Axa Sets Decarbonization Goals for Certain Portfolios
June 29 2023 - 9:28AM
Dow Jones News
By David Sachs
Axa on Thursday said it has set public decarbonization targets
for its property and casualty portfolios for the first time, and
that it will develop a claims management system for its
personal-motor business to aid the transition.
The French insurer said it will reduce the carbon emissions of
its largest commercial insurance clients by 30% by 2030, and reduce
the carbon intensity of its most significant personal-motor
portfolios by 20%. Both goals will use 2019 levels as a baseline,
Axa said.
Axa said it will develop "environmentally sustainable claims
management for its motor business by 2026."
The company also plans to reduce the carbon intensity of other
corporate clients by 20%, compared to a 2021 baseline, it said.
Write to David Sachs at david.sachs@wsj.com
(END) Dow Jones Newswires
June 29, 2023 09:13 ET (13:13 GMT)
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