American Express

American Express, a US-based financial intermediation services company, reported total carbon emissions of approximately 1.93 billion kg CO2e in 2024. This figure comprises about 21.8 million kg CO2e from Scope 1 emissions, 1.76 million kg CO2e from Scope 2 market-based emissions, and approximately 1.9 billion kg CO2e from Scope 3 emissions.

In 2023, the company's Scope 1 emissions were approximately 28.95 million kg CO2e, and Scope 2 market-based emissions were about 2.27 million kg CO2e. Limited Scope 3 data was available for 2023, including approximately 18.06 million kg CO2e from business travel and 807,000 kg CO2e from waste generated in operations.

American Express has committed to several climate targets validated by the Science Based Targets initiative (SBTi). The company aims to achieve net-zero greenhouse gas emissions across its value chain by 2050. Near-term targets include reducing absolute Scope 1 and 2 GHG emissions by 60% by 2033 from a 2019 base year. Additionally, they plan to reduce absolute Scope 3 emissions by 35% within the same timeframe. Long-term targets aim for a 90% reduction in absolute Scope 1 and 2 GHG emissions by 2050 from a 2019 base year, with a corresponding 90% reduction in absolute Scope 3 GHG emissions.

Further, American Express has set a target to reduce energy use by 35% across its managed facilities by 2025, compared to a 2011 baseline. Another near-term target from 2016 committed to a 10% reduction in GHG emissions by the end of 2016 versus a 2011 baseline.