American Express Commits Over $5 Million to Help Cities Build Resilience to Fight Climate Change
04 November 2022 - 2:00PM
Business Wire
Grants pledged to Ocean Conservancy, Urban
Sustainability Directors Network, Resilient Cities Catalyst, and
Regional Plan Association as part of company’s $10 million
philanthropic goal toward backing low-carbon communities
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:
- $2.5 million to Ocean Conservancy to help scale the
International Coastal Cleanup® (ICC) and the Urban Ocean® program
-- two programs that partner with local groups in cities and
coastal communities around the world to help prevent the flow of
trash and plastic pollution into the ocean, promote resilience and
protect ecosystems. In addition, the grant will be used to build an
active network of volunteers, including American Express colleagues
around the world. American Express and Ocean Conservancy have been
partnering on beach cleanup events since 2018 as part of the
company’s Green2Gether program.
- $1.5 million to Resilient Cities Catalyst (RCC) to
support its Neighborhood Climate Resilience program by designing
and delivering community-led climate resilience projects to
communities affected by the impacts of climate change within the
City of Houston, the City of Tampa and international locations. The
program will support a cohort of climate leaders to co-design
infrastructure and community building projects that utilize
nature-based or clean energy solutions to help increase the
resilience of neighborhoods to future risks and disasters.
- $1.2 million to Urban Sustainability Directors Network
(USDN) to install solar energy systems on homes and small
businesses in low- and moderate-income communities in three cities,
including Phoenix and Salt Lake City. These systems lower energy
costs for businesses and residents, can be more resilient during
extreme weather, support local clean energy jobs, and reduce
greenhouse gas emissions.
- $150,000 to the Regional Plan Association to address
climate change and disaster resilience in New York City and the
greater tri-state region, including northern New Jersey and
southeastern Connecticut. Coinciding with the 10-year anniversary
of Super Storm Sandy this year, the grant will support the
development of a Resilience Agenda for the tri-state region with
goals, targets and actions for city leaders and policy makers,
informed by research and engagement with community stakeholders. In
addition, the grant will support events and workshops focused on
opportunities to address and respond to climate change from the
local to the regional level.
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.
ABOUT AMERICAN EXPRESS
American Express is a globally integrated payments company,
providing customers with access to products, insights and
experiences that enrich lives and build business success. Learn
more at americanexpress.com and connect with us on
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and youtube.com/americanexpress.
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MEDIA CONTACT: Ashley Tufts, Ashley.Tufts@aexp.com,
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