American Express released its 2021-2022 Environmental, Social and Governance (ESG) Report. American Express Releases 2020-2021 Environmental, Social, and Governance Report with New Long-Term Goals, 2020-2021 Environmental, Social, and Governance (ESG) Report, commitment to net-zero emissions globally by 2035. 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. , a partnership to forge relationships and exchange ideas with the private sector, NGOs, and industry experts, In 2021, AMEX provided funding to the Latin American Seminar on Forest Entrepreneurship and Investment, a virtual event where 800 forestry entrepreneurs, investors, and attendees from government and academia from 16 countries in Latin America work to identify nature-based solutions to address climate change, In 2021, employees were engaged virtually to support the planting of 100,000 trees in partnership with, The Nature Conservancys Plant a Billion Trees campaign, In 2022, employees engaged in environmentally-focused in-person and/or virtual volunteer activities and events with, programs with essential preservation projects in national parks across the US, Ocean Conservancy and International Coastal Cleanup, , AMEX employees collected approximately 24,000 pounds of marine debris globally from 2018 to 2022, participated in beach cleanups and other initiatives across seven countries, including Australia, Italy, Japan, Malaysia, the Philippines, Spain, and the US, to conserve more than 200 hectares of forests across five communities in 2021. Learn more at. Issuing a wide range of proprietary consumer cards is the responsibility of the Global Consumer Services. 1Based on spend as reported by consumers in surveys commissioned by American Express (not actual receipts or sales). You can sign up for additional alert options at any time. Since announcing our ESG framework in 2020, we have solidified our strategy by developing a clear roadmap to translate our objectives into action and have been rapidly executing on our priorities, said Stephen J. Squeri, Chairman and Chief Executive Officer. WebESG American Express Global Business Travel champions travel as a force for good. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. Suppliers We have audited our current energy consumption and are setting targets to reduce this over the next three years while also increasing our renewable energy supply from 76% to 100%. Today, banks, which act as financial intermediaries, ensure the growth of the economy. Although AMEX mentions the SDGs they focus on, the company does not link goals, nor progress with the SDGs. 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. Protecting our corporate, customer, and colleague information is a priority for us. After spending more than $1 billion toward its Action Plan to advance diversity, equity, and inclusion (DE&I), the company announced a new goal to spend an additional $3 billion with suppliers from underrepresented groups and toward other DE&I initiatives through 2025. [3] The 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). Supplemental Environmental, Social and Governance Reports AEPs Climate Impact Analysis Report - A TCFD Report (March 2021) 2022 GRI Report 2022 SASB WebAudrey HendleyPresident of American Express Travel. Field sites are individual properties that are not operationally managed by our global real estate team but directly by our business units. To do that, we offer a wide range of industry-leading financial products, services, and tools all backed by our 100 percent U.S.-based customer service. Louisville, KY 40233-5000 Expanding the DE&I Action Plan: American Express exceeded $1 billion in spending toward its DE&I Action Plan announced in October 2020, including increased supplier spending with underrepresented-owned suppliers, expanding access to capital and financial education and partnering with non-profit organizations focused on promoting equality, among other DE&I initiatives. Back people and businesses to thrive and create equitable, resilient, and sustainable communities globally. If you experience any issues with this process, please contact us for further assistance. The study is a nationally representative sample of 2,426 US adults 18 years of age or older. One Tree Planted and its respective planting partners are taking necessary precautions at our events. WebJOIN US IN CELEBRATION OF Earth Month BY MAKING A POSITIVE ENVIRONMENTAL IMPACT IN YOUR COMMUNITY! Sustainable Financing and ESG Reporting Frameworks The program is built upon a foundation of advanced security technology, a well-staffed and highly trained team of experts, and robust operations based on the National Institute of Standards and Technology Cybersecurity Framework. 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 In 2021, 2,300 people attended ChallengeHER webinars, through a program that offers free training webinars, workshops, mentoring, and direct access to government buyers and local partner resources. Bloombergs Gender-Equality Index (since 2016), Human Rights Campaign Corporate Equality Index 100% score (since 2004), Forbes Americas Best Employers for Diversity ranked #24, FORTUNE 100 Best Companies to Work For ranked #8, FORTUNE 100 Best Workplaces for Women ranked #2, Fortune Worlds Most Admired Companies ranked #13, Seramount 100 Best Companies ranked top 10. The survey has an overall margin of error of +/- 2.0%, at the 95% level of confidence. WebEvaluation of American Express. [2] American Express is following the methodology of the SBTi for our commitment to net zero emissions 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. 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. We have a responsibility to support environmental, social, and governance initiatives, from Promoting Diversity, Equity, and Inclusion American Express is committed to supporting a diverse, equitable, and inclusive workforce, marketplace, and society. American Express ESG Report is mapped to the following voluntary reporting standards and frameworks: Global Reporting Initiative (GRI) Standards Core To build financial confidence in economically vulnerable and underserved communities, American Express has provided $265 million in community development Recently announced goals include: American Express ESG Report is mapped to the following voluntary reporting standards and frameworks: Global Reporting Initiative (GRI) Standards Core Option, Sustainability Accounting Standards Board (SASB), and Task Force on Climate-Related Financial Disclosures (TCFD). Backing Small brings together all AMEXs grant programs that focus on small businesses. The forward-looking statements contain words such as expect, goal, commit, plan, will, may, should, could, would, likely, and similar expressions. Learn more at americanexpress.com and connect with on facebook.com/americanexpress, instagram.com/americanexpress, linkedin.com/company/american-express, twitter.com/americanexpress, and youtube.com/americanexpress. 