AXA le leadership sur le climat serait-il tomben panne

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Reclaim Finance criticizes AXA for maintaining investments and insurance coverage for fossil fuels despite its carbon neutrality goals. The organization highlights gaps in AXA's policies regarding Arctic drilling, oil sands, and shale oil and gas, urging the insurer to commit to 'no new unconventional oil and gas' and to divest from the most exposed companies in these sectors.

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  • While AXA has a policy to exit coal by 2030, its approach to oil and gas is described as 'minimaliste', covering only non-conventional sub-sectors in the Arctic and oil sands.
  • AXA's Arctic policy is criticized for only excluding insurance for companies with more than 30% of their activities in Arctic drilling, which allows major oil and gas companies to remain eligible. Furthermore, this restriction applies to insurance but not to investments; AXA is estimated to have 313 million dollars invested in the 30 most active Arctic drilling companies.
  • AXA is identified as one of the top 10 European investors in shale oil and gas. In 2020, the company held 2.3 billion dollars in investments and bonds across the 100 most exposed shale oil and gas companies globally.
  • Reclaim Finance recommends that AXA implement a detailed exit strategy for oil and gas from its insurance and investment portfolios by 2040 in the OECD and 2050 globally, starting with an immediate halt to support for exploration and new reserves, particularly unconventional ones.

Cite the original document

APA
admin (2021). AXA le leadership sur le climat serait-il tomben panne. Reclaim Finance. https://reclaimfinance.org/site/2021/04/29/axa-le-leadership-sur-le-climat-serait-il-tombe-en-panne/
Chicago
admin. AXA le leadership sur le climat serait-il tomben panne. Reclaim Finance, 2021. https://reclaimfinance.org/site/2021/04/29/axa-le-leadership-sur-le-climat-serait-il-tombe-en-panne/.
Wikipedia
{{cite press release |last1=admin |title=AXA le leadership sur le climat serait-il tomben panne |publisher=Reclaim Finance |date=29 April 2021 |url=https://reclaimfinance.org/site/2021/04/29/axa-le-leadership-sur-le-climat-serait-il-tombe-en-panne/ |access-date=23 October 2026 |via=Climate Insights Directory}}
BibTeX
@misc{admin2021axa, author = {admin}, title = {{AXA le leadership sur le climat serait-il tomben panne}}, publisher = {Reclaim Finance}, year = {2021}, month = apr, url = {https://reclaimfinance.org/site/2021/04/29/axa-le-leadership-sur-le-climat-serait-il-tombe-en-panne/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }

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