AXA

InfluenceMap Score
C
Performance Band
71%
Organisation Score
48%
Relationship Score
Sector:
Financials
Head​quarters:
Paris, France
Brands and Associated Companies:
AXA Investment Managers, AllianceBernstein
Official Web Site:
Wikipedia:

AXA and its subsidiaries appear to have had moderate engagement on sustainable finance policy, with almost exclusively positive positions. AXA has advocated for action to achieve net-zero by 2050 and has expressed support for reform of the financial sector to address short-termism in markets. AXA has also been part of a number of net-zero initiatives, being chair of the Net-Zero Insurance Alliance, and subsidiary AXA Investment Managers has also joined the Net Zero Asset Managers Initiative.

AXA has expressed broad support for the EU Sustainable Finance Action Plan. In 2018-19, AXA and AXA Investment Managers (IM) expressed broad support for the taxonomy, with an AXA IM report warning against a prescriptive approach but supporting the extension of the taxonomy to cover environmentally harmful activities. However, in a media article in 2021, AXA’s CEO Thomas Buberl, appeared to endorse a possible inclusion of nuclear in the EU’s taxonomy.

In its 2018 Responsible Investment Review, AXA IM appeared to support the need for green bond standards, and AllianceBernstein appeared to support the EU Green Bond Standard in a 2021 blog.

AXA has also continued to state support for the TCFD, while subsidiary AllianceBernstein supported the need for the SEC to take part in improving corporate ESG disclosure in 2020. In 2021, AllianceBernstein also supported the SEC’s initiative to regulate corporate climate disclosure and further advocated for required reporting on Scope 3 emissions. With regard to European policy, AXA IM offered broad support for the EU’s Non-Financial Reporting Directive (NFRD) in its website and co-signed an investor statement urging EU policymakers to increase the ambition of the Corporate Sustainability Reporting Directive (CSRD) in 2021. AXA IM also supported mandatory implementation of the TCFD for occupational pension schemes in response to the UK Department for Work and Pensions’ consultation in 2021.

In 2020, AXA's subsidiary AllianceBernstein, strongly opposed proposed rollbacks by the US Department of Labor and the SEC that would limit fiduciaries' voting on ESG issues and shareholder rights, respectively. AXA IM also offered broad support for the EU Sustainable Finance Disclosure Regulation (SFDR) in a website article.

AXA lacks a clear dedicated disclosure of its positions on sustainable finance policy except for broad positions on its website. Beyond listing trade associations, AXA has not clearly described the management of its indirect influence. In separate disclosures, subsidiary AXA IM disclosed key committees and working groups, but also did not give further information about governance of indirect influence.

QUERIES
DATA SOURCES
10NSNS1NSNS
11NSNS12NS
1NS1NS100
12110NSNS
11NSNS10NS
11NSNSNSNSNS
1NSNS11NSNS
1NSNSNSNSNSNS
0NANANANANANA
-1NANANANANANA
Strength of Relationship
STRONG
 
 
 
 
 
 
 
WEAK
 
71%
 
71%
 
41%
 
41%
 
42%
 
42%
 
47%
 
47%
 
54%
 
54%
 
30%
 
30%
 
56%
 
56%
 
49%
 
49%
 
47%
 
47%
 
48%
 
48%
 
81%
 
81%

How to Read our Relationship Score Map

In this section, we depict graphically the relationships the corporation has with trade associations, federations, advocacy groups and other third parties who may be acting on their behalf to influence climate change policy. Each of the columns above represents one relationship the corporation appears to have with such a third party. In these columns, the top, dark section represents the strength of the relationship the corporation has with the influencer. For example if a corporation's senior executive also held a key role in the trade association, we would deem this to be a strong relationship and it would be on the far left of the chart above, with the weaker ones to the right. Click on these grey shaded upper sections for details of these relationships. The middle section contains a link to the organization score details of the influencer concerned, so you can see the details of its climate change policy influence. Click on the middle sections for for details of the trade associations. The lower section contains the organization score of that influencer, the lower the more negatively it is influencing climate policy.