Axa chief: NZIA disintegration marks 'a sad chapter'
Axa's chief executive Thomas Buberl has described the exodus of insurers - including Axa - from the Net-Zero Insurance Alliance (NZIA) "as a sad chapter".
Axa sets decarbonisation targets for P&C portfolios
Axa has announced new decarbonisation targets for both its insurance and investment portfolios, as well as publishing its 2023 climate and biodiversity report.
Axa calls for UN climate underwriting alliance
Axa has proposed the insurance industry should cooperate to reduce the negative climate impact of its underwriting, ahead of the planned UN Climate Change Conference (COP 26) in November 2021.
26 firms commit to biodiversity impact and disclosure pledge
A pledge to set targets and reporting on biodiversity, and pressure world leaders to reverse nature loss has been signed by 26 financial firms managing over €3 trillion ($3.5 trillion) in assets, including Axa, HSBC Global Asset Management and Robeco.
BaFin tells insurers to step up efforts on climate change
BaFin has warned insurers the speed of moving to obligatory reporting around climate change will "increase with the speed at which sustainability risks materialise".
Bloomberg forms CEO supergroup to tackle climate change
Michael Bloomberg has assembled a group of six financial sector leaders to deliver a special report to the G7 on ramping up private capital flows into climate-friendly investments.
XL's adoption of Axa climate policy will cost €100m in premiums
Re/insurer Axa XL will adopt Axa’s climate policy on both sides of the balance sheet, following the French insurer’s recent takeover of XL Group.
Axa eyes further divestments from carbon-intensive energy
Axa became the second major European insurer in as many weeks to address the contentious topic of underwriting fossil fuel production at its annual results.
Axa targets €12bn of green investments and dumps coal and oil sands projects
Axa has quadrupled its green investment target and said it plans to divest €2.4 billion ($2.8 billion) from coal-related companies, as it ramps up its efforts to fight climate change.