American Express Announces New Initiatives to Advance Climate Action and Support Low-Carbon Communities
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 4/7/2022
April 6, 2022 9:01 AM EDT
Get inside Wall Street with StreetInsider Premium. Claim your 1-week free trial here.
Company plans to introduce new digital solutions to help corporate clients better understand their carbon footprint and expand the availability of its recycled plastic cards
As part of its $10 million philanthropic commitment toward climate action, the company is providing $2.25 million in grants to American Forests, National Park Foundation, and Earthwatch Institute
NEW YORK–(BUSINESS WIRE)– 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