Our overall sustainability strategy 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,
- an inclusion & diversity policy to drive progress.
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.
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.
ESG Standards Policy
As stewards of our clients’ assets, our primary goal is to help them preserve and grow their wealth. An important part of achieving this is by investing responsibly. We believe that responsible investment can not only deliver sustainable, long-term value for clients but that it can also make a positive impact on society. 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.Download the ESG Standards policy (Nov 2021)
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.
We are continuously pushing for more ambitious climate strategies and expect more ‘say-on-climate’ resolutions to be put to investors. Companies which we consider to be laggards in addressing climate change and its risks will be subject to a ‘three strikes and you’re out’ principle. This policy aims to define clear areas of improvement for those companies, tailored to their activities, and communicated to their management at the beginning of the engagement with a clear and short timeframe for progress.
At AXA IM, we consider investor engagement as a change process where investors seek to improve investee companies’ practices with a specific objective in mind. We do this on behalf of our equity and bond holdings,
in listed and non-listed markets.
Conflict of Interests policy
To comply with regulations regarding the prevention of conflict of interest, we created a conflict of interests policy in relation to our stewardship activities.
Corporate governance and voting policy
Our corporate governance and voting policy provides a robust global framework for encouraging high-quality, responsible leadership. In 2022, we unveil a new voting policy to urge investee companies to further consider environmental and social issues.
Inclusion for progress
At AXA IM, diversity and inclusion are closely linked to our values and to our culture of respect for employees, clients and the communities around us. We always aim to create an environment where everyone feels they belong, are included and can thrive.Download our global inclusion & diversity policy (May 2021)
2020 TCFD report
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.