AXA’S INVESTMENT PORTFOLIO GETS GREENER IN 2019

The environmental impact of Axa’s investments reduced last year as the French insurer continued to ‘green’ its investment portfolio. At the end of 2019, the "warming potential" of Axa’s corporate and sovereign investments was 2.8°C, down from 3°C in 2018 and below the market average of 3.6°C. The reduction reflects Axa’s efforts to align its investments with the objectives of the Paris Agreement by 2050. The insurer is pursuing a long term goal of investment “climate neutrality”, which will require “net-zero” stock picking and some gradual sector reallocations, it said in its latest Climate Report. It aims to divest all its investments in coal by 2040.