AXA is committed to protecting the environment, both as a responsible insurer and as an environmentally responsible corporation by:
- Enabling its clients to benefit from its environmental risk prevention expertise. This commitment primarily concerns the effective management of environmental risks for businesses, through our role as an insurer and asset manager. This is undertaken via, for exmaple, educating our corporate clients about the importance of environmental risk prevention in countries where AXA has property & casualty operations. When required, AXA helps such clients to identify environmental risks and take the preventive measures needed. AXA entities also encourage environmentally responsible behavior by businesses and governments through the development and/or promotion of specialized funds for our retail and institutional clients. Further details can be found in the Customers & Products.
- Improving its own environmental record. This is undertaken by setting up an environmental management system for all of our administrative sites worldwide. This is notably based on an annual reporting system which enables us to optimize the management of our major environmental impacts, including paper, power and water consumption, as well as the production and recycling of electronic waste.
Institutional commitments to protect the environment
The AXA Group and local entities signed or joined the various initiatives in the area of environmental protection (and/or CR more generally). The Group signed: the World Business Council for Sustainable Development (WBCSD), manifesto for Energy Efficiency in buildings (2010), the "Kyoto Statement" (Geneva Association: AXA Group 2009), "Caring for Climate" (WBCSD/UNEP FI/UN Global Compact: AXA Group 2008), Carbon Disclosure Project (AXA Group partnership since 2005), "Sustainable Development Charter" (Fédération Française des Sociétés d'Assurances: AXA France, 2009) and Investor Statement on Climate Change (International Investor Group on Climate Change: AXA IM, 2008).
In 2013, AXA signed the UNISDR Private Sector Commitment for Disaster Risk Reduction and is represented in their Advisory Board Group. These principles cover 5 key areas around the role that the private sector can take to further encourage Disaster Prevention, Resilience and Risk Reduction (e.g. increase public private partnership, share risk management expertise, etc.).
AXA is also member of 2° Investing Initiative (multi-stakeholder think tank).
In 2013, AXA Group's Corporate Responsibility and operational teams (e.g. procurement, IT, marketing, HR) worked closely to set ambitious 2020 targets which will steer AXA to a more sophisticated and embedded environmental strategy.
As a result, AXA set a new Global Key Performance Indicator (KPI) target for the 2012-2020 period:
- -25% carbon emissions per FTE.
This target is broken-down into the following targets:
- -35% power consumption (kWh/FTE)
- -15% business travel: vehicle fl eet (km/FTE)
- -5% business travel: air and train (km/FTE)
- -45% office paper (kg/FTE)
- -50% marketing and distribution paper consumption (kg/client)
In addition, the Group has also set two environmental targets that are unrelated to carbon emissions:
- 95% of paper must originate from recycled or sustainable sources
- -15% water consumption
In addition to these core objectives, AXA aims at improving its waste management, especially electronic waste, in particular by implementing the Waste Electronic and Electrical Equipment (WEEE) Directive in all AXA sites worldwide. This directive is of particular relevance to AXA Technology Services, the Group's entity managing IT equipment.
In April 2017, AXA also validated a target to procure 100% of its electricity from renewable energy sources by 2025.
All of these targets are monitored on a regular basis and reported on annually to help local entities measure progress on their own action plans and targets.