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Advance Climate Solutions

Enhance our operations and capabilities to meet customer and community needs in the transition to a low-carbon future.

Advance Climate Solutions Goals

  • Commit to net-zero emissions by 2035 in alignment with the Science Based Targets initiative (SBTi)1
  • 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

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.

 

2021-2022 Progress and Highlights

  • Carbon neutral operations powered by 100% renewable electricity since 20181
  • 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

Minimizing Our Climate Impact

Advancing climate solutions starts with our own operations. Since 2018, we have been a CarbonNeutral® company, powered by 100% renewable electricity across our global operations.1 To build on these efforts, in 2021 we committed to net-zero emissions by 2035 in alignment with the Science Based Targets initiative (SBTi).

 

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). In 2020 and 2021, we conducted a qualitative climate risk scenario analysis to assess physical and transition risks to our business related to climate change in alignment with the TCFD. Additionally, ESG risks–in particular climate risk–have been included as an emerging risk for the company and are part of our Enterprise Risk Management (ERM) framework.

Climate building
Climate building
Environmental, Social, and Governance (ESG) Strategy in our 2021-2022 ESG Report
Environmental, Social, and Governance (ESG) Strategy in our 2021-2022 ESG Report

Learn more about our progress on our Environmental, Social, and Governance (ESG) Strategy in our 2021-2022 ESG Report.

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