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. 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. , which is seeking to build a supersonic and sustainable airliner. for your eco products needs. Key links to products, services and corporate responsibility information: Environmental, Social, and Governance reports. 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. As part of its goal of advancing climate solutions, American Express has invested more than $150 million since 2019 in the development of facilities that have received green building certification. The forward-looking statements contain words such as expect, goal, commit, plan, will, may, should, could, would, likely, and similar expressions. Key milestones detailed in the report include: Promoting Diversity, Equity, and Inclusion, Sustainable Financing and ESG Reporting Frameworks. At American Express, our ESG mission is to back people and businesses to thrive and create equitable, resilient, and sustainable communities globally. 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. WebESG reports Visas commitment to transparency of our ESG performance and progress includes the publication of our annual Visa ESG report. Offer small business owners access to Business Class, a platform with customised business education resources. 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. We will continue to build on our momentum to back our colleagues, customers and communities and make a positive impact in peoples lives.. CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS. The December figure was impacted by the lack of peak season ordering as retailers worked off excess inventory and the fact that 2021 was a record for air volumes. Learn more about our progress on our Environmental, Social, and Governance (ESG) Strategy in our 2021-2022 ESG Report. The survey has an overall margin of error of +/- 2.0%, at the 95% level of confidence. The forward-looking statements, including the companys aspirational ESG commitments and goals, contain words such as believe, expect, anticipate, intend, plan, aim, will, may, seek, should, could, would, likely, commit, continue or other similar expressions. New York, NY 10285 WebLearn more in our 2021-2022 ESG Report, 2022 Proxy Statement, 2021 Annual Report, Data Protection and Privacy Principles, Privacy Statement, and Privacy Center. 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. Important factors that could cause actual results to differ materially from these forward-looking statements are set forth in the presentation materials and the Company's reports on file with the Securities and Exchange Commission, copies of which can also be found on our website. BOX 505000 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. Specifically, AMEX not only provided these businesses with educational resources, expanded access to credit and loans, grants, marketing support, but also encouraged their own customers to buy from small businesses, by rewarding their purchases. Activity American Express Global Business Travel, Laurel Road, & PURE Insurance. 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. It also expanded its partnership with youth development organization JA Worldwide to bring financial literacy to young people in 11 countries worldwide. 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. WebDec 15, 2021. To further this objective, the company announced a $1 Billion DE&I Action Plan in October 2020, which outlined its initiatives to promote diversity, equity, and inclusion for its colleagues, customers, and communities. American Express Company has announced the settlement of the companys first Environmental, Social, and Governance ( ESG) Bond, the proceeds of which may be allocated toward sustainable financing projects in the Green and Social categories as directed by the newly developed American Express Sustainable Financing American Airlines has produced an annual Corporate Responsibility Report since 2007, but 2020 marked a new phase in the evolution of our reporting on environmental, social and governance (ESG) issues. It was conducted anonymously on November 28, 2021. 1 Based on spend as reported by consumers in surveys commissioned by American Express (not actual receipts or sales). Media: In this years ESG Report, the company is providing greater transparency on its progress, building on the enhanced disclosures and 2020 U.S. EEO-1 data published in the companys 2021 Interim ESG update earlier this year. AMEX also helps individuals and business owners with providing financial literacy, training and mentoring programs through longstanding partnerships with Junior Achievement worldwide. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made. IHG's sustainable management initiatives have earned the company several awards and recognitions, such as being named as the industry leader in sustainability by the Dow Jones Sustainability Indices for the fourth consecutive year in 2020. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. 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. WebAmex GBT's 2021 report documents achievements and commitments in environmental sustainability, diversity, equity and inclusion, and governance standards. The survey has an overall margin of error of +/- 2.0%, at the 95% level of confidence. Five year forecasts of market trends and market growth. If you experience any issues with this process, please contact us for further assistance. WebWith the right backing, people and businesses have the power to progress in incredible ways. American Express Releases 2021-2022 Environmental, Social and Governance (ESG) Report. We are committed to providing responsible, secure and transparent products and services to help people and business build financial resilience. Visit here IMPAKTER ECO connecting many underrepresented-owned small business suppliers with large corporate and government buyers in one-on-one sessions. At American Express, building financial confidence for our colleagues, our customers, and in our communities is a natural extension of our role as a global financial services leader and is a core pillar of our ESG Strategy. For more information on our Build Financial Confidence goals and initiatives, refer to our 2021-2022 ESG Report. As part of our efforts to help clients realize their sustainability goals and protect global communities, American Express Global Business Travel recently became a member of the Global Sustainable Tourism Council (GSTC) a strategic partnership that will bring more transparency and ease to the process of booking sustainable hotels. These values influence the way in which we conduct our business and engage with the communities where we live and work. WebThis includes reduced numbers of volunteers, social distancing, masks, and no sharing of equipment. 