AXA XL launches "Roots of resilience" sustainability strategy

AXA XL, the property & casualty and specialty risk division of AXA, has set 23 targets in its three-year sustainability strategy called “Roots of resilience”.

Below are the strategy goals, which AXA XL described as ambitious.

Valuing nature

Understanding our impact
Promoting nature protection
Highlighting nature risks
Assessing the value of nature
Reforesting in critical areas
Joining forces for nature
Training colleagues
Promoting local biodiversity

Addressing climate change

Boosting green business
Reducing our carbon footprint
Driving toward net zero
Sharing societal-led climate solutions
Transitioning to a low-carbon economy

Integrating ESG (environmental, social, and governance)

Supporting our communities
Delivering ESG training
Developing our talent
Prioritising inclusion & diversity
Empowering ESG innovations
Catalysing ESG conversations
Rolling out ESG action plans
Managing supply chain risks
Enhancing governance
Reporting on our performance 

“The window of opportunity to build a resilient future for the planet is rapidly closing,” said AXA XL chief executive Scott Gunter in an emailed release. “Our new strategy aims to raise awareness of biodiversity risks to inspire clients and colleagues to put nature first.

“As a leading commercial insurer and reinsurer, partnering with many of the world’s major corporations and brands, we know that focussing on sustainability is not just a good thing to do, it’s good risk management.”

Gunter added: “Consumers’ interest in the environmental and social governance standards of companies they buy from, increased activism, shareholder pressures, and greater regulatory oversight are all important factors which put sustainability at the very heart of how companies operate.”

Details of AXA XL’s “Roots of resilience” sustainability strategy can be viewed here.