American Express
American Express Company, commonly known as Amex, is a leading player in the financial services industry, headquartered in the United States. Founded in 1850, the company has evolved significantly, establishing itself as a premier provider of charge cards, credit cards, and travel-related services. With a strong presence in North America, Europe, and Asia, American Express is renowned for its unique rewards programmes and exceptional customer service. The company’s core offerings include personal and business credit cards, travel services, and merchant solutions, all designed to enhance customer experiences. American Express has achieved notable milestones, such as being one of the first companies to introduce a traveler's cheque. Its commitment to innovation and customer satisfaction has solidified its position as a trusted brand in the financial sector, making it a preferred choice for millions worldwide.
DitchCarbon Score
How does American Express's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
American Express's score of 67 is higher than 99% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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American Express's reported carbon emissions
In 2021, American Express reported total carbon emissions of approximately 22,580,000 kg CO2e. This figure includes 17,754,000 kg CO2e from Scope 1 emissions, which are direct emissions from owned or controlled sources, and 3,976,000 kg CO2e from Scope 2 emissions, related to the generation of purchased electricity, steam, heating, and cooling. Additionally, the company recorded 850,000 kg CO2e in Scope 3 emissions, which encompass indirect emissions from business travel and waste generated in operations. American Express has set ambitious climate commitments, aiming for net-zero emissions across its entire value chain by 2050. The company has also pledged to reduce absolute Scope 1 and 2 greenhouse gas emissions by 60% by 2033, using 2019 as the baseline year. Furthermore, it aims to cut Scope 3 emissions by 35% within the same timeframe. By 2050, American Express plans to achieve a 90% reduction in both Scope 1 and 2 emissions, as well as Scope 3 emissions. These commitments align with the Science Based Targets initiative (SBTi), demonstrating American Express's dedication to addressing climate change and reducing its carbon footprint in the financial services sector.
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| 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|
| Scope 1 | 24,363,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 3,153,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 53,398,000 | 0,000,000 | 000,000 | 00,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
American Express is committed to some reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
