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.
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.
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.
Axa Xl's score of 82 is higher than 90% of the industry. This can give you a sense of how well the company is doing compared to its peers.
In 2024, AXA XL reported total carbon emissions of approximately 37.1 million kg CO2e, a decrease from about 39.1 million kg CO2e in 2023. The emissions breakdown for 2024 includes Scope 1 emissions of approximately 911,000 kg CO2e, Scope 2 emissions of about 4.0 million kg CO2e (market-based), and Scope 3 emissions of approximately 32.2 million kg CO2e. AXA XL has set a target to reduce the carbon footprint of its general account assets by 20% by 2025, starting from 2023. This commitment reflects the company's ongoing efforts to address climate change and reduce its overall environmental impact. The emissions data for AXA XL is cascaded from its parent company, AXA SA, which provides a comprehensive framework for sustainability initiatives across its subsidiaries. This corporate family relationship ensures that AXA XL aligns with broader climate commitments and targets established by AXA SA. Overall, AXA XL's emissions data and reduction initiatives demonstrate a proactive approach to managing carbon emissions and contributing to global climate goals.
Access structured emissions data, company-specific emission factors, and source documents
| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | 2,427,000 | 0,000,000 | 0,000,000 | 0,000,000 | 000,000 | 0,000,000 | 000,000 | 000,000 |
| Scope 2 | 9,728,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 37,678,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
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 Xl 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.