virtually useless tool for many cardholders. Learn more at americanexpress.com and connect with us on facebook.com/americanexpress, instagram.com/americanexpress, linkedin.com/company/american-express, twitter.com/americanexpress, and youtube.com/americanexpress. The most recent artwork on view is a hand-woven basket made from 16mm film, created by Mi'kmaq and Onondaga artist Gail Tremblay. Glaciers are shrinking. MacDonald was a high-ranking American scientist who . Amazon (pay with points at checkout) 1 point = 0.7 cents. MT: Were focused on supporting programs and partnerships in high-emission or extreme weather-prone urban areas where we live and work that can reduce climate and environmental impact and provide resilience for future disasters. For example, Americans who perceive a greater social consensus on global warming discuss global warming with their own friends and family more frequently than do those who perceive less social . 1 Achieved carbon neutral operations for Scope 1 (direct emissions from sources owned or controlled by American Express), Scope 2 (indirect location-based and 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. Explore to learn trends in business and get valuable insights. They said it would be deadly and it would be more frequent. In the United States today, we have a warmer climate and fewer glaciers. , and I bring a water bottle into the office with me (and take a collapsible bottle when Im traveling) to avoid using plastic cups or bottles. Field sites are individual properties that are not operationally managed by our global real estate team but directly by our business units. Already carbon neutral since 2018, the company plans to set science-based targets for its operations and supply chain to reach this goal and provide $10 million in new philanthropic funding toward initiatives that address climate change American Express (NYSE:AXP) today announced it has committed to net-zero carbon emissions by 2035, fifteen years ahead of the Paris Agreement's 2050 goal. "When it comes to climate change response, China is at a different stage than the U.S., Western nations and other developed countries." Le Yucheng, China's vice foreign minister, said last week. Climate change has proven to be controversial, not just in politics but among business . . A Carbon Offset Referral suite for U.S. Corporate clients to find and connect with carbon offset providers who can help them manage their footprint via offset solutions that include investments in large-scale carbon removal and reduction projects, avoidance projects, and more. LEED New Construction Gold Certified data center in North Carolina. We believe we have a role to play in supporting the transition to a low-carbon economy and have been working towards advancing climate solutions on multiple fronts. The estimated information provided by the Carbon Footprint Tool is for generalized informational purposes only and does not constitute financial, tax, accounting, legal or other professional advice on any subject matter. 1 Achieved carbon neutral operations for Scope 1 (direct emissions from sources owned or controlled by American Express), Scope 2 (indirect location-based and 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. But many are expressing surprise . Actual results may differ from those set forth in the forward-looking statements due to a variety of factors, including: the amount and efficacy of investments in product innovations, resources, marketing campaigns and programs; changing customer behaviors, interest in the companys products, resources and programs; managements inability to identify suitable suppliers, partners and community investments and negotiate acceptable terms; an inability to build partnerships and execute programs with other companies and of partners to meet their obligations to the company; changes in developing standards and certifications; the cost and availability of renewable energy, carbon removal and carbon offset projects and energy attribute certificates; regulation; changes in the companys colleague and community engagement strategies; and changes in economic or business conditions. To achieve this ambition, the company will follow the Science Based Targets initiative (SBTi) methodology to set targets over the coming two years for its global operations and supply chain. Key links to products, services and corporate responsibility information: charge and credit cards, business credit cards, travel services, gift cards, prepaid cards, merchant services, Accertify, InAuth, corporate card, business travel, and corporate responsibility. 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 responsibility and Environmental, Social, and Governance reports. While climate change affects all of us, it affects those already battling socioeconomic hardships even more. Scientist Rebellion activists chain themselves together in protest of the U.N. Through our actions at home and our leadership abroad, the United . Actual results may differ from those set forth in the forward-looking statements due to a variety of factors, including: competition, brand perceptions and reputation; an inability to develop and market value propositions that appeal to Card Members and new customers; the amount and efficacy of investments in product innovations, resources, marketing campaigns and programs; changing customer behaviors, interest in the companys products, resources and programs, and willingness to access capital provided by the company, spend money at small businesses and value environmentally and socially responsible products and services; managements inability to identify suitable suppliers, grantees, partners and community investments and negotiate acceptable terms; an inability to build partnerships and execute programs with other companies and of partners to meet their obligations to the company; changes in developing standards and certifications; the cost and availability of renewable energy, carbon removal and carbon offset projects, energy attribute certificates, certified paper and green buildings, and alternatives to single-use plastic; supply chain and market disruption; regulation; potential M&A activity; severe weather conditions, natural disasters and other catastrophic events; changes in the companys real estate, technology, colleague and community engagement, and risk management strategies; an inability of waste