As per reports, American Express Company (AXP) to invest $1 billion to advance racial and gender equality and to promote social justice. The company also plans to promote practices to hire and retain underrepresented colleagues, including Black, Latinx, and female colleagues.
The credit card issuer intends to double its spending on diverse and minority-owned suppliers in the United States to $750 million annually and also provide grants to non-profit organizations by the end of 2024.
Many other companies that have joined to take a stand and promote racial equality after the killing of a Black man, George Floyd, by Minneapolis police, that raised protests across the country, include Home Depot Inc, Procter & Gamble Co, Coca-Cola Co, and JPMorgan Chase & Co.
Dow 30 component American Express Company (AXP), and its subsidiaries provide customers and businesses globally with charge and credit payment card products and travel-related services. They look to enrich the lives of their customers and build business success. To learn more about American Express Company (AXP) and to continue to track its progress please visit the Vista Partners American Express Coverage Page.
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