Sustainability & Reporting

Climate: Moving Toward Net-Zero Emissions

In August 2024, the SBTi validated American Express’ targets shown below. Our targets reflect our commitment to net-zero emissions by 2050.¹

SBTi Validated Science Based Targets¹

Overall Net-Zero Target:

American Express Company commits to reach net-zero greenhouse gas emissions across the value chain by 2050

Near-Term Targets:

Reduce absolute Scope 1 and 2 GHG emissions 60% by 2033 from a 2019 base year
Reduce absolute Scope 3 emissions 35% by 2033 from a 2019 base year
75% of Membership Rewards redemption partners and cobrand partners by emissions covering beyond the minimum boundary emissions from purchased goods and services have science-based targets by 2028

Long-Term Target:

Reduce absolute Scope 1 and 2 GHG emissions 90% by 2050 from a 2019 base year and absolute Scope 3 GHG emissions 90% within the same timeframe

Please refer to our Investor Relations site for additional reporting and resources.

¹The emissions included in our SBTi-validated targets are determined in accordance with the SBTi’s minimum target boundaries as provided in their Corporate Net-Zero Standard, which generally cover 95% of Scope 1 and 2 emissions for both near- and long-term targets, and 67% and 90% of Scope 3 emissions for near- and long-term targets, respectively. Scope 3 emissions reflected in our net-zero and Scope 3 emissions reductions targets include those emissions from purchased goods and services, capital goods, fuel and energy-related activities, waste generated in operations, employee business travel, employee commuting, and investments. Emissions related to goods or services provided by third parties in connection with the Membership Rewards program and cobrand cards are addressed separately through our near-term partner engagement target rather than as part of our net-zero and Scope 3 emissions reduction targets. Our near-term partner engagement target reflects emissions that are outside of SBTi’s minimum boundary for Scope 3, Category 1 emissions. Emissions with partners that are included within SBTi’s minimum boundary for Scope 3, Category 1, are included in our net-zero and Scope 3 emissions reduction targets.

Information regarding our net-zero target and near-term and long-term targets are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and are subject to risks and uncertainties. You should refer to American Express' ESG Reports and reports filed with the Securities and Exchange Commission for information regarding uncertainties and other risks that may cause American Express' actual results to differ materially from those described in any forward-looking statements.

Sustainability & Reporting

Climate: Moving Toward Net-Zero Emissions

SBTi Validated Science Based Targets1

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SBTi Validated Science Based Targets¹