American Express (NYSE: AXP) today announced plans to introduce new digital solutions to enable corporate clients to better understand and manage their carbon footprint, including digital carbon tracking and offset solutions, and the expansion of its recycled plastic cards. To celebrate Earth Month, the company is also launching “Shop with Purpose” Amex Offers to reward eligible customers for shopping with purpose throughout April. In addition, as part of its $10 million grant commitment announced last year, American Express is also providing $2.25 million to organizations tackling the effects of climate change in local communities, particularly urban areas.
“We’re excited to kick off Earth Month by introducing our new suite of offerings that will enable our corporate clients to make carbon conscious decisions and support community organizations doing important work to promote a low-carbon future,” said Jennifer Skyler, Chief Corporate Affairs Officer. “These new initiatives build on the work we have done to reduce our own carbon footprint by engaging our colleagues, customers and community partners in initiatives that address the climate crisis.”
The company previously committed to net-zero carbon emissions by 2035, aligned with the Science Based Targets initiative, and has been a carbon neutral company powered by 100% renewable electricity across its global operations since 20181.
INTRODUCING LOW-CARBON SOLUTIONS FOR CUSTOMERS
According to the latest Amex Trendex2, a trend report from American Express, 76% of consumers surveyed feel a greater urgency to address climate change than they did a year ago. Yet, 84% of consumers surveyed agree they would like to better understand their carbon footprint, and 65% agree they are unsure of what actions they can personally take to reduce it.
Last year, American Express announced a goal to pilot low-carbon product innovations for its customers as part of its Advancing Climate Solutions initiatives, which is a core pillar of the company’s ESG strategy. In support of that goal, the company plans to make new digital products and services available later this year to help customers understand their carbon footprint.
To help corporate clients better understand their impact and take action to manage