American Express Announces New Climate Efforts

American Express Announces New Climate Efforts - Carbon Herald
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American Express just announced a series of new climate initiatives dedicated to supporting low-carbon communities and reducing CO2 emissions. 

The announcement was made in honor of Earth Month and includes new short- and long-term commitments to cut emissions, which were submitted to the Science Based Targets initiative (SBTi) for validation by the end of 2023.

This is all in line with the company’s strategy to achieve carbon neutrality by 2035. 

Other initiatives include the expansion of the proprietary Carbon Footprint Tool for only a limited number of corporate clients to include additional categories of spend.

The Carbon Footprint Tool allows businesses and organizations to keep track of their emissions, which are calculated based on their spending across food, beverage, travel, retail and other categories. 

Furthermore, the tool also offers a variety of offsetting options curated by American Express to mitigate climate change. 

Next on the list of new climate initiatives is the revival of “Shop with Purpose” Amex Offers for eligible Card Members, available throughout Earth Month, which reward small and large corporate clients for purchases made from select corporations.

Relevant: Mizuho Bank Invests $5M In Clean Tech Company MCi Carbon

“This Earth Month, we’re introducing new digital solutions that enable our U.S. Consumer and Small Business Card Members and select Corporate clients to better understand their estimated carbon footprints and work towards a low-carbon future,” said Madge Thomas, Head of Corporate Sustainability and President of American Express Foundation.

Finally, American Express is launching a brand new pilot experience for consumers and small businesses to help them better understand their own carbon footprint and engage in efforts to remove CO2 from the air. 

The suite offers several tools, including the Amex Estimated Carbon Emissions Tracker, Contribution Services for Carbon Removal Projects, with an option to set up monthly contributions via Cloverly, and the Carbon Reduction Insights, which offers tips from Carbon Direct on how to curb your carbon impact.

Read more: How To Decarbonize Corporate Travel? Banks And Tech Think Sustainable Aviation Fuel Might Be The Answer

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