AXA IM targets 'climate leaders' as it shuns oil and coal

Asset manager reveals enhanced climate commitments

Pedro Gonçalves
clock • 4 min read
Executive chairman Marco Morelli revealed AXA IM's new climate commitments
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Executive chairman Marco Morelli revealed AXA IM's new climate commitments

AXA IM will apply a more stringent climate lens to every investment decision it makes from 2022 as the asset manager pledges to go net zero by 2050.

AXA IM will adopt four different approaches when looking at high-impact companies and issuers depending on the category they fall in.  The asset manager will continue to invest in 'climate leaders', companies that provide climate solutions enabling the transition to a 1.5ºC world and/or already have a low carbon footprint and best in class climate and environmental practices. AXA IM will also work to identify 'transition leaders', companies with a good carbon reduction track record and/or a formal improvement path with measurable objectives. The firm wants to find those 'transition le...

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