American Express Global Business Travel Offsets 100% of 2019 Employee Travel and Makes Carbon Neutral Pledge

SHANGHAI,April 24,2020 -- American Express Global Business Travel (GBT),the world's leading business partner for managed travel,has achieved its goal to offset carbon emissions for employee business travel. The greenhouse gas offset applies to trips taken by GBT staff during all of 2019 and will continue into the future. As the first global travel management company (TMC) to offset 100% of its own travel emissions,GBT will next focus on becoming carbon neutral across all its operations.

Si-Yeon Kim is GBT's Chief Risk & Compliance Officer and Executive Chair of the company's Environment,Social and Governance (ESG) group. She said: "The Covid-19 crisis has hit GBT and the travel industry hard. I believe it is ever more important for us to remain anchored to our values during such challenging times. The companies that weather this crisis and emerge stronger will be those that do the right thing by their people,customers,communities and society. We believe in business travel as a force for good that powers the global economy,and we share our clients' desire to carve out the most sustainable path possible for the industry."

GBT's greenhouse gas offsetting strategy supports the award-winning Carbon Fund's Envira Amazonia Project,a tropical forest conservation project that protects some 500,000 acres from deforestation,helping mitigate the release of more than 12.5 million tons of carbon dioxide equivalent emissions. "At GBT,our decarbonization journey starts with offsetting travel but will soon apply to our entire global operations and beyond," said Kim.

With global travel bookings almost at a standstill,GBT is now working with clients to evolve travel programs,and to improve incident management and duty of care policies in preparation for a gradual return of travel demand later in the year. Companies are not only focused on optimizing travel budgets,but also on mitigating traveler risk and enhancing employee care,while making meaningful decisions about their carbon footprints. "Our customers recognize that making responsible environmental choices and embracing sustainable practices result in broader business benefits,which lead to improved employee engagement around business travel," added Kim.

GBT has developed a range of consultancy services and tools to help travel managers optimize their travel programs while mitigating the effects of business travel by helping track,measure and offset. Next month,GBT will publish its Environmental,Social and Governance report for 2020.

About American Express Global Business Travel

American Express Global Business Travel (GBT) is the world's leading business partner for managed travel. We help companies and employees prosper by making sure travelers are present where and when it matters. We keep global business moving with the powerful backing of 18,000 travel professionals in more than 140 countries. Companies of all sizes,and in all places,rely on GBT to provide travel management services,organize meetings and events,and deliver business travel consulting.

Learn more at amexglobalbusinesstravel.com.

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