Regan Brown
American Express has committed to achieving net-zero emissions globally by 2035. The company has introduced the Amex Green Card, which is made from 70% reclaimed plastic and targets environmentally conscious consumers. American Express Global Business Travel (GBT) is also investing in sustainable aviation fuel (SAF) to accelerate the transition to net-zero emissions. These initiatives indicate that American Express is actively working towards reducing its environmental impact and promoting sustainable practices.
| Characteristics | Values |
|---|---|
| Amex Cards | Amex Green Card, American Express Green Card |
| Card Material | 70% reclaimed plastic collected from beaches, islands, and coastal communities |
| Card Rewards | Bonus rewards on travel and dining |
| Card Rewards (continued) | 3X Membership Rewards® points on eligible travel |
| Card Rewards (continued) | 3X Membership Rewards® points on dining at restaurants |
| Card Rewards (continued) | 1X Membership Rewards® per $1 spent on other purchases |
| Card Rewards (continued) | 40,000 Membership Rewards® Points after spending $3,000 on purchases in the first 6 months of Card Membership |
| Card Features | Mobile assistant to help book flights, hotels, check rewards balances, or ask account questions |
| Card Features (continued) | Split the bill and keep the rewards by requesting payment from friends through the Amex app |
| Card Features (continued) | Pay Over Time: Carry a balance with interest on eligible charges up to a preset limit |
| Card Features (continued) | Amex Offers: Receive savings or bonus rewards by spending a certain amount by a set date |
| Amex's Commitment | Net-zero emissions globally by 2035 |
| Amex GBT | World's leading B2B travel platform providing software and services to manage travel, expenses, and meetings and events for companies of all sizes |
| Sustainable Aviation Fuel (SAF) | SAF can reduce CO2 emissions by 80% or more compared to fossil-based jet fuel |
| SAF Investment | Invested in United Airlines Ventures Sustainable Flight Fund |
| SAF Investment Goal | Signed the World Economic Forum’s Clean Skies for Tomorrow ambition statement to power global aviation with 10% SAF by 2030 |
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What You'll Learn
- American Express's commitment to net-zero emissions by 2035
- The Amex Green Card for eco-friendly consumers
- Sustainable Aviation Fuel (SAF) and its environmental benefits
- American Express Global Business Travel (GBT) as a B2B travel platform
- Amex's investment in United Airlines Ventures Sustainable Flight Fund
American Express's commitment to net-zero emissions by 2035
American Express has demonstrated its commitment to achieving net-zero emissions by 2035 through a comprehensive approach that involves both internal initiatives and external partnerships.
Internally, American Express has been carbon neutral across its operations since 2018 and is powered entirely by renewable energy. To further reduce its carbon footprint, the company has launched innovative products such as the first American Express Card made primarily from reclaimed plastic collected from beaches and coastal areas. Additionally, they introduced a Card Take Back program, which has resulted in the recycling of over 920,000 expired or non-working cards. American Express also offers a Carbon Footprint Dashboard to select commercial clients, enabling them to track emissions data associated with their air travel. Furthermore, the company has planted more than 150,000 trees in collaboration with The Nature Conservancy's Plant A Billion Trees program.
In alignment with its net-zero goal, American Express plans to work closely with its suppliers and vendors to reduce their impact on the company's value chain. The company will invite its partners to track, reduce, and neutralize their operational greenhouse gas emissions, with a focus on top vendors responsible for a significant portion of its third-party spend. This initiative is a crucial step in achieving the company's net-zero target and demonstrates its commitment to engaging its partners in sustainability efforts.
American Express has also made significant financial commitments to support climate action. The company, along with the American Express Foundation, plans to provide a minimum of $10 million by the end of 2025 toward initiatives, partnerships, and programs that address the adverse effects of climate change. This funding will be directed towards organizations driving action on climate change and building more climate-resilient and equitable communities.
To ensure a strategic approach to its net-zero goal, American Express will follow the Science Based Targets initiative (SBTi) methodology to set targets for its global operations and supply chain over the next two years. The company will also join the 'Business Ambition for 1.5°C' commitment and Race to Zero, aligning with the ambitious objective of limiting global warming to 1.5°C as outlined in the 2015 Paris Agreement.
