AXA : le leadership sur le climat serait-il tombé en panne ?

Reclaim Finance argues that AXA has abandoned its climate leadership by refusing to commit to ending investments or insurance coverage for oil and gas production, including shale gas. The organization highlights AXA's reliance on collective 'net zero' alliances to avoid individual responsibility and criticizes AXA's potential support for Total's climate plan, which Reclaim Finance claims is incompatible with the 1.5°C goal. Additionally, AXA is criticized for continuing to invest in Fortum despite the pro-coal lobbying activities of its subsidiary, Uniper.

• AXA has not committed to stopping all investment or insurance coverage for the development of oil and gas production, including conventional and unconventional sources, which the author states is incompatible with the 1.5°C target. This includes a lack of clarity on shale oil and gas, which involve $2.3 billion in investments and bonds across the 100 most exposed companies.
• AXA's current Arctic policy is considered too narrow, covering only 172 of the 408 projects identified by the Arctic Monitoring and Assessment Programme (AMAP), though AXA has indicated openness to revising its definition of the region.
• Reclaim Finance asserts that AXA avoids individual responsibility and urgent decision-making by hiding behind 'net zero' alliances and coalitions that include poor climate performers.
• The document argues that Total's climate plan is incompatible with the 1.5°C goal because it plans a 50% increase in hydrocarbon production, allocates 80% of capex to fossil fuels by 2030, and provides no quantified reduction for scope 3 emissions (which comprise 90% of its total emissions).
• AXA continues to invest in Fortum despite the actions of its subsidiary Uniper, which is suing the Dutch state over its national coal exit plan; AXA justifies this by stating that pro-coal lobbying is not currently an exclusion criterion.

APA

admin (2021). AXA : le leadership sur le climat serait-il tombé en panne ? Reclaim Finance. https://reclaimfinance.org/site/2021/04/29/axa-le-leadership-sur-le-climat-serait-il-tombe-en-panne-2/

Chicago

admin. AXA : le leadership sur le climat serait-il tombé en panne ? Reclaim Finance, 2021. https://reclaimfinance.org/site/2021/04/29/axa-le-leadership-sur-le-climat-serait-il-tombe-en-panne-2/.

Wikipedia

{{cite press release |last1=admin |title=AXA : le leadership sur le climat serait-il tombé en 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-2/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{admin2021axa, author = {admin}, title = {{AXA : le leadership sur le climat serait-il tombé en 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-2/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }