AXA IM targets 26% reduction in emissions by 2025

Written by Adam Cadle

18/10/2022

AXA IM has announced its commitment to become a net-zero asset manager for its operations by 2050, with an interim target of reducing emissions by 26% by 2025.

As part of its 2022 Climate Action Report, AXA IM has also reported its Scope 3 emissions for the first time which details the impact of is supply chain including the indirect greenhouse gas emissions (GHG) from the purchase of all good and services, accounting for 96% of its total emissions. The business said its total emissions across Scopes 1, 2 and 3 amounted to 31,280 tCO2 e1.

Marco Morelli, executive chairman at AXA Investment Managers, said: “It is not enough to be an active player in responsible investment, we must also walk the talk and be fully transparent. At AXA IM, we hold ourselves to the same high standards that we ask of others and have taken this extra step so that we can start to take action on our total carbon footprint and because we expect it of the companies we invest in.

“With increasing regulation and expectation surrounding the reporting and disclosure of carbon footprints across the industry, it is the responsibility of companies like ours to lead by example in measuring and reporting carbon emissions with the greatest accuracy. The data we provide should be complete, transparent and available for scrutiny which is why we are proud to report our entire global carbon footprint including our Scope 3 emissions for the first time.”

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