- Increase in total emissions compared to 2022 due to a rise in business travel after COVID-19.
- Identifying and measuring supply chain risks.
AXA XL
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, AXA XL disclosed greenhouse gas emissions of 39.1K tCO2e/year. By scope: Scope 1: 764 tCO2e/year; Scope 2: 4.3K tCO2e/year; Scope 3: 34.0K tCO2e/year. Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
39.1K tCO2e/year
2023
📊 Emissions by Scope (2023)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 764 tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 4.3K tCO2e/year |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 34.0K tCO2e/year |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2023 | 39.1K tCO2e/year |
| 2022 | 25.6K tCO2e |
| 2020 | 18.1K tCO2e/year (2020) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Reduced operational emissions by an estimated 34% since 2019.
- Achieved 7% revenue increase from green products and services compared to a 2020 baseline.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Establish a comprehensive baseline of business’s impact on nature by 2024
- Provide ESG and sustainability training for 100% of colleagues and boards by 2024
- Develop cross-functional ESG action plans by 2024
📅 Medium-term
- Reduce operational carbon footprint by 25% by 2025
- Increase client awareness of underappreciated nature risks by 2025
- Integrate sustainability commitments further into talent management by 2025
- Promote DEI agenda with external stakeholders by 2025
- Deliver ESG roundtables to our cross-regional clients by 2025
🔭 Long-term
- Invest $5 million globally, and 75,000 volunteering hours, by 2026
- Measure and reduce supply chain risks by 2026
- Identify ways to increase the robustness of our sustainability governance by 2024
- Advance our sustainability reporting by 2024
- Publish net zero roadmap and updated carbon reduction goals by 2026
🌱 ESG Focus Areas
Valuing NatureAddressing Climate ChangeIntegrating ESG