Through these comprehensive efforts, American Express demonstrates its commitment to net-zero emissions by 2035, contributing to the global fight against climate change and its devastating impacts.
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The Amex Green Card for eco-friendly consumers
American Express, also known as Amex, has demonstrated its commitment to eco-friendly initiatives and consumers. Notably, the company has pledged to achieve net-zero emissions globally by 2035, recognising the importance of environmentally and socially responsible products and services. This commitment is reflected in the introduction of the Amex Green Card, designed with environmentally conscious consumers in mind.
The Amex Green Card is an experiential travel card that stands out from other high-end rewards cards. While many premium cards are made of metal, the Green Card from Amex is constructed from 70% reclaimed plastic collected from beaches, islands, and coastal communities, in collaboration with Parley for the Oceans. This unique composition underscores Amex's dedication to sustainability and eco-friendliness.
The card offers bonus rewards specifically tailored for eco-friendly consumers who value sustainable travel options. Cardholders can earn 3X Membership Rewards® points on eligible travel expenses, including flights, hotels, tours, car rentals, ride-shares, and more. Additionally, cardholders earn 3X Membership Rewards® points when dining at restaurants, encouraging support for sustainable dining practices. All other purchases earn 1X Membership Rewards® per $1 spent.
The Amex Green Card also provides a welcome bonus of 40,000 Membership Rewards® Points after cardholders spend $3,000 on purchases within the first 6 months of Card Membership. This bonus offers significant value to eco-friendly consumers who frequently make sustainable travel and dining choices. Moreover, cardholders can take advantage of Amex Offers, which provide savings or bonus rewards when spending a certain amount by a set date. These offers further enhance the card's appeal to environmentally conscious consumers.
The card also offers a range of features to assist cardholders in their daily lives. Within the Amex app, users can access a mobile assistant to book flights or hotels, check rewards balances, or ask account-related questions. The app also enables users to split bills and keep the rewards, allowing them to request payment from friends directly through the app. Additionally, the "Pay Over Time" feature lets cardholders carry a balance with interest on eligible charges, providing flexibility in managing finances.
In summary, the Amex Green Card is an excellent choice for eco-friendly consumers seeking a travel card that aligns with their values. With its commitment to sustainability, bonus rewards on travel and dining, and helpful features, the Amex Green Card empowers environmentally conscious individuals to make a positive impact while enjoying the benefits of a competitive rewards program.
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Sustainable Aviation Fuel (SAF) and its environmental benefits
Sustainable Aviation Fuel (SAF) is a liquid fuel currently used in commercial aviation that offers significant environmental benefits. SAF reduces carbon dioxide (CO2) emissions by up to 80%aviation industry's goal of net-zero carbon emissions by 2050. SAF is produced from a diverse range of sources, including waste oils and fats, green and municipal waste, non-food crops, and carbon-rich waste gases, ensuring that it does not compete with food crops or water supplies. SAF can also be produced synthetically by capturing carbon directly from the air, further contributing to its sustainability.
One of the key advantages of SAF is its compatibility with existing aircraft and infrastructure. It can be blended with conventional jet fuel, allowing for a seamless transition to more sustainable practices without requiring extensive modifications. This blend must be carefully tuned to achieve the key properties needed for safe and reliable aircraft operation. ASTM standards are in place to ensure fuel quality and outline the approved SAF-based fuels and their allowable percentages in blends.
The production of SAF offers economic and environmental benefits. The expansion of biomass production can create new economic opportunities in agricultural and urban communities, boost aircraft performance, and improve the environment. The United States, as the largest producer of biofuels, stands to gain significantly from increased SAF production, including job creation and reduced emissions. The U.S. Department of Energy Bioenergy Technologies Office is working to realize the potential of sustainable biofuels in the aviation industry, fostering the growth of an advanced bioeconomy.
