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Backing Small for underrepresented and economically vulnerable small business owners Our Backing Small grant programs help build inclusive economic growth and empowerment in our communities by supporting capital, financial education, literacy programs, mentoring, and training for underrepresented and economically vulnerable small business owners and individuals. Highlights include: • Backing Historic Small Restaurants: This campaign supports restaurants that contribute to their neighborhood’s unique history and identity as they face ongoing challenges resulting from the pandemic. To qualify, restaurants must be small and/or independently owned, located in a historic building or neighborhood, and have been in business for at least 25 years. We first launched this initiative in February 2021, working with the National Trust for Historic Preservation to help small restaurants that have contributed to the fabric of their communities so they can better serve their customers, financially recover, and grow their businesses. In March 2022, we announced a second round of Backing Historic Small Restaurants with the National Trust for Historic Preservation to award $40,000 grants to another 25 historic small restaurants throughout the United States. • Backing International Small Restaurants: This new grant program with the International Downtown Association Foundation brought our support for small restaurants to the international stage, supporting independent restaurants in London, Mexico City, Sydney, Tokyo, and Toronto with community significance, operated by underserved populations or in economic need. Through our Backing Small initiative, we provide financial support and resources to economically vulnerable small business owners. INTRODUCTION PROMOTING DE&I ADVANCING CLIMATE SOLUTIONS BUILDING FINANCIAL CONFIDENCE OUR ESG GOVERNANCE & OPERATING RESPONSIBLY SUPPORTING DATA OUR COMMITMENT TO ESG 70

American Express ESG Report - Page 70 American Express ESG Report Page 69 Page 71

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