Company Directory - American Express Company
Company Details - American Express Company
American Express Company
WebsiteNew York, United States
ISIN: US0258161092
American Express is a multinational financial services corporation well known for its charge cards, credit cards, and travel-related services. The company provides a wide range of payment and travel solutions to consumers and businesses worldwide.
CCI Score
CCI Score: American Express Company
4.55
Latest Event
Amex Achieves Top Score in Corporate Equality Index
American Express received a perfect score of 100 in the 2023-2024 Human Rights Campaign Corporate Equality Index, reflecting its strong commitment to diversity, equality, and humane labor practices. This achievement is a positive signal against the discriminatory practices that underpin fascist and authoritarian ideologies.
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OBJECTOR
American Express Company is currently rated as an Objector.
Latest Events
- MAR192025
American Express received a perfect score of 100 in the 2023-2024 Human Rights Campaign Corporate Equality Index, reflecting its strong commitment to diversity, equality, and humane labor practices. This achievement is a positive signal against the discriminatory practices that underpin fascist and authoritarian ideologies.
+100
Business Practices and Ethical Responsibility
March 26
The corporate equality score of 100 demonstrates American Express's dedication to fostering an inclusive work environment and upholding robust human rights and labor standards. Such practices stand in opposition to fascist and authoritarian ideologies that thrive on discrimination and inequality. This event highlights the company's commitment to ethical business practices and serves as a critical data point for stakeholders assessing corporate complicity in oppressive political structures.
- FEB192025
An OpenSecrets profile reveals that American Express contributed approximately $1.74 million and spent about $1.37 million on lobbying in the 2024 cycle, alongside significant revolving door connections with 9 out of 16 lobbyists in 2023 and 10 out of 16 in 2024 having previously held government jobs.
-60
Political Contributions and Lobbying Efforts
March 31
The profile from OpenSecrets shows substantial political contributions and lobbying expenditures, which can translate into heightened corporate influence over policy-making. This level of engagement can undermine democratic accountability and contribute to authoritarian tendencies by blurring the lines between corporate interests and political power.
-50
Regulatory Capture
March 31
The revolving door statistic, with a significant number of American Express lobbyists having previous government positions, raises serious concerns about regulatory capture. This practice can lead to undue corporate influence over public policy, further eroding democratic processes.
- JAN162025
American Express agreed to pay a $108.7M civil penalty to settle allegations of deceptive marketing practices, including the use of 'dummy' EINs and misrepresentations about card products. This unethical behavior undermines consumer trust and regulatory compliance.
-70
Business Practices and Ethical Responsibility
March 26
American Express was penalized for engaging in deceptive sales tactics and falsifying information on credit card accounts by using 'dummy' EINs, misrepresenting card benefits, and misleading small business customers. These business practices violate ethical responsibilities and regulatory standards, reflecting a disregard for consumer rights and fair financial practices.
- JAN012025
American Express released a Human Rights Statement outlining its commitment to ethical business practices, fair labor treatment, and respect for human rights in accordance with the United Nations Guiding Principles. The document emphasizes non-discrimination, transparency, and accountability towards employees, clients, and communities.
+90
Business Practices and Ethical Responsibility
March 26
American Express's Human Rights Statement demonstrates a strong commitment to ethical business practices and fair treatment of employees. By explicitly referencing the United Nations Guiding Principles on Business and Human Rights, the company underscores its dedication to non-discrimination, transparency, and respect for human dignity. This proactive stance supports a positive contribution against authoritarian tendencies and unethical labor practices.
- DEC312024
In Q4 2024, American Express Company disclosed spending $50,000 on lobbying efforts targeting regulation in banking, cybersecurity, and corporate tax policy. This activity raises concerns about the firm's influence on policymaking and its potential complicity in supporting authoritarian practices by prioritizing corporate interests over democratic accountability.
-30
Political Contributions and Lobbying Efforts
March 26
By disclosing $50,000 in lobbying expenditure related to key financial and regulatory issues, American Express Company demonstrates active political engagement that potentially undermines democratic processes. This expenditure, aimed at shaping legislation affecting bank regulation, cybersecurity, privacy, and taxation, reflects an effort to influence policy in ways that may benefit corporate interests and contribute to authoritarian-friendly conditions.
Lobbying Update: $50,000 of AMERICAN EXPRESS COMPANY lobbying was just disclosed
- OCT212024
American Express published its comprehensive Supplier Code of Conduct on October 21, 2024, outlining high standards for supplier ethical practices, labor rights, and supply chain integrity. The document mandates responsible business practices, including non-discrimination, human rights protections, anti-corruption measures, and environmental sustainability, thereby reinforcing the company's commitment to ethical operations.
