“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.”
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
Source: Insurance Business
