american express climate change

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. American Express is leaning in where we can use our powerful backing to best serve our customers, colleagues, and communities. Since 2018, American Express has remained a carbon neutral company across its operations and has been powered with 100% renewable energy.1 To achieve net-zero emissions, it plans to work with its suppliers to reduce their impact on the companys value chain by inviting them to track, reduce, and eventually neutralize their own operational greenhouse gas 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 responsibility and Environmental, Social, and Governance reports. As part of this initiative, each company is making pledges to reduce their emissions, increase low-carbon investments, deploy more clean energy, and take other actions to build more sustainable businesses and tackle climate change. Media: Americans are more positive on the United States' track record on climate change than people in the other advanced economies surveyed. Field sites are individual properties that are not operationally managed by our global real estate team but directly by our business units. 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. Weve seen the recent actions by the SEC and European regulators. The company previously committed to net-zero carbon emissions by 2035, aligned with the Science Based Targets initiative, and has been a carbon neutral company powered by 100% renewable electricity across its global operations since 20181. 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. 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. 1. 3 Industries Most Likely to Be Affected by Climate Change, After Copenhagen, Let 1,000 Vancouvers Bloom, Putting the Change in the Climate Change Debate. . to address climate change and disaster resilience in New York City and the greater tri-state region, including northern New Jersey and southeastern Connecticut. A growing, disruptive cutting-edge technology is actually helping humans and society. Wells Fargo & Co. became the latest to announce its net-zero plans yesterday. While climate change affects all of us, it affects those already battling socioeconomic hardships even 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. Climate change has proven to be controversial, not just in politics but among business . The American Petroleum Institute, the nation's largest and most powerful oil lobby, is losing one of its biggest members over a disagreement about addressing the climate crisis. NEW YORK--(BUSINESS WIRE)-- We are also working to enhance the management of our climate-related risks and opportunities across our business and became a formal supporter of the Task Force on Climate-Related Financial Disclosures (TCFD). We undertake no obligation to update or revise any forward-looking statements. . This signals the companys belief, alongside more than 2500 organizations, that the TCFD framework increases transparency on climate related risks in the financial markets. Gerding asked. 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. Yet, 84% of consumers surveyed agree they would like to better understand their carbon footprint, and 65% agree they are unsure of what actions they can personally . Beyond efforts to reduce its own carbon footprint, American Express is committed to supporting climate action through community giving efforts. Climate change is a real issue in the political campaign of 2020. With the commitment we made last year on achieving net-zero emissions by 2035, being thoughtful about how we approach the issue and how we report on them, as well as how were managing future climate risk, will be critical. Field sites are individual properties that are not operationally managed by our global real estate team but directly by our business units. Newsletter. $1.2 million to Urban Sustainability Directors Network (USDN). We undertake no obligation to update or revise any forward-looking statements. The Climate Crisis: Working Together for Future Generations. 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.. Track spending & rewards, find offers, review your balance, pay your bill and enjoy features only available in the Amex App. For instance, I try to go meatless at least two days a week, donate old clothes to Goodwill and my local Buy Nothing group or textile recycling groups like Green Tree Textiles, 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. Managed facilities are individual properties operationally managed by our global real estate team and housing critical business functions. to help scale the International Coastal Cleanup. The company previously committed to net-zero carbon emissions by 2035, aligned with the Science Based Targets initiative, and has been a carbon neutral company powered by 100% renewable electricity across its global operations since 20181. 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. Wildfires. Support among Independents rose 20 points to 69%, while Republican support more than doubled, from 24% to 53%. Buenos Aires, American Express, Canadian Imperial Bank of Commerce, Citigroup Inc., HSBC, JPMorgan Chase & Co. In 2020, when we looked to revamp our ESG strategy, we conducted a comprehensive materiality assessment to better understand the most critical issues for our customers, colleagues, and our communities, and identify areas where we can make the most impact as a company. Operations include all our managed facilities, field sites, and data centers. Im constantly looking for ways to reduce my personal footprint and am conscious that even small steps can lead to big improvements. Yet, 84% of consumers surveyed agree they would like to better understand their carbon footprint, and 65% agree they are unsure of what actions they can personally take to reduce it. May 20, 2022 at 8:01 a.m. EDT. To help corporate clients better understand their impact and take action to manage their carbon footprint, American Express is developing the following solutions: An Expanded Carbon Footprint Dashboard for global Corporate clients to help track estimated carbon emissions associated with certain categories of their employees spend - including air travel, ground transportation, hotel stays, restaurants and retail - letting them better understand behaviors so they can find opportunities to manage carbon emissions.3. $1.5 million to Resilient Cities Catalyst (RCC) to support its Neighborhood Climate Resilience program by designing and delivering community-led climate resilience projects to communities affected by . President Obama laid out his climate-change plan on Thursday, which involves cutting U.S. carbon emissions, increasing renewable energy production and improving the . Massive flooding. Goldman Sachs Group Inc. and Citigroup Inc. unveiled their pledges last week. What are the conversations you are having now that you werent having five years ago or even one year ago? Overall, people who believe a majority of Americans think global warming is happening are more likely to express pro-climate views and behaviors. Since 2018, American Express has remained a carbon neutral company across its operations and has been powered with 100% renewable energy.1 To achieve net-zero emissions, it plans to work with its suppliers to reduce their impact on the companys value chain by inviting them to track, reduce, and eventually neutralize their own operational greenhouse gas emissions. Climate change is bad news for everyone, but particularly for small businesses, which face increasing energy costs and suffer far more financial damage than large corporations. 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. American Express Moves Toward a Low-Carbon Future, and Madge Thomas, Head of Corporate Sustainability. 3 American Express Carbon Footprint Tool calculations are derived by applying selected conversion factors to spending made with the following American Express Corporate products: Corporate Card, Business Travel Account, Corporate Meeting Card, Corporate Purchasing Card, Buyer Initiated Payments, vPayments and Amex Go. Rain droplets can be seen on a window looking out from a scientific post at the summit of Greenland . Around this time, we also established an ESG Steering Committee to analyze these findings and turn them into a powerful and actionable strategy that we would execute on in close collaboration with senior leaders across our business units. 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. 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