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AXA to target environmentally positive & inclusive insurance

30th April 2021 - Author: Matt Sheehan

Global insurer AXA has launched a progress index to measure its implementation of several new climate and inclusivity targets.

axa-logoOn the insurance side, these include strengthening the share of insurance products with a positive impact on the environment, through the guarantees or services offered, as well as the promotion of inclusive insurance for vulnerable populations.

In terms of investments, AXA also plans to reduce the carbon footprint of its General Account assets by 20% by 2025, and to grow its green investment portfolio to €25 billion by 2023.

Additionally, AXA will aim to train all employees on climate issues by 2023, and to achieve carbon neutrality of its activities by 2025 by reducing emissions from its operations by 20% and offsetting residual emissions.

“After defining our purpose, the launch of the ‘AXA For Progress Index’ is an important step which will allow it to permeate all of our actions,” said AXA CEO Thomas Buberl.

“We will also accelerate its deployment by integrating the index’s objectives into our executive compensation criteria,” Buberl added. “This initiative reinforces our approach of confirming AXA’s responsible commitments towards all its stakeholders.”

The launch of the index was announced alongside AXA’s annual shareholders’ meeting, which saw shareholders approve all resolutions recommended by the Board of Directors.

These included the appointment as directors for a four-year term of Guillaume Faury and Ramon Fernandez, as well as the re-appointment as director of Ramon de Oliveira for a four-year term.

Furthermore, shareholders approved the payment of a €1.43 dividend per share for the 2020 fiscal year, to be paid on May 11th, 2021.

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