As a member of the Net Zero Asset Managers Initiative (NZAMI) created in December 2020, AXA Investment Managers (AXA IM) has committed to support the goal of net zero greenhouse gas (GHG) emissions by 2050, in line with global efforts to limit warming to 1.5°C (“net zero emissions by 2050 or sooner”).
With signatories due to share their individual progress to the NZAMI ahead of COP 26, AXA IM has reported that EUR137 billion of the assets it manages are on course to reach net zero by 2050 or sooner, representing 41 per cent of all listed corporate stocks & bonds as well as direct real estate assets under management.
Marco Morelli, Executive Chairman at AXA IM, says: “We are reporting on our net zero journey for the first time today and in a few weeks, during the World Climate Summit in Glasgow, we will share further details on how we intend to not only support but accelerate the transition to a low-carbon world. This will include our interim targets and new ambitious commitments”.
“While climate action remains a collective effort across policy makers, corporates, governments and investors, we at AXA IM firmly believe that we can make a difference by allocating increasingly more capital towards companies and projects that are dedicated to supporting the goal of achieving net zero greenhouse gas emissions by 2050 or, when possible, sooner,” adds Morelli.