Better Health for All
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AXA has developed the Mind Health Self-Check, a free and anonymous online tool, and the Mind Health Odyssey, an online training tool for workplaces.
1
The company provides coverage and direct support through its own clinics.
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AXA offers a 24/7 employee support line, 'Healthy You' days for medical check-ups, and 'Invest in You' days for financial education to its employees.
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The Mind Health Self-Check tool is anonymous and confidential.
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During the COVID-19 pandemic, mind health awareness grew in China, and the pandemic significantly affected the mental health of the new generation.
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AXA developed the Mind Health Odyssey program with medical and HR experts and created a series of videos aimed at managers to highlight common mental health challenges.
6
Fair Money & Economic Opportunity
0
No evidence available to assess AXA S.A on Fair Money & Economic Opportunity.
Fair Pay & Worker Respect
0
No specific, concrete data points were found across the provided articles to assess AXA S.A. against the defined KPIs for Fair Pay & Worker Respect. Information regarding living wage coverage, CEO to median employee pay ratio, collective bargaining share, safety incident rates, pay equity ratios, worker engagement scores, turnover rates, labor violation incidents within the last three years, insecure contract share, or health insurance coverage was either not present, forward-looking, or not specific enough to meet the rubric's quantitative thresholds for the entire company.
1
Fair Trade & Ethical Sourcing
-20
AXA includes a 'Sustainability Clause' in all contracts signed with vendors, committing them to human rights, labor standards, and ethical conduct, which is monitored annually.
1
Human Rights risk assessments are conducted at least every three years.
2
AXA Group updated its methodology for risk mapping its supply chain in 2023 to identify and assess sustainability risks associated with procurement categories.
3
AXA XL initiated its Impact program in 2024 with the objective of doubling inclusive procurement expenditure by 2026, but currently, less than 1% of the procurement budget is directed to local, indigenous, or minority suppliers.
4
Honest & Fair Business
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AXA Life Europe DAC was fined €3,640,000 (approximately $3,931,200 USD) by the Central Bank of Ireland on December 9, 2022, for failures in corporate governance and risk management over 13 years, and for not establishing effective conflict of interest policies.
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This fine was reduced by 30% due to early settlement.
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AXA has a dedicated Group whistleblowing process with a hotline (speak-up@AXA.com) monitored by a Global Head of Special Investigations who is independent from executive management.
3
The Board of AXA Life Europe DAC did not adequately assess potential conflicts of interest at a meeting on July 23, 2018.
4
AXA has a Group Compliance and Ethics Code that applies to all worldwide employees and subsidiaries, with senior officers required to certify compliance annually.
5
AXA Philippines has an Anti-Bribery and Corruption (ABC) Policy, updated annually, with annual training and risk assessments.
6
AXA Philippines also has ABC due diligence procedures for evaluating third parties, and a third party will oversee a review of issues identified by AXA Wealth Services Ltd.
7
Kind to Animals
0
AXA S.A. has a 3-year partnership with WWF focused on biodiversity and an Ecosystem Protection, Deforestation and Natural World Heritage Sites policy.
1
The company invests in natural capital projects to protect and restore natural capital, such as forests, mangroves, and peatlands.
2
AXA IM Alts manages 77,000 hectares of forests.
3
AXA's Ethical Distribution Fund screens out stocks with issues around animal testing and intensive farming, but this refers to the fund's investment criteria, not AXA's own operations or policy.
4
AXA UK was instrumental in the development of a sustainable drainage policy for new UK housing developments.
5
The company was rated 'Vegan non compliant' in 2017 due to 'animal industry investing'.
6
No War, No Weapons
-50
AXA has a policy to avoid new business and terminate existing business relationships with companies involved in the production, sale, or distribution of anti-personnel landmines, cluster bombs, depleted uranium, and other weapons prohibited by international conventions.
1
This policy applies to investments and operational business contracts.
2
The AXA Responsible Investment Committee (RIC) is responsible for policy development, implementation, and monitoring, using an external information provider to identify excluded companies.
3
AXA divested from Elbit Systems by the end of 2019, and from Bank Mizrahi-Tefahot and First International Bank of Israel by the end of 2022.
4
AXA also divested from Bank Hapoalim, Israel Discount Bank, and Bank Leumi by June 24, 2024, selling $20.4 million worth of shares.
5
However, AXA has invested $173.62 million in 14 arms companies, with over $150 million in firms supplying arms used in Gaza, and $135 million in companies producing depleted uranium bombs, white phosphorus, and nuclear arms.
6
AXA's responsible investment policy excludes companies involved in "controversial weapons," but activists state that these investments may violate this policy.
7
AXA's 2024 Responsible Investment Policy outlines its commitment to ESG integration and exclusions, including controversial weapons, and is overseen by the Responsible Investment Committee.
8
AXA joined the UN Principles for Responsible Investment in 2012.
