The AXA.COM team editor
November 27, 2019

Forming a bond: supporting the energy transition

Meeting the Paris Agreement requires substantial, long-term, global investments in low-carbon technologies such as renewable energy, smart grids, low emissions vehicles, etc. Green bonds have helped generate significant additional investments, but many “decarbonizing” opportunities are not eligible for green bonds. As part of AXA’s new Climate strategy, the Group is pioneering the first-of-a-kind “transition bond”, a new financial instrument to unlock additional funds for the low-carbon energy transition.
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During its “Climate Impact Day”, AXA announced the launch of a first of its kind “transition bond” in partnership with Crédit Agricole CIB. AXA will entirely finance a EUR 100 million bond in a private placement where the proceeds will be used to refinance existing commercial loans made by Crédit Agricole CIB. The main difference with conventional bonds is that the use of proceeds will be directed to industrial companies with the aim to decarbonise or to projects contributing to decarbonisation.