We undertake no obligation to update or revise any forward-looking statements. 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. The forward-looking statements, including the companys aspirational emissions and climate-related commitments and goals, contain words such as believe, expect, anticipate, intend, plan, aim, will, may, seek, should, could, would, likely, potential, continue or other similar expressions. American Express Moves Toward a Low-Carbon Future, and Madge Thomas, Head of Corporate Sustainability. The Amex Trendex found that 79% of consumers surveyed would be more loyal to a company that works to address environmental issues and 76% of consumers surveyed are interested in shopping at Certified B Corporations. 5. 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. 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. Please try again later. Leah M. Gerstner, Leah.M.Gerstner@aexp.com, +1.212.640.3174 For this Earth Month, our Chief Corporate Affairs Officer, Jen Skyler, and Head of Corporate Sustainability, Madge Thomas, shared their perspectives on how American Express is building on its sustainability commitments to reduce the companys carbon footprint by engaging our colleagues, customers and community partners across a range of initiatives to address the climate crisis. I think the undisputable answer is that were having a lot more conversations on ESG issues with all sorts of stakeholder groups that we never had five years ago. Including the grants in this announcement, American Express has now pledged over $8 million in grants towards its $10 million philanthropic goal. 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. American Express and Ocean Conservancy have been partnering on beach cleanup events since 2018 as part of the company's Green2Gether program. The . 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. We undertake no obligation to update or revise any forward-looking statements. Since 2018, American Express has been carbon-neutral and powered by 100% renewable electricity across our global operations. Amazon (pay with points at checkout) 1 point = 0.7 cents. Operations include all our managed facilities, field sites, and data centers. More than 920,000 expired or non-working cards have been recycled to date. 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. NEW YORK--(BUSINESS WIRE)--
to install solar energy systems on homes and small businesses in low- and moderate-income communities in three cities, including Phoenix and Salt Lake City. Global climate change refers to the average long . 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 . . Looking ahead, what are some future trends you think will dominate the ESG space in the next few years? 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. 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 Limited Assurance Statement of GHG Emissions in the Supporting Data section of our. These goals are part of American Express commitment to advancing climate solutions, which is one of the core pillars of its ESG strategy and build on its previous efforts to support the transition to a low-carbon economy.
Touch ID and Face ID login (on supported devices), gives you quick, safe and secure access. 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. Figure b1. Wildfires. 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 . To reduce the companys consumption of virgin plastic, in 2019 American Express launched the first-ever Card manufactured primarily from reclaimed plastic collected from beaches and coastal communities. To . The forward-looking statements, including the companys aspirational emissions and climate-related commitments and goals, contain words such as believe, expect, anticipate, intend, plan, aim, will, may, seek, should, could, would, likely, potential, continue or other similar expressions. 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. American Express is a globally integrated payments company, providing customers with access to products, insights and experiences that enrich lives and build business success. American Express is a globally integrated payments company, providing customers with access to products, insights and experiences that enrich lives and build business success. Beyond efforts to reduce its own carbon footprint, American Express is committed to supporting climate action through community giving efforts. This signals the companys belief, alongside more than 2500 organizations, that the TCFD framework increases transparency on climate related risks in the financial markets. Climate change touches every part of the U.S. 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. The program will support a cohort of climate leaders to co-design infrastructure and community building projects that utilize nature-based or clean energy solutions to help increase the resilience of neighborhoods to future risks and disasters. For those who are coming back to the office or hybrid, we are excited to get back out there and volunteer together! I believe increased focus on climate disclosures and efforts to standardize and regulate them will dominate the conversation. 11/02/2021 277. $1.2 million to Urban Sustainability Directors Network (USDN). In addition to its net-zero commitment and in an effort to build more climate resilient and equitable communities, American Express and the American Express Foundation plans to provide at least $10 million by the end of 2025 toward initiatives, partnerships, and programs that prevent and address the adverse effects of climate change. What can you tell us about the Backing Low-Carbon Communities grant initiative and the $10 million in funding were planning to provide through 2025? But participants in the new study . The National Climate Assessment report released on May 6, detailing how climate change has been affecting the United States and how extreme weather conditions are going to be more common, reads a little like a disaster movie.. Field sites are individual properties that are not operationally managed by our global real estate team but directly by our business units. $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 . 