+80
Labor Relations and Human Rights Practices
March 26
The Supplier Code of Conduct explicitly emphasizes labor rights, the prevention of forced labor, and the maintenance of safe and fair working conditions among American Express's suppliers. This proactive policy demonstrates the company's commitment to uphold human rights and ensure ethical labor practices within its supply chain.
+85
Supply Chain Ethics
March 26
The document demonstrates strong measures in supply chain ethics by requiring suppliers to adhere to guidelines concerning ethical sourcing, environmental sustainability, and supplier diversity. This not only reduces risks associated with unethical practices but also reinforces a commitment to partnering with suppliers that share American Express's values.
- JAN012024
An analysis of American Express's lobbying activities reveals significant political spending that may contribute to policies favoring corporate interests at the expense of democratic accountability. The company's consistent use of lobbying as a strategy to shape policy is of concern from an anti-fascist perspective, as it can indirectly support authoritarian practices.
-40
Political Contributions and Lobbying Efforts
March 26
American Express's lobbying profile, as documented by OpenSecrets, indicates a persistent involvement in influencing U.S. political processes through significant financial contributions to lobbying efforts. Such actions can undermine democratic governance and favor authoritarian policies by prioritizing corporate interests. This negative score reflects concerns from an anti-fascist perspective regarding the potential erosion of democratic accountability.
- JUL252023
American Express National Bank was assessed a $15 million civil money penalty by the OCC for failing to properly govern and oversee its third‐party affiliate, resulting in violations of call monitoring and customer identification regulations.
-60
Business Practices and Ethical Responsibility
March 31
The OCC penalty highlights American Express's failure in corporate governance and oversight of its third-party affiliate. This lapse in regulatory compliance is indicative of poor business practices and ethical responsibility, negatively impacting consumer protection and accountability.
OCC Assesses $15 Million Civil Money Penalty Against American Express National Bank
- JUL252023
American Express National Bank was fined $15 million by the OCC on July 25, 2023 for failing to implement adequate oversight of its third‐party affiliate responsible for call-monitoring controls and customer data compliance, highlighting a recurring pattern of vendor management issues.
-50
Supply Chain Ethics
March 31
The fine underscores American Express's failure in supply chain ethics by not adequately monitoring its third‐party vendor, resulting in regulatory noncompliance regarding consumer data management and anti‐money laundering measures. This pattern of misconduct reflects poorly on their business practices and ethical responsibility.
OCC fines American Express $15 million for third-party noncompliance
- JUL252023
On July 25, 2023, American Express was fined $15 million by the OCC for failing to properly govern and oversee a third‑party affiliate used in efforts to retain small business customers, violating CIP regulations and engaging in unsafe or unsound practices.
-40
Business Practices and Ethical Responsibility
March 31
American Express's failure to properly oversee its third-party affiliate, as highlighted by the $15 million penalty from the OCC, reflects a significant lapse in ethical business practices and regulatory compliance. This incident undermines accountability and consumer protection, with negative implications for corporate responsibility.
- JAN012023
American Express detailed its comprehensive approach to public policy engagement and political activity, including transparent disclosure of lobbying expenses and political contributions through its AXP PAC. The company emphasizes criteria that support diverse and inclusive communities and employs structured internal oversight involving senior executives and board committees.
+15
Political Contributions and Lobbying Efforts
March 31
The company demonstrates clear transparency in its political contributions and lobbying activities through detailed disclosure of federal and state lobbying expenses and structured criteria for contributions. Its commitment to supporting diverse and inclusive communities while engaging in political processes is a positive aspect from an anti‑fascist perspective.
+10
Executive Political Engagement
March 31
American Express’s political decision-making is structured through executive oversight and board review, ensuring that its engagements in the public policy arena are conducted in a manner that promotes accountability and adherence to inclusive criteria. This internal governance structure supports responsible executive political engagement.
- JAN012023
American Express Bank International and American Express Travel Related Services Company, Inc. have been hit with a total of $65 million in civil money penalties by the Federal Reserve and FinCEN after repeated failures to maintain adequate anti-money laundering controls as mandated by the Bank Secrecy Act.
-50
Business Practices and Ethical Responsibility
March 31
The enforcement action against American Express Bank International and its related money services business highlights significant failures in maintaining robust anti-money laundering controls. The repeated shortcomings in establishing adequate internal controls not only violate regulatory standards but also undermine public trust and ethical business practices. These deficiencies contribute to risk within the financial system, indirectly facilitating environments where authoritarian practices can gain traction by weakening oversight.
- DEC312022
According to OpenSecrets, American Express raised $875,742 during the 2021-2022 election cycle. The report highlights the firm’s involvement in political contributions, which may confer significant influence over electoral outcomes.
