We aim to support a diverse, equitable, and inclusive workforce, marketplace, and society.
In 2020, we announced our action plan to advance diversity, equity and inclusion priorities across the Company. The plan includes a series of internal and external initiatives, commitments and resources, supported by $1 billion in investments toward enhancing diverse representation and equal opportunities for our colleagues, customers and communities.
At American Express, we strive to treat everyone who works for us fairly and equally. We have a longstanding commitment to pay all colleagues equitably and maintain bias-free, transparent compensation practices, and we are proud of our leadership in this area.
Our compensation practices reward colleagues based on performance and other business-related criteria for all roles and levels, and we have policies and processes in place to compensate all colleagues fairly and free of biases.
In addition, we are also enhancing transparency by sharing the “raw median pay gap” for women globally as well as for diverse colleagues in the US. This metric compares differences in raw median base pay making no adjustments for factors such as role, level, tenure, performance, or geography. In 2020, the median pay for women globally at American Express was 107.6% of the median pay for men, and the median pay for US racially/ethnically diverse colleagues was 94.6% of that for white colleagues.1
1US racially/ethnically diverse colleagues based on US EEO-1 categories including Black/African American, Hispanic/Latino, Asian, Native American or Alaskan Native, Native Hawaiian or Pacific Islander, and two or more races.
In 2020 we achieved 100% pay equity for colleagues across genders globally and across races and ethnicities in the United States.