management systems to divert waste to recycling and composting facilities; and changes in economic or business conditions and the companys ability to grow, improve its financial performance and execute on its strategies. All rights reserved, 3 Ways Business Leaders Can Take Action on Climate Change. NEW YORK--(BUSINESS WIRE)--American Express (NYSE:AXP) today announced it has committed to net-zero carbon emissions by 2035, fifteen years ahead of the Paris Agreements 2050 goal. Including the grants in this announcement, American Express has now pledged over $8 million in grants towards its $10 million philanthropic goal. American Express is a globally integrated payments company, providing customers with access to products, insights and experiences that enrich lives and build business success. Like most companies, were closely monitoring these developments and actively reviewing our disclosure practices to ensure we provide appropriate transparency and visibility into our own efforts. Service corps members will engage in essential preservation projects that help alleviate the effects of climate change in national parks across the U.S. A $145,000 grant to Earthwatch Institute will fund the planting of several hundred trees in the United Kingdom to help mitigate the impacts of climate change, enhance biodiversity, and provide planting, maintaining and monitoring volunteer opportunities to American Express colleagues. In support of that goal, the company plans to make new digital products and services available later this year to help customers understand their carbon footprint. Operations include all our managed facilities, field sites and data centers. The Climate Crisis: Working Together for Future Generations. Roughly a quarter (27%) of Republicans say climate change is a major threat, compared with more than three-quarters of Democrats (83%) - a 56 percentage point difference. For those who are coming back to the office or hybrid, we are excited to get back out there and volunteer together! American Express also makes its Carbon Footprint Dashboard available to certain commercial clients so that they are able to track emissions data associated with their air travel, and through its colleague engagement efforts, has planted more than 150,000 trees in partnership with The Nature Conservancys Plant A Billion Trees program. The forward-looking statements, including the companys aspirational ESG commitments and goals, contain words such as "expect," "anticipate," "intend," "plan," "aim," "will," "may," "should," "could," "would," "likely," "commit," "hope," "continue," or other similar expressions. (That's a best estimate: the potential range is between 2.1 degrees and 3.9 degrees Celsius.) In addition, as part of its $10 million grant commitment announced last year, American Express is also providing $2.25 million to organizations tackling the effects of climate change in local . 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. But some states are in better shape to withstand it than others. MT: The worlds largest problems can only be addressed if private sector, public sector and civil society to each do their part and work together. The American Express International Airline Program (IAP) is one of the lesser-known benefits for those who hold The Platinum Card from American Express, The Business Platinum Card from American Express or the Centurion Card from American Express.. Results from each markets survey have a margin of error of plus or minus 3 percentage points. Provide at least $10 million to support initiatives, partnerships, and programs that address the adverse effects of climate change and pollutions on . Field sites are individual properties that are not operationally managed by our global real estate team but directly by our business units. Last year, American Express announced a goal to pilot low-carbon product innovations for its customers as part of its Advancing Climate Solutions initiatives, which is a core pillar of the companys ESG strategy. The official American Express App for iPhone allows you to access your Account from anywhere. 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, 2021 and the companys other filings with the U.S. Securities and Exchange Commission. Im constantly looking for ways to reduce my personal footprint and am conscious that even small steps can lead to big improvements. American Express is a globally integrated payments company, providing customers with access to products, insights and experiences that enrich lives and build business success. Cautionary Note Regarding Forward-Looking Statements. A Health Check for South American Mangroves This source accounts for about 10% of all the water that enters this highly productive farmland, including rivers and rain. With this announcement, American Express is also proud to join the Race to Zero, a global campaign established by the United Nations Framework Convention on Climate Change (UNFCCC) to rally leadership for a healthy, resilient, and zero-carbon recovery. These moments certainly help to bring attention to issues, and they serve as an opportunity to highlight what companies are doing and what they intend to do. About Downscaling Climate Opinions. The color represents more than 50 years of serving customers, and the card itself marks an environmental first for the company. To further our impact, we will seek to innovate and advance sustainable solutions, and work with our business, vendor, and community partners to achieve net-zero emissions by 2035.. Gerding asked. Flights (booked through American Express Travel) 1 point = 1 cent. Switch to an energy company that uses renewable energy sources to power your home (instead of fossil fuels like gas) with a renewable energy tariff in your home or business or install solar panels on your roof to reduce your home carbon emission and your fuel bills. Leah Gerstner, Leah.M.Gerstner@aexp.com, +1-212-640-3174, American Express Announces New Initiatives to Advance Climate Action and Support Low-Carbon Communities, 2020-2021 Environmental, Social, and Governance (ESG) Report, Environmental, Social, and Governance reports. Free shipping in Europe for orders over 100. Looking ahead, what are some future trends you think will dominate the ESG space in the next few years? 