Describe the process(es) your organization has in place to ensure that your engagement activities are consistent with your overall climate change strategy[…]Please see Section 4.3 of the URD 2021 p.171 and Climate report Section 3.2 and 4.2.
Achieving the objectives of the COP21 Paris Agreement requires a whole economy transition. To this end, the Glasgow Financial Alliance for Net Zero (GFANZ) was launched in April 2021, ahead
of COP26. This global coalition of leading financial institutions brings together "net-zero† finance initiatives in the UN-backed "Race to Zero† committed to accelerating the decarbonization of the economy. As of November 2021, GFANZ membership includes more than 450 financial firms, including AXA, from 45 countries, responsible for assets of over US$130 trillion of private capital committed to transforming the economy for "net-zero†.
To ensure that AXA's engagement activites are consitent with your climate change strategy, AXA has implemented a set of indicators to measure and track its progress in every aspect of its activities:
"AXA for Progress Index†. Launched in April 2021 during the Annual Shareholders' Meeting, this Index is a set of seven commitments, translated into targets and shared across the Group to further embed sustainable development in our activities: as an investor, as an insurer and as an exemplary company.
In addition, AXA leverages its full expertise as an investor and as an insurer to accelerate the transition to a "net-zero† global economy, as a founding member of the Net-Zero Asset Owner Alliance (NZAOA – please refer to Section "Investments – Climaterelated portfolio alignment† below), as Chair of the Net-Zero Insurance Alliance (NZIA – please refer to Section "Insurance† below) since February 2021, and a signatory of the "Net Zero Asset Managers Initiative† (NZAMI).