AXA IM to join the Net Zero Asset Managers initiative and to commit to net zero emissions goal
AXA Investment Managers (AXA IM) announces its commitment to bring carbon emissions across all assets to a target-based net zero goal by 2050 or sooner, by joining the newly created Net Zero Asset Managers initiative.
This coalition is joined by 30 founding investors, representing over $9 trillion of assets under management. They will work in collaboration with clients to drive meaningful environmental and societal change by reaching net zero by 2050 or sooner.
Marco Morelli, Executive Chairman, AXA Investment Managers said: “There is an urgent need now to accelerate the transition towards global net zero emissions and as such, the fight against climate change requires cooperation. The financial services industry must be at the forefront to drive this collective action. As long-term stewards of the investments entrusted to them, asset managers have the ability to contribute to achieving the goals of the Paris Agreement and can play a pivotal role in tackling these challenges, which we know are also key concerns for our clients.
“We made strong commitments to our climate journey several years ago with the decision to divest from coal in 2016 and continue to progress with the work we conducted on the warming potential of our assets. Being among the first asset managers to commit to reaching net zero greenhouse gas emissions by 2050 across all our assets under management is another major milestone of our responsible investment approach, and complements the commitment made by the AXA Group one year ago.”