American Express
American Express
American Express is a multinational financial services corporation that provides a range of financial products and services, including credit cards, business services, and travel-related services. The company has been in operation since 1850.
Positive signals
Sustainalytics rates American Express as having a moderate ESG risk profile, with the company demonstrating strong management of material ESG issues relevant to the consumer finance sector.
Fitch Ratings assigned American Express a score of '3' for ESG, indicating that ESG issues are credit-neutral or have only a minimal credit impact on the entity, reflecting generally sound management of material ESG risks.
American Express has set ambitious climate targets validated by the Science Based Targets initiative (SBTi) in August 2024, including a commitment to reach net-zero greenhouse gas emissions across its value chain by 2050, with near-term goals to reduce absolute Scope 1 and 2 emissions by 60% and Scope 3 emissions by 35% by 2033 from a 2019 base year.
Concerns
According to Sustainalytics, American Express has faced a 'High' level controversy in the past three years, indicating a significant ESG-related incident or issue that has impacted its risk rating.
HIGH
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