Axa

AXA, a Direct Life Insurance Carrier headquartered in France, reported its total carbon emissions for 2025 as approximately 25.7 billion kg CO2e. This included Scope 1 emissions of 20.0 million kg CO2e, market-based Scope 2 emissions of 2.1 million kg CO2e, and Scope 3 emissions of around 25.6 billion kg CO2e. A significant portion of Scope 3 emissions came from investments, totalling approximately 25.1 billion kg CO2e.

Looking back, AXA's total carbon emissions were around 27.0 billion kg CO2e in 2024 and approximately 26.2 billion kg CO2e in 2023. In 2019, the company reported total emissions of about 56.9 billion kg CO2e.

AXA is committed to transitioning its investment portfolios to net-zero greenhouse gas emissions by 2050. The company has also set near-term carbon intensity reduction targets for its corporate assets, aiming for a 25% reduction by 2025 and a 50% reduction by 2030, both against a 2019 baseline. Furthermore, AXA targets a 50% reduction in its Scope 1 and 2 GHG emissions related to energy by 2030, with a 2019 baseline. For its own operations, AXA aims for carbon neutrality by 2025, which involves a 20% reduction in emissions from energy, travel, and digital services compared to 2019, with residual emissions being offset.

AXA's Science Based Targets initiative (SBTi) status indicates a "Committed" near-term target as a Financial Institution.