AXA XL unveils decarbonisation strategy

AXA XL has today revealed the details of its Carbon Management Strategy, and its contribution to the transition towards a more sustainable economy by 2050.

AXA XL’s strategy focuses on climate change, access to water and financial resilience and its own analysis has targeted energy consumption, people movement (travel and vehicle fleet), and other resources consumed. Within each area, the strategy establishes sub-targets for the main impact areas including absolute greenhouse gas emission reduction targets (25%) and intensity of resource consumption.

Underlining the group's commitment to decarbonising its operations, CEO of AXA XL, Scott Gunter, said the insurer was "in the business of building a more resilient planet" and that whilst it was a challenge for the industry, effective corporate responsibility "must start with getting our own house in order".

"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,” he added.

The group's strategy is aligned with the objectives of the Paris Agreement to limit global warming to below 1.5 °C.

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