NEW YORK--(BUSINESS WIRE)-- American Express (NYSE: AXP) today announced its action plan to advance its diversity, inclusion and equity priorities. The plan includes a series of internal and external initiatives, commitments and resources, supported by $1 billion in investments toward enhancing diverse representation and equal opportunities for its colleagues, customers and communities.
“American Express has a long-standing commitment to fostering an inclusive and welcoming workplace that reflects the diversity of the customers and communities we serve,” said Stephen J. Squeri, Chairman and Chief Executive Officer. “Central to this commitment is standing up against racism and eliminating barriers that have prevented people of all racial, ethnic and gender identities from having equal opportunities to pursue their aspirations. To build on the foundation of work we are doing to drive inclusion, equity and diversity, we are announcing several actions today to advance our progress against our priorities, with clear objectives and goals for which we will hold ourselves accountable.”
To develop and execute on the next phase of the company’s strategy, earlier this year, American Express formed the Office of Enterprise Inclusion, Diversity and Business Engagement, which will be responsible for driving these programs and measuring the company’s progress against its objectives.
“American Express is built on relationships based on trust and respect, and by embedding inclusion and diversity into everything we do,” said Robert Childs, Executive Vice President of the Office of Enterprise Inclusion, Diversity and Business Engagement. “We are committed to mobilizing our collective resources across the company to make an even greater impact for our colleagues, customers and communities. Our goal is to eliminate barriers that have made it more difficult for underrepresented groups to have equal access to economic and social opportunities.”
BACKING OUR COLLEAGUES AND ADVANCING OUR INCLUSIVE CULTURE
American Express is committed to fostering an inclusive, equitable and diverse workplace where colleagues of all backgrounds can bring their whole selves to work and thrive. To ensure its colleagues reflect the diversity of the communities it serves, the company is taking additional steps, including:
BACKING OUR CUSTOMERS AND BUSINESS PARTNERS
American Express’ vision is to provide the world’s best customer experience, which includes promoting equal economic opportunity for its diverse customer base and business partners.
BACKING OUR COMMUNITIES
American Express will allocate more resources to its community initiatives and charitable contributions that are focused on addressing systemic racism and advancing equality. These include:
Additional information about American Express’ efforts to address racial inequality and social issues can be found in a more detailed fact sheet as well as in the company’s 2019-2020 Environmental, Social and Governance report.
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 facebook.com/americanexpress, instagram.com/americanexpress, linkedin.com/company/american-express, twitter.com/americanexpress, and youtube.com/americanexpress.
Key links to products, services and corporate responsibility information: charge and credit cards, business credit cards, travel services, gift cards, prepaid cards, merchant services, Accertify, InAuth, corporate card, business travel, and corporate responsibility.
Source: American Express Company
Location: Global
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
This release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The forward-looking statements, which are subject to risks and uncertainties, contain words such as “believe,” “expect,” “anticipate,” “intend,” “plan,” “goal,” “commit,” “will,” “may,” “should,” “could,” “would,” “likely” and similar expressions. Actual results may differ from those set forth in the forward‐looking statements due to a variety of factors, including those described in the company's Annual Report on Form 10‐K for the year ended December 31, 2019, the Quarter Reports on Form 10-Q for the quarters ended March 31, June 30 and September 30, 2020 and the company’s other reports on file with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward‐looking statements, which speak only as of the date on which they are made. The company undertakes no obligation to update or revise any forward-looking statements.
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American ExpressRohan Ramsay 212-640-7034 Rohan.Ramsay@aexp.com
Andrew Johnson 212-640-8610 Andrew.R.Johnson@aexp.com
Source: American Express Company