5 questions écrites pour AXA
Summary
The document demands that AXA cease providing insurance for new oil and gas projects, divest from unconventional hydrocarbons, and adopt a stricter definition of the Arctic region. It specifically calls for AXA to vote against Total's climate strategy, divest from Fortum due to pro-coal lobbying, and implement an exclusion policy for soy traders linked to deforestation in the Cerrado.
Key insights
- The authors demand that AXA stop providing insurance coverage for all new oil and gas development projects, arguing that the UN Production Gap Report indicates oil and gas production must decrease by 4% and 3% annually, respectively.
- AXA is urged to stop supporting companies developing unconventional oil and gas, including shale oil and gas, oil sands, heavy oil, and deep-water drilling. The document notes that AXA had invested $313 million in the 30 most active companies in Arctic drilling and held $2.3 billion in investments and bonds in the 100 companies most exposed to shale oil and gas in 2020.
- The document requests that AXA adopt the Arctic Monitoring and Assessment Programme (AMAP) definition of the Arctic, as AXA's current definition only covers 172 of the 408 projects identified by AMAP.
- AXA is called upon to vote against Total's climate strategy on May 18, 2021, because Total plans to increase gas production by 30% and allocates 80% of its 2030 investment expenditures to oil and gas, which the authors claim is incompatible with a 1.5°C trajectory.
- The authors demand AXA divest from Fortum by the end of 2021, citing Fortum's ownership of Uniper, which has launched the Datteln IV coal plant in Germany and legally challenged the Netherlands' decision to exit coal by 2030.
- AXA is urged to adopt an exclusion policy for global soy traders (specifically mentioning ADM, Bunge, Cargill, and Louis Dreyfus) that do not commit to zero deforestation, particularly to protect the Cerrado ecosystem in South America.
Cite the original document
- APA
- Reclaim Finance (n.d.). 5 questions écrites pour AXA. https://reclaimfinance.org/site/wp-content/uploads/2021/04/5-questions-ecrites-pour-AXA-Reclaim-Finance-et-Amis-de-la-Terre-1.pdf
- Chicago
- Reclaim Finance. 5 questions écrites pour AXA. n.d. https://reclaimfinance.org/site/wp-content/uploads/2021/04/5-questions-ecrites-pour-AXA-Reclaim-Finance-et-Amis-de-la-Terre-1.pdf.
- Wikipedia
- {{cite press release |author=Reclaim Finance |title=5 questions écrites pour AXA |url=https://reclaimfinance.org/site/wp-content/uploads/2021/04/5-questions-ecrites-pour-AXA-Reclaim-Finance-et-Amis-de-la-Terre-1.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}
- BibTeX
- @misc{reclaimfinancendquestions, author = {{Reclaim Finance}}, title = {{5 questions écrites pour AXA}}, publisher = {Reclaim Finance}, url = {https://reclaimfinance.org/site/wp-content/uploads/2021/04/5-questions-ecrites-pour-AXA-Reclaim-Finance-et-Amis-de-la-Terre-1.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }
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