AXA XL, the property & casualty and specialty risk division of AXA, has released details of its carbon management strategy, designed to accelerate the company’s contribution to the transition towards a less carbon-intensive economy by 2050.
After monitoring its consumption over the past several years and using 2019 as a baseline, AXA XL says it has identified the key levers that will help decarbonise its operational impact.
The strategy aligns to AXA Group’s goals and the objectives of the Paris Agreement and focuses on the group’s energy consumption, people movement, and resources consumed.
Within each area, the strategy establishes sub-targets for the main impact areas including absolute GreenHouse Gas (GHG) emission reduction targets.
“We’re in the business of building a more resilient planet and it’s no secret that a changing climate and its impacts on the environment presents our industry with a range of challenges and potential opportunities,” said said Scott Gunter, Chief Executive Officer at AXA XL.
“But effective Corporate Responsibility actions must start with getting our own house in order, doing everything we can to save energy, reduce waste and enable all of our colleagues to adopt greener working behaviors.
“As a leading global insurer, our role must be to make sure we are doing everything we can to make our clients, and our communities, better equipped for a potentially warming world.”