2021–2022 TCFD INDEX American Express Task Force on Climate-related Financial Disclosures (TCFD) Index The Financial Stability Board (FSB), comprised of members of the G20, established the TCFD to develop recommendations for more effective climate-related disclosures. As part of our commitment to climate action, American Express reports annually in line with the TCFD recommendations. The table below summarizes our approach to climate-related governance, strategy, risk management, and metrics and targets. It also discloses the outcomes from the qualitative climate risk scenario analyses we performed in 2020 and 2021 to assess physical and transition risks to our business related to climate change. In 2021, we became a formal TCFD Supporter, joining over 3,000 organizations taking action to build a more resilient financial system through transparent climate-related disclosure. For more information, refer to the Advancing Climate Solutions and Our ESG Governance and Operating Responsibly sections of the 2021-2022 ESG Report, 2021 Annual Report , 2022 Proxy , and 2021 CDP Climate Change Response . TCFD Recommendation Disclosure 1. Governance 1a. Describe the board’s oversight of climate- related risks and opportunities Risk management is overseen by the American Express Board of Directors through three Board Committees: The Risk Committee, the Audit and Compliance Committee, and the Compensation and Benefits Committee. The committees meet regularly with the company’s Chief Risk Officer, the Chief Compliance & Ethics Officer, the Chief Audit Executive, the Chief Operational Risk Officer, and other senior management with regard to our risk management processes, controls, talent, and capabilities. The Board monitors the “tone at the top,” our risk culture, and oversees emerging and strategic risks. The Risk Committee provides oversight of the company’s Enterprise Risk Management (ERM) framework, processes, and methodologies, and approves the company’s ERM policy, which governs risk governance, risk oversight, and risk appetite. ESG and climate-related risks are currently identified as an “emerging risk” within our ERM framework. In addition, the Board’s Nominating, Governance, and Public Responsibility Committee (NGPRC) reviews the company’s ESG strategy and Corporate Sustainability program, monitors progress against ESG goals, and provides guidance on our efforts. The Chief Corporate Affairs Officer (CCAO), who sits on our Executive Committee, and the Vice President of Corporate Sustainability updates the NGPRC on ESG-related issues, progress, and performance at least twice annually. INTRODUCTION PROMOTING DE&I ADVANCING CLIMATE SOLUTIONS BUILDING FINANCIAL CONFIDENCE OUR ESG GOVERNANCE & OPERATING RESPONSIBLY SUPPORTING DATA OUR COMMITMENT TO ESG 103