We are firmly committed to embedding sustainability into our business practices and culture. Download our policies to know more.
Our investment philosophy is based on the conviction that sustainable development issues are a major concern for the coming years and need to be considered to build stable and profitable/ prosperous portfolios.
Our overall RI strategy which includes:
- a set of sectorial and normative exclusion policies,
- an active approach to voting and engagement,
- a conflict of interest policy in relation to stewardship activities,
- an ambitious ESG product strategy with clear criteria and guidelines depending on the level of sophistication taking into account regulatory as well as market best practices. The strategy is covering all our assets under management, but we acknowledge that ESG approaches must be adapted depending on the asset classes.
Our responsible investment policy provides an overview of our RI strategy.
Our top-level screening policies – covering Controversial Weapons, Soft Commodities, Climate Risks, and Ecosystem Protection & Deforestation - apply to the vast majority of assets. We were among the first asset managers to put in place a blanket exclusion for companies which derive more than 30% of revenues from coal. We also exclude assets linked to food commodities, deforestation and other unsustainable practices causing natural ecosystem conversion. and follow exclusion rules on controversial weapons such as Anti-Personnel Landmines.
We also manage Environmental, Social and Governance (ESG) and Responsible Investment funds applying additional exclusions policies to help systematically address the most severe sustainability risks in the investment decision-making process.
Climate Risk Policy
To support Paris Agreement goals and the transition to a low-carbon economy, we aim to reduce our exposure to carbon intensive sectors by excluding coal and oil sand activities.
Controversial Weapons Policy
We consider that investment in companies involved in Controversial Weapons activities or provisions to such companies should be avoided.
Ecosystem Protection & Deforestation Policy
Deforestation and natural ecosystems conversion have devastating consequences, both for the environment and society, and has pushed many species to the brink of extinction. We aim to avoid investment in companies involved in deforestation and natural ecosystem conversion when negative business practices are clearly identified.
Soft Commodities Policy
We strive not to participate in short-term instruments commodities or enter into speculative transactions that may contribute to price inflation in basic agricultural or marine commodities.
Our ESG integrated and ACT strategies apply our ESG standards policy, with additional exclusions on tobacco, white phosphorus weapons, UNGC breaches and poor ESG quality. This applies in a systematic manner to open funds. Specific approaches may apply for segregated accounts or alternative strategies.
At AXA IM, we strongly believe that exclusion policies must be combined with a strong stewardship strategy to hold companies and issuers accountable to achieve E, S and G targets and support them in their transition. It also complements portfolio allocation.
Through our engagement activities, we seek to use our influence as investors to encourage companies to mitigate environmental and social risks relevant to their sectors.
Voting at general meetings is an important element of the dialogue between a company and its shareholders; as an asset-manager, this is a core element of our fiduciary duty towards our clients. We vote in a manner that is intended to be sustainably beneficial to the long-term value of the companies in which we invest.
We attach great importance to communicating with our clients in the most transparent and exhaustive way possible, to give them a complete analysis of responsible investment and help them understand it.
We report on the implementation of our Engagement and Corporate Governance & Voting policies in our Active Ownership and Stewardship report.
- Download the 2020 Active Ownership and Stewardship report
- Download the 2019 Active Ownership and Stewardship report
Our Climate Report summarises the innovations and commitments that lie at the heart of our climate strategy.
Our Taskforce for Climate-related Financial Disclosure (TCFD) report reflects our innovations in climate strategy, investment and reporting, as well as our focus on generating positive and measurable impact in private and listed markets.