How can we accelerate the transition to address the climate emergency?AXA has placed climate commitments at the core of its strategic plan. These underlie all the Group’s actions as an investor or insurer.
Finance and biodiversity
After joining the Act4nature and Business For Nature coalitions, the Group pledged its support for the Finance For Biodiversity (F4B) initiative at the UN General Assembly in 2020. AXA has also called for the creation of a Taskforce on Nature-related Financial Disclosures (TNFD).
Integrating biodiversity into the insurance business
AXA XL will soon be capable of insuring mangroves and is actively contributing to the Ocean Risk and Resilience Action Alliance (ORRAA) to build strategies for managing ocean risks.
Compliant with the French government’s socially responsible investment (ISR) standard, AXA IM’s Multi-Asset Optimal Impact fund combines positive impact and performance objectives.
Supporting the energy transition
The range of AXA IM's impact and sustainable development funds reached more than €20 billion of assets under management in 2020. AXA IM has also developed transition bonds, allocating €200 million to supporting companies through their energy transition.
Acting to adapt
AXA Climate, the Group’s entity dedicated to climate risk protection, has developed a full range of activities to improve protection for the public and private sectors: insurance, as well as services, consulting and training.
Climate School: climate risk education
AXA Climate has launched training in climate issues with its Climate School. This program includes climate risk awareness modules, as well as support aimed at empowering employees to act by anticipating and adapting to climate risks.
Committed corporate leaders
In May 2020, Thomas Buberl, CEO of AXA Group, led the CEO Action Group for the European Green Deal, comprising around 30 leaders of major corporations. Created by the World Economic Forum, this working group aims to support a “green” post-Covid recovery.