Axa

AXA, a Direct Life Insurance Carrier headquartered in France, reported its total carbon emissions as approximately 25.7 billion kg CO2e in 2025. This figure comprises Scope 1 emissions of 20.0 million kg CO2e, Scope 2 emissions (market-based) of 2.1 million kg CO2e, and Scope 3 emissions of 25.7 billion kg CO2e. The largest contributor to Scope 3 emissions was investments, accounting for 25.2 billion kg CO2e. In 2024, total emissions were approximately 27.1 billion kg CO2e, with Scope 1 emissions at 21.1 million kg CO2e, Scope 2 emissions (market-based) at 23.1 million kg CO2e, and Scope 3 emissions at 27.0 billion kg CO2e.

AXA has set several climate commitments. The company is committed to transitioning its investment portfolios to net-zero greenhouse gas (GHG) emissions by 2050. Specifically for its own operations, AXA aims to achieve net-zero GHG emissions by 2030, with a 50% reduction in Scope 1 and Scope 2 GHG emissions by 2030, against a 2019 baseline. AXA has also set an interim carbon intensity reduction target for corporate assets of 25% by 2025 and 50% by 2030, compared to a 2019 baseline. Furthermore, the company aims to achieve carbon neutrality by 2025 by reducing emissions from its operations (energy, travel, digital) and offsetting residual emissions.