ALIGNING OUR COMMUNITY GIVING PRIORITIES TO OUR ESG STRATEGY In 2022, we announced new grant priorities that build on our legacy of community giving and directly support our ESG strategy roadmap launched in 2021. Going forward, the American Express Foundation will direct its resources to three core priorities: Backing Small Support for underrepresented and economically vulnerable small business owners and entrepreneurs through our “Backing Small” initiative, including grants, mentoring support, and technical assistance through established community partnerships. Programs include: • Inclusive Backing • Coalition to Back Black Businesses • Backing Historic Small Restaurants • Backing International Small Restaurants • Blueprint: Backing BIPOC Businesses in Canada • First Nations Business Growth Program in Australia Financial literacy education, training, and mentoring for underrepresented individuals and families to build financial awareness, fiscal acumen, and success, including for school age grades 5-12, during higher education, or when individuals are entering or re-entering the workforce. Backing Low-Carbon Communities Advance climate innovation and solutions, particularly in urban areas, through: • Programs, partnerships, and action focused on energy transition, emissions reduction, and efficiency. • Community-led climate projects focused on nature-based or clean energy initiatives, including those led by underrepresented groups. • Disaster relief and resilience building programs and initiatives in extreme weather prone areas and cities where our colleagues and customers live and work to provide immediate and/or long-term relief to natural and man-made disasters and help create climate-resilient communities. Backing Equal Futures Programs that provide skills and pathways to prepare youth (ages 13 to 30) for long-term success and the future of work, including the green economy, digital futures, and STEAM fields such as science, technology, engineering, the arts, and mathematics: • Programs may include school-based, college, trade school, public service, or workforce- related training or mentoring to support skill building, education, the transition to meaningful employment, or self-sufficiency for underrepresented populations. Advocacy to support education and workforce development in underrepresented communities: • Eligible organizations for underrepresented communities include those supporting racial, ethnic, and Indigenous minorities, women, refugees, incarcerated or formerly incarcerated, unhoused and formerly unhoused people, veterans or families of veterans, disadvantaged or people with disabilities, and members of the LGBTQ+ community. 11 INTRODUCTION PROMOTING DE&I ADVANCING CLIMATE SOLUTIONS BUILDING FINANCIAL CONFIDENCE OUR ESG GOVERNANCE & OPERATING RESPONSIBLY SUPPORTING DATA OUR COMMITMENT TO ESG