-10
Political Contributions and Lobbying Efforts
October 3
The OpenSecrets data indicates that American Express raised a notable sum in political contributions. Although the specific recipients or ideological leanings of these funds are not detailed, such political financial activity can augment corporate influence in politics. From an anti-fascist perspective, the potential for corporate funds to sway democratic processes raises concerns, contributing a mildly negative score.
- NOV302022
American Express was recognized for its exemplary human rights and diversity initiatives, including the introduction of Self-ID and the Ambition Project that empower employees to self-identify and embrace their ambition. These progressive measures highlight the company's commitment to advancing labor rights and countering oppressive practices.
+90
Labor Relations and Human Rights Practices
March 26
American Express has demonstrated a strong commitment to labor rights and human rights through initiatives like Self-ID and the Ambition Project. These programs promote diversity, inclusion, and empowerment within the workplace, setting a positive example and countering authoritarian and oppressive practices.
American Express Receives Top Score in 2022 Human Rights Campaign
- SEP012022
American Express conducted an investigation into disputed timeshare charges related to Palace Elite Resorts, siding with the consumer complaint and issuing a chargeback of over $116,000 in September 2022.
- JUN292021
Following a majority shareholder vote demanding greater transparency on diversity and inclusion efforts, American Express reached out to shareholder advocate group As You Sow to discuss a plan for enhancing diversity measures.
+60
Labor Relations and Human Rights Practices
March 31
The company's proactive engagement with shareholder advocates following a resolution on diversity and inclusion reflects a positive shift towards greater transparency and improved human rights practices. This responsiveness to progressive demands supports worker rights, accountability, and inclusivity, which is a constructive move against authoritarian business practices.
American Express, GE, ExxonMobil, Smacked by Shareholders Over Diversity, Climate Change
- NOV032020
OpenSecrets data reveals that American Express raised $909,232 during the 2019-2020 election cycle. This substantial political contribution, channeled through its PAC, is seen as part of corporate efforts that fuel political influence and potentially support authoritarian practices. Critics argue that such financial involvement in politics may help bolster a political climate that undermines democratic accountability.
-30
Political Contributions and Lobbying Efforts
March 26
American Express's PAC contribution of $909,232 is indicative of corporate political spending that can be leveraged to influence policy in favor of authoritarian agendas. By channeling funds into political campaigns and lobbying activities, the company plays a role in fostering a political environment that prioritizes corporate interests over democratic values.
- OCT292020
American Express unveiled a comprehensive $1 Billion action plan aimed at promoting racial, ethnic, and gender equity across its operations. The initiative focuses on enhancing diversity, inclusion, and equal opportunities internally and in the communities it serves, reflecting a strong corporate stance against systemic racism and authoritarian practices.
+85
Public and Political Behavior
March 26
The initiative demonstrates American Express's proactive public stance against racism and exclusion, reinforcing its commitment to diversity and inclusion. This public political behavior strengthens democratic values and counters authoritarian narratives by promoting fairness and equal representation.
+90
Business Practices and Ethical Responsibility
March 26
By allocating significant resources to diversity and inclusion, American Express showcases robust business practices and ethical responsibility. This move not only aims to improve internal culture but also sets a benchmark for corporate accountability in combating systemic inequality, thereby resisting authoritarian ideologies.
- DEC012013
The CFPB ordered American Express to refund approximately $59.5 million to over 335,000 consumers and pay a $9.6 million penalty after uncovering illegal practices. The practices included misleading marketing and unfair billing related to credit card add-on products, resulting in consumers being charged for services not rendered.
-80
Business Practices and Ethical Responsibility
March 31
American Express engaged in deceptive marketing and unfair billing practices for its credit card add-on products, harming consumers. The CFPB order highlights significant ethical failures in business practice, undermining consumer trust and fairness in the financial sector.
CFPB Orders American Express to Pay $59.5 Million for Illegal Credit Card Practices
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Charlotte, United States
-20.11
New York, United States
-26.32
San Francisco, United States
-46.35
Aluva, India
-45.56
India
-51.04
Corporation
-0.57
Cincinnati, United States
0.42
McLean, United States
-8.03
Mumbai, India
20.53
Montreal, Canada
-8.66
Corporate Financials
- Revenue
- 2023
- $46.50B
- Total Assets
- 2023
- $215.00B
- Operating Income
- 2023
- $8.95B
- Total Equity
- 2023
- $14.00B
Employees: 64,000
Industries
- 522110
- Commercial Banking
- 522130
- Credit Unions
- 522210
- Credit Card Issuing
- 525990
- Other Financial Vehicles
- 541910
- Marketing Research and Public Opinion Polling
- 523930
- Investment Advice
- 522120
- Savings Institutions
- 522190
- Other Depository Credit Intermediation