AXA trims portfolio's 'warming potential', as company warns of climate costs

James S Murray
clock • 2 min read

Insurance giant's annual climate report warns the companies it invests in could lose over 10 per cent of their revenues by 2030 under a 1.5C scenario

AXA has today published its fourth annual Climate Report, detailing how its efforts to align its investments with the Paris Agreement have led to a reduction in the 'warming portfolio' of its portfolio...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

James S Murray
Author spotlight

James S Murray

View profile
More from James S Murray

Plant-Forward: Novotel to launch climate-friendly menus across 600 hotels

'Enshrined in law': Government proposes cash boost for communities hosting clean energy projects

More on Investment

'Alarming failures': Are asset managers stalling on their responsible investment promises?
Investment

'Alarming failures': Are asset managers stalling on their responsible investment promises?

Latest benchmark ranking of asset managers by ShareAction warns progress on sustainable investment is stagnating, even as climate risks intensify

Amber Rolt
clock 20 May 2025 • 8 min read
Financial firms join UK taskforce to help unlock climate investment in developing economies
Investment

Financial firms join UK taskforce to help unlock climate investment in developing economies

UK government's Emerging Markets and Developing Economies (EMDE) Investor Taskforce highlights potential for tenfold returns from backing climate adaptation and mitigation projects

Michael Holder and Patrick Brusnahan
clock 20 May 2025 • 2 min read
Marisa Drew: 'A great deal of power lies in the consumer wallet'
Investment

Marisa Drew: 'A great deal of power lies in the consumer wallet'

Standard Chartered's chief sustainability officer reflects on her move into sustainability from investment banking, how 'big ideas' are coming from unexpected places, and the co-benefits of electric driving

Stuart Stone
Stuart Stone
clock 20 May 2025 • 9 min read