With less than 100 days to go until COP 21, the President of the French Republic, Mr François Hollande, brings together the actors concerned with the battle against global warming for a conference in Paris today, entitled: "La France s'engage pour le climat. En avant la COP 21!" In this context, AXA Group reasserts the need for everyone, including civil society and businesses, to mobilize and drum up support for an agreement at least as ambitious as the climate challenge is significant, both in terms of limiting the scale of carbon emissions and defining ambitious resilience strategies.
As an official partner of COP 21 and institutional investor, AXA Group made strong commitments in May 2015, for Climate Finance Day, to attempt to reduce the magnitude of climate change.
In addition to risk mitigation, adaptation to climate change is also imperative. Therefore, AXA works with public stakeholders to improve the resilience of infrastructure and populations, especially in developing countries:
- AXA Corporate Solutions has developed a partnership with the World Bank to make the largest number of innovative solutions for climate index insurance (or "parametric") available;
- AXA joined the reinsurance panel of African Risk Capacity, a specialized agency of the African Union whthat helps Member States improve their capacities to plan, prepare and respond to extreme weather events and natural disasters, thereby protecting the food security of their vulnerable populations;
- The Group is also expanding investments and offers related to micro-insurance, and has recently established strategic partnerships with players such as LeapFrog and MicroEnsure.
Finally, the AXA Group is collaborating with the United Nations Environment Programme (UNEP)'s Principles for Sustainable Insurance (PSI) on a leading international study on the resilience of cities and SMEs in the face of climate change. The findings of the study will be presented at a conference held at AXA headquarters in Paris on October 29, 2015.