Axa Sustainability Profile
AXA, officially known as AXA Group, is a leading global insurance and asset management company headquartered in France. Established in 1816, AXA has evolved into a prominent player in the financial services industry, with significant operations across Europe, North America, and Asia-Pacific. The company offers a diverse range of products and services, including life insurance, health insurance, property and casualty insurance, and investment management. AXA is recognised for its innovative solutions and customer-centric approach, which set it apart in a competitive market. With a strong market position, AXA has achieved notable milestones, including being ranked among the top insurance brands worldwide. Its commitment to sustainability and digital transformation further enhances its reputation as a forward-thinking leader in the insurance sector.
DitchCarbon Score
How does Axa's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Insurance Services industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Axa's score of 86 is higher than 92% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Axa's reported carbon emissions
In 2024, AXA reported total carbon emissions of approximately 27.1 billion kg CO2e, comprising 21,054,000 kg CO2e from Scope 1, 23,146,000 kg CO2e from Scope 2, and about 27.0 billion kg CO2e from Scope 3 emissions. This represents a slight increase from 2023, where total emissions were approximately 26.2 billion kg CO2e, with Scope 1 emissions at 21,934,000 kg CO2e, Scope 2 at 26,008,000 kg CO2e, and Scope 3 at about 26.2 billion kg CO2e. AXA has set ambitious climate commitments, including a target to achieve a 50% reduction in GHG emissions related to energy (Scope 1 and 2) by 2030, based on a 2019 baseline. Additionally, AXA aims to transition its investment portfolios to net-zero GHG emissions by 2050. Interim carbon intensity reduction targets have also been established, aiming for a 25% reduction by 2025 and a 50% reduction by 2030 for corporate assets. The company is committed to enhancing its sustainability practices and has reported a 3% reduction in total energy consumption for 2024 compared to 2023. AXA's climate strategy is supported by its commitment to the Net-Zero Asset Managers Initiative (NZAMI) and aligns with broader industry standards for climate action.
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| 2009 | 2010 | 2011 | 2012 | 2013 | 2019 | 2020 | 2021 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | - | - | - | - | - | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 216,542,000 | 000,000,000 | 000,000,000 | 000,000,000 | - | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 139,152,000 | 000,000,000 | 000,000,000 | 000,000,000 | 00,000,000 | 00,000,000,000 | 00,000,000 | 00,000,000 | 00,000,000,000 | 00,000,000,000 |
How Carbon Intensive is Axa's Industry?
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Axa's Scope 3 Categories Breakdown
Axa's Scope 3 emissions, which increased by 3% last year and increased significantly since 2009, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Investments" being the largest emissions source at 97% of Scope 3 emissions.
Top Scope 3 Categories
Axa's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Axa has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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Frequently Asked Questions
Common questions about Axa's sustainability data and climate commitments