AXA XL targets climate change and access to water in its carbon management strategy

AXA XL has unveiled its carbon management strategy, which focuses on climate change, access to water and financial resilience.

The strategy aligns AXA Group’s goals and the objectives of the Paris Agreement, setting out a roadmap to decarbonise its operations to help the world achieve its goal of limiting global warming to below 1.5 °C.

AXA XL has spent several years monitoring its consumption. Using 2019 as a baseline, it has identified energy consumption, people movement (travel and vehicle fleet), and resource consumption as key levers that will help decarbonise its operational impact.

Within each area, the strategy establishes sub-targets for the main impact areas, including a 25 percent reduction in absolute greenhouse gas emissions.

Scott Gunter, AXA XL’s chief executive officer, said AXA XL has a responsibility to do everything it can to prepare its clients and communities for a potentially warming world.

“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 Gunter. “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.”