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.
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.
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.
American Express's score of 68 is higher than 99% of the industry. This can give you a sense of how well the company is doing compared to its peers.
In 2023, American Express reported total carbon emissions of approximately 50,092,000 kg CO2e. This includes 28,952,000 kg CO2e from Scope 1 emissions, 2,269,000 kg CO2e from Scope 2 (market-based), and 18,871,000 kg CO2e from Scope 3 emissions, primarily driven by business travel (18,064,000 kg CO2e). The company's emissions from Scope 1 and 2 combined totalled about 31,221,000 kg CO2e (market-based). American Express has set ambitious climate commitments, aiming for net-zero emissions by 2035, in alignment with the Science Based Targets initiative (SBTi). The company plans to reduce absolute Scope 1 and 2 greenhouse gas emissions by 60% by 2033 from a 2019 baseline and by 90% by 2050. Additionally, it aims to cut absolute Scope 3 emissions by 35% by 2033 and 90% by 2050. In terms of energy efficiency, American Express is committed to reducing energy use by 35% across its managed facilities compared to a 2011 baseline by 2025. These initiatives reflect the company's proactive approach to addressing climate change and reducing its carbon footprint across all scopes of emissions.
Access structured emissions data, company-specific emission factors, and source documents
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 | 000,000,000 | 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 | 0,000,000 | 000,000 | 00,000,000 | 00,000,000 |
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.