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SRI ratings and ethical indexes

The AXA Group's social, community, environmental and governance performance are evaluated by many players, from investors to corporate social responsibility (CSR) rating agencies specializing in the socially responsible investment (SRI) market.

The Group is ranked above average in its industry and is also included in the three main international ethical indexes: DJSI (based on research by SAM), FTSE4GOOD (based on research by Eiris) and Aspi Eurozone (Vigeo).

The following tables present an overview of the Group's main non-financial ratings ("absolute" scores and sector-benchmark ratings) as well as its position on the leading SRI indexes.

EIRIS and the FTSE4GOOD index

EIRIS (Ethical Research Investment Services), based in London, is one of the leading providers of non-financial data for the socially responsible investment market in Europe. This agency does not publish any ratings per se, but the SRI index produced by FTSE - FTSE4GOOD - is based on EIRIS research. The AXA Group is part of this index.

 

2008

2007

2006

2005

2004

AXA included in FTSE4GOOD index Yes Yes Yes  Yes  Yes

Ethibel / Stock at Stake and the ESI index

Since the merger of Stock at Stake (member of the Ethibel Group) and Vigeo in 2005, the ESI index (Ethibel Sustainability Indices) are the property of Vigeo, which distributes them. The respective research databases have also merged. Nevertheless, the independent organisation "Forum Ethibel" still defines the contents of the ESI, notably based on both SRI performance and ethical considerations.

 

2006

2005 

2004 

AXA included in ESI index

No

 No

 No

Innovest

Innovest Strategic Value Advisors, an international research consultancy, analyzes the performances of businesses in relation to environmental, social and strategic governance factors. More specifically, it focuses on their impacts on the competitiveness, profitability and performance of their share prices.

 

2008

2006

2005

2002 

AXA rating

AA

AA

No overall rating before 2005

AXA social rating

AA

AA 

AXA environmental awaiting

AA

BBB 

Oekom

Each year, the German Oekom Research agency publishes a database analyzing the social, community and environmental performances of around 750 businesses, including AXA.

 

2007

2006

2005

2003* 

AXA rating

C "Prime" (recommended)

C
(« Prime »)

D+

D+

 

AXA's ranking in its sector

*

14/27

23/70 

 

Social rating

C"medium"

C
(« medium »

*

C-

 

Environmental rating

C-"medium"

C-
(« medium ») 

D

 

* No detailed scores for 2005

SAM and the Dow Jones Sustainability Index (DJSI)

Ratings issued by the Zurich-based analysis institute SAM reflect the company's performance based on economic, social and environmental criteria. Each one of these three areas is based on several weighted sub-criteria. The overall rating is based on a weighted average of the three key areas, benchmarked against the average for the sector.

  2008 2007 2006 2005  2004 
Rating AXA 71% 67% 62% 60%  50% 
Sector average 50% 45% 44%  47% 40% 
AXA economic rating 79% 79% 71%  75%  55%
Sector average economic rating 58% 56%  53%  61% 43%
AXA social rating 71% 71% 65%  58% 54%
Sector average social rating 50% 45% 46%  44% 42% 
AXA environmental rating 61% 52% 51%  47% 36% 
Sector average environmental rating 41% 35% 35%  38%  33% 
Included in DJSI STOXX index Yes Yes No  No  No

Vigeo and the ASPI index

The AXA Group's performance is also rated by Vigeo, a European social and environmental rating agency.

The score reflects the level of commitment to social responsibility on a scale from 0 to 100. Based on an analysis of the relevance and effectiveness of the various policies surveyed, the score represents an absolute rating, positioning the business in relation to the Vigeo rating standards. The rating ranks the company in relation to other firms in the "insurance" sector (34 European companies in 2008), thereby benchmarking the scores for the various companies against one another.

Definition of ratings:

--: least developed businesses in the sector

-: businesses lower than average for the sector

=: businesses in line with average for the sector

+: active businesses

++: sector's most committed businesses

Vigeo issues these ratings for each one of the six areas analyzed, but does not produce one overall score or rating for the company. Inclusion in the ASPI (Advanced Sustainability Performance Indices) is based on research by Vigeo.

 

 

2008

2006 

2005

2003 

Human Resources

AXA Score

52 

64 

68 

53 

 

AXA Rating

+

Human rights

AXA Score

53 

63 

67 

** 

 

AXA Rating

** 

Community involvement

AXA Score

63 

76 

73 

69 

 

AXA Rating

++

Environment

AXA Score

54 

57 

61 

59 

 

AXA Rating

++

Business behavior

AXA Score

59 

63

59 

51

 

AXA Rating

+

Corporate governance

AXA Score

48 

46 

47 

50

 

AXA Rating 

Inclusion in ASPI Eurozone index

 

Yes

Yes

Yes

Yes