Raising the bar for supply chain diversity Successful strategies and innovative products and services require diverse perspectives and contributions. For these reasons, American Express has a goal to increase spending with underrepresented-owned suppliers who provide us with professional services, marketing, and beyond. To build a more diverse, inclusive supply chain, we consider at least one diverse vendor for each request for proposal. We track and measure our annual spend with certified business enterprises run by underrepresented owners and operators, including: • Minority-owned Business Enterprises (MBE) • Black-owned Businesses • Women-owned Business Enterprises (WBE) • LGBT-owned Business Enterprises (LGBTE) • Veteran’s Business Enterprises (VBE) • Service-Disabled Veteran’s Business Enterprises (SDVBE) • Disability-owned Business Enterprises (DOBE) • Small Business Enterprises/8(a)/HUBZone firms BACKING OUR CUSTOMERS AND PARTNERS American Express seeks to meet the needs of under represented businesses and consumers and develop more inclusive marketing initiatives. We are also focused on our efforts to help underrepresented-owned businesses through our supplier diversity program. In 2021, we introduced more than 65 new underrepresented- owned suppliers to grow our program and in 2022 started working with select suppliers to begin tracking diverse supplier spend within their own supply chains. Our supplier diversity partners include: • Disability: IN • Financial Services Roundtable for Supplier Diversity (FSRSD) • Minority Supplier Development UK (MSDUK) • National LGBT Chamber of Commerce (NGLCC) • National Minority Supplier Development Council (NMSDC) • National Veterans Business Development Council (NVBDC) • Supply Nation • US Black Chambers • WEConnect International • Women’s Business Enterprise National Council (WBENC) In October 2020, we announced a goal to double our annual spend with underrepresented-owned suppliers in the United States from a 2019 baseline to $750 million by the end of 2024, including increasing spend with Black-owned suppliers to at least $100 million annually. In 2021, we not only made progress toward this goal, but also exceeded our initial expectations for the year, as shown in the graphic below. SUPPLIER DIVERSITY: BY THE NUMBERS $100M $72M $50M 2021 Target 2021 Actual 2024 Goal US Black-owned Annual Spend 2021 Target Exceeded! 237 Underrepresented-owned Suppliers in 2021 US Underrepresented- owned Annual Spend 2021 Target Exceeded! $750M $550M $500M 2021 Target 2021 Actual 2024 Goal Learn more about our Backing Small initiatives in the Backing Small for Underrepresented and Economically Vulnerable Small Business Owners section. INTRODUCTION PROMOTING DE&I ADVANCING CLIMATE SOLUTIONS BUILDING FINANCIAL CONFIDENCE OUR ESG GOVERNANCE & OPERATING RESPONSIBLY SUPPORTING DATA OUR COMMITMENT TO ESG 32