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. Our colleagues are more engaged and motivated than ever to take part in driving positive change within and outside of our company, and they want to see us lead in this space. The shares who express concern range from 64% in Australia to 88% in South Korea. Photo Credit_Courtesy of American Express, report on progress and how were driving innovation. The . The companys 2035 net-zero goal is based on SBTis ambitious objective of limiting global warming to 1.5C, a critical target to avoid the most catastrophic threats of climate change as set out by the 2015 Paris Agreement. But participants in the new study . Field sites are individual properties that are not operationally managed by our global real estate team but directly by our business units. Dr. Patz, in 1994, convened the first-ever session on climate change for the American Public Health Association and was the lead author of "Global Climate Change and Emerging Infectious Diseases," published by JAMA in 1996. 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. Please try again later. The companys goal is 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, which can help avoid nearly 160,000 pounds of virgin plastic from being used annually. to support its Neighborhood Climate Resilience program by designing and delivering community-led climate resilience projects to communities affected by the impacts of climate change within the City of Houston, the City of Tampa and international locations. Climate change is one of the most pressing issues we face right now, and we are seeing the devastating impacts around the world that remind us that we have a responsibility to take decisive action, said Stephen J. Squeri, Chairman and Chief Executive Officer. Carbon neutral operations powered by 100% renewable electricity since 2018, Spent more than $150 million to develop facilities that have received green building certifications since 2019, $3.1M in grants pledged toward our $10 million philanthropic goal to back low-carbon communities by 2025, Set a 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. Amex flex provide us with new opportunities to engage colleagues virtually, who may not have had the opportunity to participate in in-person events. Engage our colleagues in sustainability initiatives . Commit to net-zero emissions by 2035 in alignment with the Science Based Targets initiative (SBTi), Enhance the management of climate-related risks and opportunities across our business, Pilot low-carbon product innovations, including carbon tracking and offset solutions, by the end of 2022, 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, Engage our colleagues in sustainability initiatives through the Green2Gether program. The companys 2035 net-zero goal is based on SBTis ambitious objective of limiting global warming to 1.5C, a critical target to avoid the most catastrophic threats of climate change as set out by the 2015 Paris Agreement. American Express is a globally integrated payments company, providing customers with access to products, insights and experiences that enrich lives and build business success. Additionally, ESG risksin particular climate riskhave been included as an emerging risk for the company and are part of our Enterprise Risk Management (ERM) framework. 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 responsibilityandEnvironmental, Social, and Governance reports. Pilot low-carbon product innovations, including carbon tracking and offset solutions, by the end of 2022. It has become a potent issue for political fundraising and is a key difference between the candidacies of Donald Trump and Joe Biden. On top of that, the nine most recent years have been the hottest. $1.2 million to Urban Sustainability Directors Network (USDN). The company also launched the first American Express Card manufactured mainly from reclaimed plastic collected from beaches, islands, and coastal communities in 2019 along with a Card Take Back program for U.S. Card Members. Temperature data showing rapid warming in the past few decades, the latest data going up to 2022. It has worked. American Express is launching a selection of "Shop with Purpose" Amex Offers for the duration of Earth Month to eligible U.S. Consumer and Small Business Card Members to support spending on eligible purchases from select Certified B Corporations like Avocado Green Mattress, Stumptown Coffee Roasters and pre-loved designer fashion marketplace, Vestiaire Collective, and other brands committed to making a difference. The class, led by scientists, will provide education and tools to help colleagues reduce the impacts of climate change in their personal lives and communities. It took nearly a century of research and data to convince the vast majority of the scientific community that . Massive flooding. According to NASA, 2016 and 2020 are tied for the warmest year since 1880, continuing a long-term trend of rising global temperatures. A median of 36% across the 17 societies surveyed say the U.S. is doing a good job of dealing with climate change, compared with the 47% of Americans who say the same. Newsletter. Beyond efforts to reduce its own carbon footprint, American Express is committed to supporting climate action through community giving efforts. Historic rain at Greenland's summit. A turning point came In 2017, when a resolution in support of increasing public disclosures of climate change risks, sponsored by the Church of England and New York State, scored 62 percent of . About a third of Gen Zers (32%) and 28% of Millennials say they've done something in the past year to address climate change, such as donating money, volunteering . Buenos Aires, American Express, Canadian Imperial Bank of Commerce, Citigroup Inc., HSBC, JPMorgan Chase & Co. Interestingly, only in Singapore do more . In addition, as part of its $10 million grant commitment announced last year, American Express is also providing $2.25 million to organizations tackling the effects of climate change in local communities, particularly urban areas. Current policies put the world on pace for roughly 2.9 degrees Celsius of warming by 2100. Since the launch of this program in 2019, American Express has recycled more than 1.3 million cards, including cards returned by Card Members. INTRODUCING LOW-CARBON SOLUTIONS FOR CUSTOMERS. , report on progress and how were driving innovation margin of error of plus or minus 3 percentage points research... 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