Axa Xl
AXA XL, a division of AXA Group, is a leading global insurance and reinsurance provider headquartered in the United States. Established in 1986, the company has grown significantly, with major operational regions spanning North America, Europe, and Asia-Pacific. Specialising in property, casualty, and specialty insurance, AXA XL is renowned for its innovative risk management solutions tailored to diverse industries. The company’s core offerings include insurance for large corporations, professional liability, and environmental coverage, distinguished by their customer-centric approach and expertise in complex risks. AXA XL has achieved a strong market position, recognised for its commitment to sustainability and excellence in service delivery. With a focus on empowering clients through tailored solutions, AXA XL continues to set benchmarks in the insurance industry.
DitchCarbon Score
How does Axa Xl'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 Xl's score of 69 is higher than 81% 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 Xl's reported carbon emissions
In 2023, AXA XL reported total carbon emissions of approximately 39,072,000 kg CO2e. This figure includes 764,000 kg CO2e from Scope 1 emissions, 4,318,000 kg CO2e from Scope 2 emissions (market-based), and a significant 33,990,000 kg CO2e from Scope 3 emissions. The previous year, 2022, saw total emissions of about 26,650,000 kg CO2e, with Scope 1 at 1,100,000 kg CO2e, Scope 2 at 4,557,000 kg CO2e, and Scope 3 at 20,993,000 kg CO2e. AXA XL has set a target to decrease the carbon footprint of its general account assets by 20% by 2025, focusing on Scope 1 emissions. This commitment reflects the company's proactive approach to climate action, inherited from its parent company, AXA SA, which also influences its sustainability initiatives through various frameworks such as SBTi and CDP. The emissions data indicates a substantial increase in total emissions from 2022 to 2023, highlighting the challenges faced in reducing carbon output. The company continues to engage in efforts to mitigate its environmental impact, aligning with industry standards for climate responsibility.
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| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Scope 1 | 2,970,000 | 0,000,000 | 0,000,000 | 000,000 | 0,000,000 | 000,000 |
| Scope 2 | 7,559,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 44,936,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Axa Xl is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
