american express climate change

Operations include all our managed facilities, field sites, and data centers. For example, 20,000 years ago, much of the United States was covered in glaciers. 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. 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. 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. Prepaid rental cars (booked through American Express Travel) 1 point . 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. They're often forced to live in makeshift homes, on land prone to flooding, storms and landslides. They said it would be deadly and it would be more frequent. The IAP went through several positive changes in recent years. Weve seen the recent actions by the SEC and European regulators. The color represents more than 50 years of serving customers, and the card itself marks an environmental first for the company. Interestingly, only in Singapore do more . CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS. Shipping takes from 3 to 5 business days in Europe, depending on the destination. Current news and data streams about global warming and climate change from NASA. . 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. - Tim Flannery. For example, more than one million African Americans live within a half-mile of natural gas facilities, over one . Earlier this year, the company announced $3.1 million in grants to support nature-based solutions and sustainability efforts in local communities. 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. Enhance the management of climate-related risks and opportunities across our business. EXPANDING AVAILABILITY OF RECYCLED PLASTIC CARDS. You can: Reduce your own energy consumption and waste. 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. American Express (NYSE: AXP) today announced plans to introduce new digital solutions to enable corporate clients to better understand and manage their carbon footprint, including digital carbon tracking and offset solutions, and the expansion of its recycled plastic cards. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. 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. 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. 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. build an active network of volunteers, including American Express colleagues around the world. Weve seen the impact of extreme weather events in cities around the world, which is why were making it a priority to invest in initiatives that provide cities with infrastructure and tools to prepare for disasters, which can help them to remain safe and thriving centers of community, commerce and tourism.. 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. 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. 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? Key links to products, services and corporate responsibility information: Environmental, Social, and Governance reports, Photo Credit_Courtesy of Ocean Conservancy. More than 920,000 expired or non-working cards have been recycled to date. These are the top 10 climate crisis stories of 2021. 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. A growing, disruptive cutting-edge technology is actually helping humans and society. Climate change is a real issue in the political campaign of 2020. to address climate change and disaster resilience in New York City and the greater tri-state region, including northern New Jersey and southeastern Connecticut. "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. The climate crisis can feel like an overwhelming topic and can be a source of anxiety for kids and families. By providing your email address, you agree to receive the Business Class: The Brief Newsletter and related marketing communications from American Express. Operations include all our managed facilities, field sites, and data centers). American Express Environmental, Social, and Governance strategy is centered around three core pillars: Promoting Diversity Equityand Inclusion, Building Financial Confidence,andAdvancing Climate Solutions. 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.. 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. 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.. While climate change affects all of us, it affects those already battling socioeconomic hardships even more. 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. 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. . 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. 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. Track spending & rewards, find offers, review your balance, pay your bill and enjoy features only available in the Amex App. 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. 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 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. Along with helping you track, we'll provide . Expect handpicked insights and inspiration for small businesses straight to your inbox. On top of that, the nine most recent years have been the hottest. Since the launch of this program in 2019, American Express has recycled more than 1.3 million cards, including cards returned by Card Members. To learn more about American Express approach to ESG to support colleagues, customers and communities, check out its 2020-2021 Environmental, Social, and Governance (ESG) Report. Were all still learning in this space and its important to be ambitious and practical by doing what we can as a company to reduce our emissions as much as possible while doing our part to ensure a low-carbon future. These grants support nature-based solutions and sustainability efforts in local communities, particularly in urban areas. Managed facilities are individual properties operationally managed by our global real estate team and housing critical business functions. 1. Overall, people who believe a majority of Americans think global warming is happening are more likely to express pro-climate views and behaviors. It's no longer taboo to talk about climate change in the business world; here's what . Today's breaking news and more in your inbox. 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. Explore to learn trends in business and get valuable insights. Wells Fargo & Co. became the latest to announce its net-zero plans yesterday. Azar Boehm, Azar.Boehm@aexp.com, +1.212.225.4052, American Express Commits to Net-Zero Emissions Globally By 2035, AXP_BlueBoxLogo_LARGEscale_RGB_DIGITAL.jpg. CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS. 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. Since 1896, average winter temperatures across the contiguous 48 states have increased by nearly 3F. 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. Melting ice caps and rising sea waters. 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. 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. 5. 