This tool is designed to integrate sustainability and monitor AXA’s sustainability strategy across its activities:

• as an investor;
• as an insurer;
• as a company.

These measurable commitments are inspired by AXA’s purpose Act for human progress by protecting what matters.

During its 2024 Annual Shareholders’ Meeting, AXA presented the second edition of the AXA for Progress Index, highlighting (i) a new set of strategic targets aligned with the 2024‑2026 Group strategic plan Unlock the Future, (ii) its commitment to meeting its 2030 decarbonization targets which are set in line with industry standards ; and (iii) AXA’s extra‑financial performance leveraging S&P Global Corporate Sustainability Assessment, an internationally recognized methodology.

AXA for Progress Index: measuring the impact of our purpose.

As an investor

• €5bn1 in climate transition financing per year through 2030
  2024 Result: €7bn
• >€500M* in community resilience financing per year through 2030
  2024 Result: €1.3bn
• Reduce by 50%** the carbon intensity of AXA’s investment portfolio (General Account assets) by 2030
  2024 Result: -50%

As an insurer

• €6bn*** in P&C Gross Written Premiums to support transition underwriting (cumulative 2024-2026)
  2024 Result: €2.1bn
• >9,000**** climate adaptation solutions & services (cumulative 2024-2026)
  2024 Result: 1,052
• >20M***** customers covered by inclusive insurance by 2026
  2024 Result: 17.4M
• Reduce by 30%****** in absolute terms Insurance-Associated Emissions for AXA’s largest corporate clients by 2030
  2024 Result: -25%
• Reduce by 20%******* in intensity Insurance-Associated Emissions for all other corporate clients within AXA’s largest markets by 2030
  2024 Result: -7%
• Reduce by 20%******** in intensity terms Insurance-Associated Emissions for retail motor vehicles insured within AXA’s largest markets by 2030
  2024 Result: -11%

As a company

• >80,000********* of AXA employees trained on climate adaptation (cumulative 2024-2026)
  2024 Result: no result yet as the program was launched in February 2025
• 50% of AXA employees engaged in volunteering activities by 2026
  2024 Result: 40%
• -50%********** by 2030 in absolute terms carbon emissions while financing carbon credits
  2024 Result: -38%

Transversal commitment

• AXA’s percentile (95th-99th) ranking in S&P Global Corporate Sustainability Assessment***********

A general performance indicator will be to maintain AXA’s position in the Dow Jones Sustainability Index / CSA rating.

* Scope: corporate and sovereign debt, real estate and private assets.

** Variation of the Enterprise Value Including Cash (EVIC)-based carbon intensity (Scopes 1 and 2) of AXA Group’s General Account assets between FY2019 and FY2029. Scope covering listed corporate debt and equity, and real estate equity where available, representing €165 billion as of FY2024, equivalent to 36% of the General Account assets. Unit: tCO2  eq/Euro millions.

*** Scope: AXA France, AXA Germany, AXA Switzerland, AXA UK, AXA Belgium, AXA Hong Kong, AXA Mexico, and AXA XL.

**** Scope: Commercial lines portfolios of AXA France, AXA Germany, AXA Switzerland, AXA UK, AXA Belgium, AXA Hong Kong, AXA Mexico, and AXA XL.  Climate solutions & services include (i) training/education, (ii) risk assessment/awareness, (iii) gap analysis, (iv) prevention/adaptation solution, and/or (v) crisis management/remediation response.

***** Low-income to mass market segments in emerging markets and modest income segments in mature markets.

****** Calculated on CO₂ eq (Scopes 1 and 2) of AXA’s 88 largest global commercial clients; only insurance lines of business in‑scope of the Partnership for Carbon Accounting Financials (PCAF), namely the PCAF Standard Part C published in 2023, excluding facultative reinsurance. Unit: tCO2 eq. Timeframe: 2021‑2030.

******* Calculated on CO₂ eq (Scopes 1 and 2) of insurance lines of business in‑scope of the PCAF Standard Part C published in 2023, excluding facultative reinsurance. Scope: Commercial lines portfolios of AXA XL, AXA  France and AXA Germany. Unit: tCO2  eq/Euro millions. Timeframe: 2021‑2030.

******** Calculated on CO₂ eq (Scopes 1 and 2) of passenger vehicles as described in the PCAF Standard Part C published in 2023. Scope: Personal lines retail motor portfolios of AXA France, AXA Germany, AXA Switzerland and AXA UK. Unit: kgCO2 eq/vehicle. Timeframe: 2019‑2030.

********* Number of employees within AXA Group’s Social Data Report (SDR) scope who have been trained on climate change adaptation, completing a training under the AXA Sustainability Academy. Timeframe: cumulative 2024-2026.

********** Variation of AXA's absolute carbon emissions (scope: energy Scopes 1 and 2, car fleet and business travel). Unit: tCO2 eq. Timeframe: 2019‑2030. Financed carbon credits correspond to the non‑abated emissions from the aforementioned scopes.

*********** The S&P Global CSA enables companies to benchmark their performance on a wide range of industry‑specific economic, environmental and social criteria. The output of CSA underpins the world’s most renowned sustainability indices, the Dow Jones Best‑in‑Class Indices.