The consumption of SAF is increasing, with the U.S. Environmental Protection Agency (EPA) reporting a rise from 5 million gallons in 2021 to an estimated 24.5 million gallons in 2023. The aviation industry is committed to expanding SAF consumption further, with goals of 3 billion gallons by 2030 and 35 billion gallons by 2050. These targets, along with increasing policy support and the competitiveness of SAF, will drive the necessary massive increase in production to meet demand and achieve sustainability goals.
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American Express Global Business Travel (GBT) as a B2B travel platform
American Express has shown its commitment to reducing its environmental impact by investing in sustainable aviation fuel (SAF). SAF can reduce carbon dioxide emissions by 80% or more when compared to fossil-based jet fuel. By investing in SAF, American Express is taking definitive action to help increase its demand and supply, and accelerate the journey towards net-zero emissions.
American Express Global Business Travel (GBT), as a B2B travel platform, is the world's leading platform for managing business travel. GBT provides software and services to manage travel, expenses, and meetings and events for companies of all sizes. This includes configurable travel tech for a personalized experience, flexible and scalable travel management, and unified travel and expense management built for global travel at scale.
GBT offers all-in-one employee spend management, allowing businesses to track and manage their employee's travel expenses. GBT's hotel marketplace provides businesses with access to a range of accommodation options, while its data analytics and reporting tools enable businesses to gain insights into their travel spend and make informed decisions.
GBT also offers a range of services to support businesses in managing their travel programs effectively. These include duty of care, traveler care, booking and saving options, and expense management solutions. GBT's legal division, Lawyers Travel, provides complete travel solutions for travel managers, administrators, and traveling attorneys.
American Express has also introduced the Amex Green Card, a travel credit card designed for the eco-friendly consumer. The card is made from 70% reclaimed plastic and offers bonus rewards on travel and dining purchases. Cardholders can earn Membership Rewards points on eligible travel and dining expenses, and access a mobile assistant within the Amex app to book flights, hotels, and manage their rewards.
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Amex's investment in United Airlines Ventures Sustainable Flight Fund
American Express has committed to achieving net-zero emissions globally by 2035. As part of this initiative, Amex has invested in the United Airlines Ventures Sustainable Flight Fund, which is dedicated to reducing emissions and promoting the production of sustainable aviation fuel (SAF).
The fund, launched initially with over $100 million, has now grown to nearly $200 million in investment commitments from United and corporate partners. Amex Global Business Travel is one of the 22 corporate partners that make up the fund. Other partners include Air Canada, Aviation Capital Group, Boeing, and Google.
The UAV Sustainable Flight Fund is a unique effort to support start-ups focused on decarbonizing air travel through SAF research, technology, and production. United Airlines has also involved its customers in this sustainability drive by giving them the option to contribute to the fund when booking flights.
United aims to be net-zero by reducing its greenhouse gas emissions by 100% by 2050, without relying on traditional carbon offsets. To achieve this, they have launched a SAF purchasing program, the Eco-Skies Alliance, and established a venture fund to identify and invest in companies and technologies that can help decarbonize air travel. These strategic investments include carbon capture, hydrogen-electric engines, electric regional aircraft, and air taxis.
United has also invested in the future production of over five billion gallons of SAF, the most of any airline in the world. This demonstrates the airline's commitment to building a sustainable aviation ecosystem and supporting the scaling of the SAF industry.
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Frequently asked questions
No, Amex does not directly invest in fossil fuels. In fact, Amex has committed to achieving net-zero emissions globally by 2035 and has invested in Sustainable Aviation Fuel (SAF) to help accelerate the transition to net-zero emissions.
Amex has introduced the Amex Green Card, a travel credit card designed for eco-friendly consumers. The card is made from 70% reclaimed plastic and offers rewards on travel and dining purchases. Additionally, Amex has partnered with Parley for the Oceans to source plastic for their cards from beaches, islands, and coastal communities.
The Amex Green Card offers 3X Membership Rewards® points on eligible travel and dining purchases and 1X Membership Rewards® for every $1 spent on other purchases. Cardholders can also take advantage of features like the mobile assistant for booking flights and hotels, the ability to split bills and keep rewards, and the 'Pay Over Time' option, which allows for carrying a balance with interest on eligible charges.
