We were among the first asset managers to put in place a blanket exclusion for companies which derive more than 30% of revenues from coal. We also exclude assets linked to food commodities, deforestation and other unsustainable practices causing natural ecosystem conversion. and follow exclusion rules on controversial weapons such as Anti-Personnel Landmines.
We also manage Environmental, Social and Governance (ESG) and Responsible Investment funds applying additional exclusions policies to help systematically address the most severe sustainability risks in the investment decision-making process.
Climate risk policy
To support Paris Agreement goals and the transition to a low-carbon economy, we aim to progressively reduce our exposure to carbon intensive sectors by excluding companies most exposed to coal and unconventional oil & gas oil sand activities and by engaging with a selection of companies not excluded by our criteria.
Ecosystem protection & deforestation policy
Deforestation and natural ecosystems conversion have devastating consequences, both for the environment and society, and has pushed many species to the brink of extinction. We aim to avoid investment in companies involved in deforestation and natural ecosystem conversion when negative business practices are clearly identified.
Soft commodities policy
We strive not to participate in short-term instruments commodities or enter into speculative transactions that may contribute to price inflation in basic agricultural or marine commodities.
ESG Standards Policy
Our ESG integrated and ACT strategies apply our ESG standards policy, with additional exclusions on tobacco producers, white phosphorus weapons producers, companies in violation of International Norms and Standards and exposed to severe controversies as well as those with poor ESG quality. We also avoid investing in debt instruments issued by countries where the worst forms of human right violations are observed.Download Policy (September 2023)
We are not a passive partner for clients – we are an active owner of assets on their behalf. AXA IM’s stewardship strategy seeks to protect client investments by raising issues of concern that may have a material impact on company performance and investor value over the longer term. We strive to reduce investment risk, enhance returns and drive positive impacts for society and the environment.
Through our stewardship activities, we seek to use our influence as investors to encourage companies to mitigate environmental and social risks relevant to their sectors.
Conflict of interests policy
This document aims at explaining AXA IM’s approach to conflicts of interests arising from its stewardship activities and is complementary to AXA IM’s general conflict of interests policy.
We take an active engagement approach, emphasising direct dialogue with companies on sustainability and governance issues that have a material impact on long-term financial performance.
2022 Article 29 / TCFD report
Our joint Article 29 of the French Energy & Climate Law & Taskforce for Climate-related Financial Disclosure (TCFD) report reflects in a comprehensive manner our commitments and strategies regarding the integration ESG criteria in our activities, notably regarding climate change & biodiversity.
Climate action report
As the window to act on the climate emergency narrows, as a global investor, business and employer, we know that our response to tackling the climate crisis must go beyond what is expected of an asset manager calling itself ‘responsible’. Here, we report on our progress, innovations and commitments that lie at the heart of our climate strategy.
This report aims to address the French Article 29 of the Law Energy-Climate regulatory requirements and to follow The Task Force on Climate Related Financial Disclosures (“TCFD”) recommendations.
Active ownership and stewardship report
Our 2021 Active Ownership and Stewardship Report details our interactions with issuers over the year, alongside our vision for expanding that activity in the future.
Our Taskforce for Climate-related Financial Disclosure (TCFD) report reflects our innovations in climate strategy, investment and reporting, as well as our focus on generating positive and measurable impact in private and listed markets.