- Increase in total emissions compared to 2022 due to a rise in business travel after COVID-19.
- Identifying and measuring supply chain risks.
AXA XL
Carbon Emissions & Sustainability Report
CO₂ Emissions
39.1K tCO2e/year
2023
Reduction
-115.6%
since 2020
📊 Emissions Breakdown (2023)
Scope 1
Direct emissions
764 tCO2e/year
Scope 2
Electricity
4.3K tCO2e/year
Scope 3
Supply chain
34.0K tCO2e/year
📈 Historical Emissions
2023
39.1K tCO2e/year
2022
25.6K tCO2e
2020
18.1K tCO2e/year (2020)
✅ Key Environmental Achievements
- Reduced operational emissions by an estimated 34% since 2019.
- Achieved 7% revenue increase from green products and services compared to a 2020 baseline.
🎯 Future Goals
🔜 Short-term
- Establish a comprehensive baseline of business’s impact on nature by 2024
- Provide ESG and sustainability training for 100% of colleagues and boards by 2024
- Develop cross-functional ESG action plans by 2024
📅 Medium-term
- Reduce operational carbon footprint by 25% by 2025
- Increase client awareness of underappreciated nature risks by 2025
- Integrate sustainability commitments further into talent management by 2025
- Promote DEI agenda with external stakeholders by 2025
- Deliver ESG roundtables to our cross-regional clients by 2025
🔭 Long-term
- Invest $5 million globally, and 75,000 volunteering hours, by 2026
- Measure and reduce supply chain risks by 2026
- Identify ways to increase the robustness of our sustainability governance by 2024
- Advance our sustainability reporting by 2024
- Publish net zero roadmap and updated carbon reduction goals by 2026
🌱 ESG Focus Areas
Valuing NatureAddressing Climate ChangeIntegrating ESG