Axa Xl Sustainability Profile
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 Scope 1 emissions of about 764,000 kg CO2e, Scope 2 emissions of approximately 4,318,000 kg CO2e, and significant Scope 3 emissions amounting to about 33,990,000 kg CO2e. The previous year, 2022, saw total emissions of around 26,650,000 kg CO2e, indicating a notable increase in emissions year-on-year. AXA XL's emissions data is cascaded from its parent company, AXA SA, reflecting a corporate family relationship. The company has set a target to decrease the carbon footprint of its general account assets by 20% by 2025, starting from 2023. This commitment aligns with broader industry standards and reflects AXA XL's dedication to addressing climate change. The emissions data highlights the company's significant reliance on Scope 3 emissions, which primarily stem from employee travel and other indirect activities. In 2022, for instance, employee-related travel contributed approximately 18,473,000 kg CO2e to the total emissions. AXA XL's ongoing efforts to reduce its carbon footprint demonstrate a proactive approach to sustainability, with a clear focus on measurable targets and accountability within its corporate structure.
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| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 2,427,000 | 0,000,000 | 0,000,000 | 0,000,000 | 000,000 | 0,000,000 | 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 |
| Scope 3 | 37,678,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
How Carbon Intensive is Axa Xl's Industry?
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Axa Xl'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 Xl has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