65% of conservatives say international climate change actions will harm the American economy, compared with 12% of liberals who say the same. Throughout the month, as part of the companys Green2Gether program, American Express colleagues around the world passionate about the environment can participate in dozens of company-sponsored activities, such as recycling drives, online lectures, community clean-ups, and food sustainability awareness campaigns. 10. American Express is leaning in where we can use our powerful backing to best serve our customers, colleagues, and communities. Fully 79% of Americans express a great deal (33%) or a fair amount (46%) of confidence in the military to act in the best interests of . 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. Climate Change Conference (COP26) in Glasgow, Scotland, on Nov. 6. Climate change Climate change refers to long-term shifts in temperatures and weather patterns, mainly caused by human activities, especially the burning of fossil fuels. 4. 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. Goldman Sachs Group Inc. and Citigroup Inc. unveiled their pledges last week. For example, Americans' understanding that climate change is happening has tied the prior all-time high, and public understanding that global warming is . Weve seen the recent actions by the SEC and European regulators. For American Express, this journey is really a 365-day approach, and were using Earth Day as a time to examine our climate goals and. As part of its objective to manage climate-related financial risks, American Express is also signing up to be a supporter of the Task Force on Climate-Related Financial Disclosures (TCFD), created by the Financial Stability Board and chaired by Michael Bloomberg. Vital Signs of the Planet: Global Climate Change and Global Warming. American Express will also join the Business Ambition for 1.5C commitment and Race to Zero, and will provide at least $10 million in new philanthropic funding towards organizations and initiatives that drive action on climate change through 2025. 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. Including the grants in this announcement, American Express has now pledged over $8 million in grants towards its $10 million philanthropic goal. Climate change is the long-term alteration in Earth's climate and weather patterns. Company plans to introduce new digital solutions to help corporate clients better understand their carbon footprint and expand the availability of its recycled plastic cards, As part of its $10 million philanthropic commitment toward climate action, the company is providing $2.25 million in grants to American Forests, National Park Foundation, and Earthwatch Institute. Starting with the companys buildings, many of which are LEED or comparably green-certified, we continue to focus on the development of sustainably driven builds and infrastructural improvements, including impactful goals around waste and water efficiency. American Express is following the methodology of the SBTi for our commitment to net-zero by 2035, which covers all Scope 1 and 2 emissions and a minimum of two-thirds of total Scope 3 emissions in conformance with the GHG Protocol Corporate Value Chain (Scope 3) Accounting and Reporting Standard. Since 1896, average winter temperatures across the contiguous 48 states have increased by nearly 3F. (left) Global annual average temperature has increased by more than 1.2F (0.7C) for the period 1986-2016 relative to 1901-1960. In setting our ESG goals, we now have a roadmap to deliver that powerful backing across diversity, equity and inclusion, financial confidence, and climate solutions. Key links to products, services and corporate responsibility information: Environmental, Social, and Governance reports, Photo Credit_Courtesy of Ocean Conservancy. 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. In 2019, American Express set environmental goals for 2025 that cover energy and water use, waste generation, green building certifications, the phaseout of single-use plastics, and sourcing paper responsibly. Results from each markets survey have a margin of error of plus or minus 3 percentage points. The project is a new annual survey of global attitudes in 23 of the world's biggest countries, covering almost 5 billion people. 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. 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. Climate scientists have for decades warned that the climate crisis would lead to more extreme weather. Scientific Consensus: Earth's Climate Is Warming. The official American Express App for iPhone allows you to access your Account from anywhere. Results from each markets survey have a margin of error of plus or minus 3 percentage points. . Newsletter. American Express Card Take Back program enables U.S. Card Members to return both plastic and non-plastic cards by mail for recycling. Advancing climate solutions starts with our own operations. . 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. 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. Leah M. Gerstner, Leah.M.Gerstner@aexp.com, +1.212.640.3174
. 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 . Buenos Aires, American Express, Canadian Imperial Bank of Commerce, Citigroup Inc., HSBC, JPMorgan Chase & Co. The company is also setting goals to enhance the management of climate-related risks and opportunities across its business, pilot low-carbon product innovations, including solutions to track and offset emissions by 2022, and identify opportunities to engage its global colleague base in sustainability initiatives and volunteer opportunities. Results from each markets survey have a margin of error of plus or minus 3 percentage points. Starting July 1, 2021, the card will have an annual fee of $695, up from the previous $550 . Community Support: American Express plans to provide at least $10 million in philanthropic funding to support initiatives, partnerships, and programs that address the adverse effects of climate . African American and low-income communities are disproportionately affected by air pollution in the United States. EXPANDING AVAILABILITY OF RECYCLED PLASTIC CARDS. . INTRODUCING LOW-CARBON SOLUTIONS FOR CUSTOMERS. Managed facilities are individual properties operationally managed by our global real estate team and housing critical business functions. For details, see the Seasonal Temperature indicator. People living in poverty are more vulnerable to the effects of climate change for many reasons. Additionally, the grant will help expand Tree Equity Score to its first international location where it will indicate whether there are enough trees in neighborhoods for everyone to experience the health, economic and climate benefits that trees provide. American Express and Ocean Conservancy have been partnering on beach cleanup events since 2018 as part of the companys Green2Gether program. 