American Express publishes California voluntary carbon market disclosures report
AXP•American Express reported that its Scope 1 and 2 market-based emissions rose approximately 2% in 2025 from the 2019 baseline. It purchased 70,520 metric tons of carbon dioxide equivalent offsets and said partners representing approximately 79% of relevant emissions had science-based targets.
1. Emissions and targets
American Express said its Scope 1 and 2 market-based emissions rose approximately 2% in 2025 from the 2019 baseline. Its targets include cutting Scope 1 and 2 emissions 60% by 2033 from that baseline and reaching net-zero emissions by 2050.
2. Partners and offsets
Rewards redemption and cobrand partners representing approximately 79% of relevant emissions had science-based targets, exceeding the company’s 75% target for 2028. American Express purchased 70,520 metric tons of carbon dioxide equivalent offsets to help maintain carbon-neutral certified operations. Recalculation of the 2019 Scope 3 emissions baseline remains underway, with progress toward reduction targets expected to be updated accordingly.