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 advance climate . How are we enhancing our operations and providing solutions to meet customer and community needs in the transition to a low-carbon society? American Express relaunched its classic Green Card last week. Operations include all our managed facilities, field sites and data centers. Learn more 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. 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. 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. American Express is leaning in where we can use our powerful backing to best serve our customers, colleagues, and communities. MacDonald was a high-ranking American scientist who . But to be authentic, its important to understand that our action and impact shouldnt be limited to a moment. American Express, Bank of America, Capital One, Chase, Citi and Discover. 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 report was immediately met by skeptics who disputed his analysis on the link between climate change and certain health ailments. The 2019 survey canvassed 25,325 people online across much of . Field sites are individual properties that are not operationally managed by our global real estate team but directly by our business units. 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. Droughts. 10. 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. 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. 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. 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. Were sorry, but it looks like something went wrong. . The shares who express concern range from 64% in Australia to 88% in South Korea. It has become a potent issue for political fundraising and is a key difference between the candidacies of Donald Trump and Joe Biden. Democrats remained highly supportive (rising slightly from 86% to 88%). 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. 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. 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 . Through our actions at home and our leadership abroad, the United . Robots to the rescue. 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. But many are expressing surprise . 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. Ashley Tufts, Ashley.Tufts@aexp.com, +1-212-640-3193 59% of those surveyed view climate change as a "very" or "extremely important" issue, a 10-point increase from 2018. Our Executive Committee and Board members have been engaged throughout the process and provided strong insights that helped us closely align our ESG strategy with our businesses and turn it into action. 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. American Express is a globally integrated payments company, providing customers with access to products, insights and experiences that enrich lives and build business success. In addition, the grant will support the creation of a Climate Change Master Class that will be accessible virtually later this year to American Express colleagues. 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. I'm interested in (please check all that apply) Daily Newsletter; Breaking News 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. 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. How do you envision Amexs colleague-led volunteer program, Green2Gether, evolving now that many colleagues are back to working in-person at least part-time? 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. This signals the companys belief, alongside more than 2500 organizations, that the TCFD framework increases transparency on climate related risks in the financial markets. 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. 2020-2021 Environmental, Social, and Governance (ESG) Report, Environmental, Social, and Governance reports, https://www.businesswire.com/news/home/20220406005316/en/. These grants support nature-based solutions and sustainability efforts in local communities, particularly in urban areas. 2 This Morning Consult poll was conducted between March 8-13th, 2022 among a national sample of 2,000n US and 1,000n travelers in Japan, Australia, Mexico, India, UK, and Canada who have a household income of at least $70K and defined as adults who typically travel by air at least once a year. INTRODUCING LOW-CARBON SOLUTIONS FOR CUSTOMERS. American Express is pledging more than $5 million to organizations helping cities and coastal communities build resilience against future climate-related events. 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. For details, see the Seasonal Temperature indicator. Operations include all our managed facilities, field sites and data centers. Bold action to tackle the climate crisis is more urgent than ever. 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. But some states are in better shape to withstand it than others. American Express and Ocean Conservancy have been partnering on beach cleanup events since 2018 as part of the company's Green2Gether program. 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. Current policies put the world on pace for roughly 2.9 degrees Celsius of warming by 2100. 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. Beyond efforts to reduce its own carbon footprint, American Express is committed to supporting climate action through community giving efforts. 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. Companies, like American Express, have a significant role to play and our stakeholders are increasingly expecting us to be an agent for change. Jen Skyler, Chief Corporate Affairs Officer, and Madge Thomas, Head of Corporate Sustainability, discuss how American Express is advancing climate solutions as we celebrate Earth Month. Amazon (pay with points at checkout) 1 point = 0.7 cents. The most recent artwork on view is a hand-woven basket made from 16mm film, created by Mi'kmaq and Onondaga artist Gail Tremblay. American Express is a globally integrated payments company, providing customers with access to products, insights and experiences that enrich lives and build business success. For more information on our Advance Climate Solutions goals and initiatives, refer to our 2021-2022 ESG Report. EXPANDING AVAILABILITY OF RECYCLED PLASTIC CARDS. 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. 2 This Morning Consult poll was conducted between March 8-13th, 2022 among a national sample of 2,000n US and 1,000n travelers in Japan, Australia, Mexico, India, UK, and Canada who have a household income of at least $70K and defined as adults who typically travel by air at least once a year. 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 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. 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. JS: There was an extensive process of identifying which issues were important to us as a company. The record-breaking heat, floods, storms, drought, and wildfires devastating communities around the world underscore the grave risks we already face. 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