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NEW YORK--(BUSINESS WIRE)--Nov 4, 2022--
Ahead of the United Nations Climate Change Conference (COP27) taking place next week in Egypt, American Express (NYSE: AXP) is pledging more than $5 million to organizations helping cities and coastal communities build resilience against future climate-related events, including Ocean Conservancy, Urban Sustainability Directors Network, Resilient Cities Catalyst, and Regional Plan Association. These multi-year grants are part of American Express’ Environmental, Social and Governance pillar to advance climate solutions with a goal to back low-carbon communities through at least $10 million in philanthropic funding by 2025.
Earlier this year, the company announced $3.1 million in grants to support nature-based solutions and sustainability efforts in local communities. Including the grants in this announcement, American Express has now pledged over $8 million in grants towards its $10 million philanthropic goal.
“Combating climate change starts at the local level as the negative impacts of climate-related events are experienced in local communities with regional organizations and leaders on the front lines driving action and disaster response,” said Madge Thomas, Head of Corporate Sustainability and President of the American Express Foundation. “We’ve seen the impact of extreme weather events in cities around the world, which is why we’re making it a priority to invest in initiatives that provide cities with infrastructure and tools to prepare for disasters, which can help them to remain safe and thriving centers of community, commerce and tourism.”
American Express’ new partnerships include:
To learn more about American Express’ ESG strategy to support colleagues, customers and communities, check out its 2021-2022 Environmental, Social and Governance (ESG) Report at https://go.amex/esg.
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View source version on businesswire.com:https://www.businesswire.com/news/home/20221104005134/en/
CONTACT: MEDIA CONTACT:
Ashley Tufts,Ashley.Tufts@aexp.com, +1-212-640-3193
KEYWORD: NEW YORK UNITED STATES NORTH AMERICA
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SOURCE: American Express
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PUB: 11/04/2022 09:00 AM/DISC: 11/04/2022 09:02 AM
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