How we’re tackling climate change

As part of our mission to help people live better lives, we’re fully committed to the global effort to limit climate change. We’ve set ourselves ambitious targets. We’re campaigning to create a better society. We’re funding research to inform scientific decision-making. And, most importantly, we’re acting now.

Our commitment

When it comes to the fight against climate change, we all have a role to play. That’s why we’re reducing the environmental impact of our business.

AXA supported the launch of the United Nations Net Zero Asset Owner Alliance, pledging to reduce the carbon emissions of our investment portfolio to net-zero by 2050. But we believe we can do more. AXA has also launched a new Net-Zero Insurance Alliance with some of the world’s largest insurers to accelerate the transition to a net-zero economy. In the UK, we’re supportive of AXA’s climate change strategy to drive change:

Committing to align our investments with the Paris Agreement and to achieve a

1.5°C

warming potential by 2050

Doubling our green and clean investment target from €12bn in 2020 to

€24bn

by 2023

Responsible investments

Phasing out coal by 2030

AXA is divesting funds away from and stopping support to carbon intensive industries. AXA will exit the coal industry by 2030 in Europe and OECD countries, and worldwide by 2040.

AXA’s Transition Bonds

AXA has launched the first-of-a-kind ‘transition bond’ in partnership with Crédit Agricole CIB. AXA will finance a €100million bond in a private placement where the proceeds will be used to refinance existing commercial loans made by Crédit Agricole CIB. This new type of bonds aims to support companies that want to move towards more sustainable and less-carbon intensive development models.

Campaigning

Our campaigns are designed to help improve understanding of climate change among the public, businesses and world leaders. That way, we can help influence and inspire positive change.

Driverless vehicles

Autonomous vehicles will improve our lives by making our roads safer, increase mobility for those who can’t drive, and lower premiums. And, they can drive us towards a better environment by reducing congestion and CO2 emissions could fall by as much as 300 million tonnes each year.

Research

Through the AXA Research Fund, we support scientific research projects related to environmental resilience, biodiversity and protecting natural habitats.

Protect our planet

The AXA Research Fund has supported 665 research projects across 38 countries to help contribute to a better world. Take a look at some of the initiatives below.

Mountains are important for human society

As cities grow and the climate changes, new 21st century risks emerge

Half of our beaches to disappear by 2100

We protect what matters, including our planet. We contribute to a healthier, inclusive and sustainable future for us all.

Acting

We want to create a future where everyone wants to live. So, we’re acting now to tackle climate change and build a better tomorrow.

We want to do business in a way that’s good for people and good for the environment. That’s why we’ve removed millions of pieces of single use plastic from our supply chain and we’re sourcing energy from renewable sources, recycling what we can, and disposing of waste responsibly.

100% of energy is from renewable sources – backed by RE100


100% of office waste is diverted away from landfill

We generate onsite energy with solar panels at two key office locations


We donate our surplus office furniture to charities. Saving carbon, waste and supporting charities in need.

We’ve been setting ourselves stretching sustainability targets for many years. Our most recently finished targets, 2012 2020, focused on emissions from power, business travel, paper and waste management. We met most of these targets and completed our target of -25% carbon per employee and paper reduction a year early. We’re making good progress, but there’s more than can be done and we’re busy working towards our next set of targets.

Helping businesses thrive

As a leading global insurer, we’re uniquely positioned to help businesses understand the risks of climate change, and the many benefits of taking action to slow it down.

Take your seat at the AXA Climate School

With 76% of employees ready to act on climate change at work, it provides employers with a unique opportunity to drive sustainable transformation. The AXA Climate School provides employers and employees with tools, guides and interactive quizzes to understand and act on climate change. Discover the epic story of planet earth, shocking science statistics and the impact of global changes on humankind, society and economies.