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. All rights reserved, 3 Ways Business Leaders Can Take Action on Climate Change. "These new initiatives build on the work we have done to reduce our own carbon footprint by engaging our colleagues, customers and community partners in initiatives that address the climate crisis.". American Express is a globally integrated payments company, providing customers with access to products, insights and experiences that enrich lives and build business success. NEW YORK-- ( BUSINESS WIRE )--During the United Nations Climate Change Conference of the Parties (COP26), American Express (NYSE: AXP) has announced new initiatives to build on its commitment to . We are working to engage thousands more of our colleagues globally in company-sponsored activities through our Green2Gether program, such as recycling drives, online lectures, community clean-ups, and food sustainability awareness campaigns. Photo Credit_Courtesy of American Express, report on progress and how were driving innovation. Enhance our operations and capabilities to meet customer and community needs in the transition to a low-carbon future. Were excited to kick off Earth Month by introducing our new suite of offerings that will enable our corporate clients to make carbon conscious decisions and support community organizations doing important work to promote a low-carbon future, said Jennifer Skyler, Chief Corporate Affairs Officer. The climate crisis can feel like an overwhelming topic and can be a source of anxiety for kids and families. According to the latest Amex Trendex2, a trend report from American Express, 76% of consumers surveyed feel a greater urgency to address climate change than they did a year ago. The Climate Crisis: Working Together for Future Generations. Field sites are individual properties that are not operationally managed by our global real estate team but directly by our business units. While the largest increases were across the northern states, all 48 states experienced winter warming. Wells Fargo & Co. became the latest to announce its net-zero plans yesterday. 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. Up in this a new million / You heard me, Sensato / It's Mr. Worldwide / Y El mundo es el patio / Let my dreams y'all dormant / Category Sixes are storming / Take this as a, take this a warning . That's why we've collaborated with the CoolClimate Network at University of California, Berkeley to develop a carbon emissions tracker exclusively for eligible Card Members to help you understand your estimated carbon footprint. 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. All users of our online services are subject to our Privacy Statement and agree to be bound by the Terms of Service. 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. 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. Operations include all our managed facilities, field sites and data centers. 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. Managed facilities are individual properties operationally managed by our global real estate team and housing critical business functions. View source version on businesswire.com: https://www.businesswire.com/news/home/20220406005316/en/, Ashley Tufts, Ashley.Tufts@aexp.com, +1-212-640-3193Leah Gerstner, Leah.M.Gerstner@aexp.com, +1-212-640-3174. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. 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. "The climate change began in 1960," the report's first page informs us, "but no one, including the climatologists, recognised it." . (That's a best estimate: the potential range is between 2.1 degrees and 3.9 degrees Celsius.) And when disasters strike, poor diet, sanitation and . As part of its commitment to provide at least $10 million in funding for projects and initiatives that advance climate solutions by 2025, the company today announced $2.25 million in grants to American Forests, National Park Foundation, and Earthwatch Institute. Companies, like American Express, have a significant role to play and our stakeholders are increasingly expecting us to be an agent for change. On average, glaciers worldwide have been losing ice since at . 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. 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. . 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. According to the latest Amex Trendex 2, a trend report from American Express, 76% of consumers surveyed feel a greater urgency to address climate change than they did a year ago. American Express relaunched its classic Green Card last week. 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. 3 Ways Business Leaders Can Take Action on Climate Change. Innovation and solutions around energy transition and efficiency and clean energy solutions in urban areas, Community-led climate and nature-based projects, including those led by underrepresented communities, Supporting disaster relief and resistance to help communities and infrastructure be more resilient and prepared for extreme weather events. 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. 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 . 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 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.. Americans are polarized over the causes and cures of climate change and how much they trust climate scientists, but most support a role for scientists in climate policy and expanding solar and wind energy. 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. Learn more atamericanexpress.comand connect with us onfacebook.com/americanexpress,instagram.com/americanexpress,linkedin.com/company/american-express,twitter.com/americanexpress, andyoutube.com/americanexpress. They're often forced to live in makeshift homes, on land prone to flooding, storms and landslides. 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