American Express

American Express's reported carbon emissions

American Express's latest disclosed carbon emissions data is from 2024, reporting a total of approximately 1.93 billion kg CO2e. This includes Scope 1 emissions of about 21.82 million kg CO2e, and Scope 2 emissions (market-based) of approximately 1.76 million kg CO2e. Scope 3 emissions accounted for the vast majority, totalling around 1.90 billion kg CO2e, with purchased goods and services representing the largest portion at approximately 794.81 million kg CO2e. The company has set ambitious climate commitments. American Express has committed to achieving net-zero greenhouse gas emissions across its value chain by 2050, with targets validated by the Science Based Targets initiative (SBTi) in 2024. Near-term targets include reducing absolute Scope 1 and 2 GHG emissions by 60% by 2033 from a 2019 base year. Additionally, they aim to reduce absolute Scope 3 emissions by 35% within the same timeframe. A further long-term goal is to reduce absolute Scope 1 and 2 GHG emissions by 90% by 2050, and absolute Scope 3 GHG emissions by 90% within the same timeframe, also from a 2019 baseline. Further emission reduction initiatives include a commitment to reduce energy use by 35% across managed facilities compared to a 2011 baseline by 2025. They also aim for carbon neutrality by 2050. American Express has also committed to ensuring that 75% of its membership rewards redemption partners and cobrand partners, by emissions covering beyond the minimum boundary, will have science-based targets by 2028.