Ranked among Europe’s largest insurers, AXA stopped underwriting certain new coal projects in 2017 and last year committed to wind down its existing coal insurance contracts by 2040. At the same time, the company has been divesting its coal and oil sands holdings since 2015 and pledged two years ago to put 24 billion euros into green projects by 2023. Perhaps most ambitiously, AXA has committed to reduce the warming potential of its portfolios to 1.5°C by 2050.

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