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 71 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 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 has set ambitious climate commitments, aiming for net-zero emissions across all scopes by 2050, in alignment with the Science Based Targets initiative (SBTi). American Express has established several reduction targets: 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. Additionally, they aim for a 90% reduction in absolute Scope 1 and 2 emissions by 2050, also from a 2019 base year. The company is on track to reduce energy use by 35% across managed facilities by 2025 compared to a 2011 baseline. These initiatives reflect American Express's commitment to sustainability and its proactive approach to addressing climate change within the financial services sector.
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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.