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). At American Express Company, we promise to treat your data with respect and will not share your information with any third party. To view the 2021-2022 Environmental, Social and Governance (ESG) Report and learn more about American Express ESG strategy, visithttps://amex.co/ESG. The report covers the calendar year 2021 and in some cases, highlights from programs and initiatives launched in 2022, are covered. Our information and cybersecurity program is designed to identify risks and protect the confidentiality, integrity, and availability of our data, as well as our information systems. 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. The Certificates and Awards received by AMEX only adds more value to the rating as the company has received numerous rewards regarding the management of the workforce, as well as from the customers feedback on the company. The Global Commercial Services segment serves the corporate and small businesses with proprietary cards, payment and expense management services, and commercial financing products. The company was founded by Henry Wells, William G. Fargo and John Warren Butterfield on March 28, 1850 and is headquartered in New York, NY, Helping small businesses build financial confidence is one of AMEXs ESG priorities, especially during the times of inflation, supply chain disruptions, labour shortages and ongoing pandemic impacts. To ensure the most secure and best overall experience on our website, we recommend the latest versions of, 2020-2021 Environmental, Social, and Governance (ESG) Report, commitment to net-zero emissions globally by 2035. The report highlights the companys progress on its ESG 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 framework includes three main priorities: promote diversity, equity and inclusion (D,E&I), advance climate solutions and build financial confidence. 2 Our commitment of more than $300 million, supported Card Member offers as well as marketing to encourage customers in select countries to support small businesses in 2020 and 2021. 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. American Express (NYSE: AXP) is a globally integrated payments company that provides customers with access to products, insights and experiences that enrich lives and build business success. This article explores To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. The company was founded by Henry Wells, William G. Fargo and John Warren Butterfield on March 28, 1850 and is headquartered in New York, NY. 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 WebAmerican Express Travel booking data reinforces this trend, showing a rise in reservations for second-city destinations. , a reservation drive as part of the Shop Small campaign that encouraged millions of people across the country to dine at independent restaurants in March 2022. Examples of initiative include Shop Small campaign to help jumpstart spending at small businesses. 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. 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. 32 Lots Road, London For us, thats a time to reflect on our vision to provide the Over the last year, weve made progress on our commitments across our ESG priorities and set new long-term targets with actionable initiatives. It was conducted anonymously on November 28, 2021. 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. American Express ESG Report is mapped to the following voluntary reporting standards and frameworks: Global Reporting Initiative (GRI) Standards Core Option, Sustainability Accounting Standards Board (SASB), and Task Force on Climate-Related Financial Disclosures (TCFD). We are a leader in providing payment products and services to a broad range of customers, including consumers, small businesses, mid-sized companies and large corporations around the world. P.O. American Express Company provides charge and credit payment card products, and travel-related services worldwide. Index.Impakter.com uses cookies to enhance your experience when visiting the website and to serve you with advertisements that might interest you. 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. We undertake no obligation to update or revise any forward-looking statements. Key milestones detailed in the report include: Promoting Diversity, Equity, and Inclusion. Canada Field sites are individual properties that are not operationally managed by our global real estate team but directly by our business units. 200 Vesey Street Webfor each metric and tracks progress through annual sustainability reports. Learn how. The companys cumulative spend with underrepresented-owned suppliers through 2025 is expected to comprise a significant portion of the projected investment. WebMARCH 24TH @ 6 PM PT 9 PM ET. 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. American Express (NYSE: AXP) today released its2021-2022 Environmental, Social and Governance (ESG) Report. Maintaining 100% Pay Equity&Providing Transparency:For the second consecutive year, American Express maintained 100% pay equity across genders globally, and across races and ethnicities in the U.S., and published comprehensive disclosureson thediversity representation among its global colleague base. Express ( NYSE: AXP ) today released its2021-2022 Environmental, Social, and no sharing of equipment to in. Reporting Frameworks through longstanding partnerships with Junior Achievement worldwide learn more at americanexpress.com and connect with on facebook.com/americanexpress,,... At small businesses these values influence the way in which we conduct our business and engage with SDGs! Field sites are individual properties that are not operationally managed by our Global estate. Mentoring programs through longstanding partnerships with Junior Achievement worldwide include Shop small campaign to help and! Private Securities Litigation Reform Act of 1995 which are subject to risks and.... 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