AXA was the first insurer to take action on coal in 2017 but has not kept up with the growing urgency of the climate crisis. The company did not make it to the top five in this year’s scorecard. AXA should follow and exceed the example set by Generali and rule out all fossil fuel expansion immediately.
AXA
2024 Scorecard on Insurance, Fossil Fuels and the Climate Emergency
| Company | Country | ceo | Underwriting | Investment | Renewables : Fossils Premiums (%) | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total | Coal | Oil & Gas | Total | Coal | Oil & Gas | |||||||
AXA | | Thomas Buberl | 4.03 / 10 Rank 6 Total 4.03 / 10 Coal 6.36 / 10 Oil & Gas 2.40 / 10 Total Rank 6 Coal Rank 4 Oil & Gas Rank 9 | 6.36 / 10 Rank 4 | 2.40 / 10 Rank 9 | 6.34 / 10 Rank 3 Total 6.34 / 10 Coal 9.17 / 10 Oil & Gas 4.38 / 10 Total Rank 3 Coal Rank 2 Oil & Gas Rank 3 | 9.17 / 10 Rank 2 | 4.38 / 10 Rank 3 | 30:70 | |||
CEO: Thomas Buberl
FranceUnderwriting Score
Total
4.03 / 10
Rank 6
Coal
6.36 / 10
Rank 4
Oil & Gas
2.40 / 10
Rank 9
Investment Score
Total
6.34 / 10
Rank 3
Coal
9.17 / 10
Rank 2
Oil & Gas
4.38 / 10
Rank 3
Rank over time
The companies were ranked from 1 (best) to 30 (worst) based on their scores, companies with the same score were given the same rank. Data was not collected on oil & gas until 2020.
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