Axa enhances environmental criteria in its executive bonus calculations

For nearly 5,000 employees of the French insurance group, social and climate targets will make up 30% of the total bonus amounts they can earn. To receive these bonus elements, employees will have to meet the group’s objectives of reducing the operations’ carbon emissions and the carbon footprint of the group’s assets. These criteria will complement the insurer’s Dow Jones Sustainability Index score (assesses environmental, social and governance performance elements), which saw Axa rank No. 2 among insurers in 2020. In 2019, the company raised its climate targets so as to double its green investments by 2023 and enable alignment of the group’s businesses’ with the Paris Agreement goal of global warming well below 2°C by 2100. To accomplish this Axa has set up an internal rating for almost all its investments. According to the industry publication News Assurance Pro, training will soon be offered to the group’s 120,000 employees that will enable them to include environmental impacts into their decision-making.