AXA wins top award for its investment-related analysis of climate risksOn October 28th, AXA received the top award in the “Best Investor Climate-Related Disclosures” contest organized by the French Minister of the Environment. This award confirms the relevance of our initiatives in the area of climate finance.
AXA has already taken strong initiatives such as divesting from coal-related assets and measuring the “carbon intensity” of its investments. However, article 173 takes the debate to a more complex space by requiring investors to initiate a deeper analysis of “carbon-related” risks.
These include reporting on how we integrate sustainability and climate-related considerations into our investment analyses, how we may be exposed to “carbon” risks, whether we conduct “carbon stress tests” on our assets, or even if and how we measure our investments’ contribution to energy transition scenarios.
This achievement is consistent with our vice-chairmanship of the FSB Task Force on Climate-related Disclosures (TCFD), which aims to promote such climate risks disclosure across G20 countries.
Both the TCFD and the Award on Investor Climate-related Disclosures embody this approach, which ultimately can drive us towards a green, inclusive and sustainable global economy.