9
Planet-Friendly Business
-50
AXA's total Scope 1, 2, and 3 greenhouse gas emissions were 27,105,217 tCO2e in 2024, an increase from 26,258,000 tCO2e in 2023.
1
The company publicly discloses its GHG emissions according to the GHG Protocol, covering Scope 1, Scope 2, and Scope 3, with a category-level breakdown for 7 out of 15 Scope 3 categories.
2
AXA Group aims to reach Net-Zero GHG emissions by 2050 for its investment portfolio and by 2030 for its own operations.
3
However, no SBTi-validated targets for the entire group are explicitly stated, though one issuer AXA engages with has 2030 and 2040 Net-Zero targets validated by SBTi.
4
The company's investment portfolio's implied temperature rise is 2.2°C, and its sovereign portfolio's warming potential is 2.1°C.
5
AXA uses MSCI and Beyond Ratings models for climate scenario analysis, including the MSCI Climate VaR model, and has analyzed the Aggregated Climate VaR of its General Account investments.
6
The company's report is prepared in line with TCFD recommendations, and it has fully adopted TCFD.
7
AXA aims to reduce exposure to the thermal coal industry to zero by 2030 in the EU and OECD countries, and by 2040 elsewhere.
8
At the end of 2023, AXA Group’s General Account exposure to renewable energy-production infrastructure assets stood at €4.1 billion, a 2.7-fold increase since 2019.
9
AXA Group offset its residual operational emissions for 2023 (150,458 tCO2eq) through five selected projects.
10
AXA has a formal Ecosystem Conversion and Deforestation Policy, which includes divestment from unsustainable palm oil producers and restrictions on underwriting for companies involved in illegal logging or with high deforestation controversies, with 60-70% verified implementation.
11
The company is reinforcing efforts to provide inclusive insurance for vulnerable populations and has established fair transition principles for its underwriting portfolio.
12
AXA aims to provide over 9,000 adaptation engagements with commercial insureds and has a new “Financing Transition” objective of €5 billion per year through 2030, with €29.9 billion in green investments by 2023.
13
AXA IM Alts manages approximately 77,000 hectares on behalf of AXA Group, representing roughly €1 billion of assets, and AXA owns 15,000 hectares of forests in France.
14
AXA conducts pre- and post-contractual checks on vendors on ESG topics, with a particular focus on GHG emissions, and encourages suppliers in high ESG risk procurement categories to share third-party ESG assessments.
15
AXA supports 39 suppliers, who are amongst its highest GHG emitters without SBTi commitments, through a pilot initiative.
16
Respect for Cultures & Communities
-20
AXA has 13 formal partnerships with local community-focused organizations, including Save the Children UK, Plan India, and The Nature Conservancy.
1
No cultural appropriation incidents have been reported.
2
Formal grievance mechanisms are available for all stakeholders in relevant countries and entities, and a Speaking Up Portal exists for anonymous complaints.
3
However, the percentage of operational sites covered by community-specific mechanisms is not specified. The average time to resolve community complaints is 10 days for fund disbursement under the MAR Insurance Program, but this is not a general average for all community complaints.
4
The company directs $124 million in savings over 15 years to marine conservation in The Bahamas and supports the Mesoamerican Reef Fund, which protects coral reef sites.
5
AXA XL donated over $2 million globally to support local communities in 2024, but no percentage of revenue donated to cultural heritage organizations is provided.
6
The NO MORE Global Directory is a multilingual resource, but a language inclusivity score is not available.
7
The AXA Sustainability Academy aims to train 80,000 employees by the end of 2026, but the current percentage of employees completing cultural sensitivity training is not specified.
8
Safe & Smart Tech
-50
AXA states it only collects data that is absolutely necessary and adheres to data minimization principles.
1
However, the company retains data for at least 10 years after contract termination or claim settlement.
2
AXA's Privacy Policy is based on the Federal Act on Data Protection (FADP), its implementing ordinance (OFADP), and where applicable, the EU General Data Protection Regulation (GDPR).
3
Zero Waste & Sustainable Products
-30
AXA has implemented several waste reduction initiatives, including a comprehensive composting program in its New York office, expanded to other North American locations, and a Sustainable Pantry Initiative and Reusable Bag Share program in U.S. offices.
1
The London office eliminated all single-use containers, transitioning to reusable alternatives.
2
AXA XL partnered with Green Standards to divert office waste, resulting in 123 tons of office waste diverted from New York landfills.
3
The company has a target to reduce waste per colleague by 10% by 2025 against a 2019 baseline.
4
AXA targets 95% of paper to originate from recycled or sustainable sources.
5
The company seeks suppliers that support its environmental journey through their solutions and business practices, following guidelines in its Responsible Procurement Strategy, and has integrated sustainability clauses into global vendor contracts requiring compliance with relevant laws.
6
AXA also raises awareness amongst employees and business partners worldwide on environmentally conscious choices and engages employees in appliance-based water usage through an Office Dishwasher Employee Education program in North America.
7