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 65 is higher than 81% 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 2023, American Express reported total carbon emissions of approximately 31,221,000 kg CO2e for Scope 1 and 2 combined (market-based), with Scope 1 emissions at about 28,952,000 kg CO2e and Scope 2 emissions at approximately 2,269,000 kg CO2e. Additionally, Scope 3 emissions included about 18,064,000 kg CO2e from business travel and 807,000 kg CO2e from waste generated in operations. This reflects a significant increase in emissions compared to 2022, where total Scope 1 and 2 emissions were approximately 24,022,000 kg CO2e. American Express has set ambitious climate commitments, aiming for net-zero emissions across all scopes by 2050. Near-term targets include a 60% reduction in absolute Scope 1 and 2 GHG emissions by 2033 from a 2019 baseline and a 35% reduction in absolute Scope 3 emissions within the same timeframe. Furthermore, the company aims to achieve a 90% reduction in both Scope 1 and 2 emissions by 2050, alongside a similar target for Scope 3 emissions. The company is also committed to reducing energy use by 35% across its managed facilities by 2025, compared to a 2011 baseline. These targets align with the Science Based Targets initiative (SBTi) and reflect American Express's dedication to addressing climate change and reducing its carbon footprint.
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| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 36,158,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 126,270,000 | 000,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 33,173,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000 | 000,000 | 00,000,000 | 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 participating in some of the initiatives that 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.
