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Corporate Responsibility

At AXA XL we believe that acting responsibly is central to moving the world forward.

From considering how our people and products can help build more resilient communities, to advancing understanding and response to climate change, our approach to Corporate Responsibility is the same as our approach to business; constantly seeking to provide innovative solutions to the world’s most complex problems.

Our colleagues are encouraged to invest in their local communities through our employee volunteering and philanthropy programs. Our annual volunteering day - the Global Day of Giving - allows us to donate our time and skills to the communities in which we live and work. Volunteering projects include preserving historic sites, delivering educational activities for children, serving meals at homeless shelters, and painting and gardening for local community centers. In 2017, approximately 5,000 colleagues participated. Since the tradition began, we have donated close to 320,000 hours to hundreds of nonprofits worldwide.

During 2017, we invested more than USD 4 million in communities and environments around the world. Across our offices more than 225 colleagues are engaged in our network of Regional Charity Committees, which have responsibility for charitable giving at a local level.

Our Ocean Risk Initiative was launched in 2017 to highlight the implications of ocean-derived risk and develop cross-sectoral solutions that help to build resilience at local, regional and global levels. It is underpinned by:

  • Thought leadership projects;
  • Leadership to drive insurance industry responses to Ocean Risk;
  • Increasing ocean literacy through our Oceans Education program, which provides teachers with comprehensive resources to introduce 7 to 16 year olds to the importance of oceans to our planet.

We’re proud to be a participant of Blue Marble Microinsurance, a global group of insurers and brokers operating as a virtual business unit to share their expertise on addressing the ‘protection gap’ through sustainable, socially beneficial and commercially viable microinsurance products. And, we continue to support the Insurance Development Forum (IDF), a public/private partnership led by the insurance industry and supported by the United Nations and the World Bank. The IDF is initially supporting the G7 InsuResilience target of extending insurance coverage to an additional 400 million vulnerable people by providing technical expertise to help governments assess and manage their risks, as well as developing microinsurance solutions to help safeguard disaster-prone communities.

We proactively measure carbon emissions generated through our business activities, allowing us to monitor footprint changes and target areas for future emissions reduction. We offset the company’s global travel emissions through the purchase of carbon credits with The Nature Conservancy’s Valdivian Coastal Reserve project, certified under VCS and CCB standards. The purchase of our carbon credits are contributing to the protection of 50,251 hectares (124,173 acres) of ancient temperate rainforest, saving numerous endemic species and unique vegetation, and supporting the economic development of local communities.

We hold ourselves to high standards with strict governance practices, especially regarding marketplace and workplace conduct. As markets evolve and our strategy progresses, ethical behavior remains a cornerstone of our culture.

Useful Links:

2017 CR Report

Ocean Risk and the Insurance Industry report

AXA Group’s 2017 Annual Report (Section 7 – Corporate Responsibility)

AXA Group’s 2017 Integrated Report

Modern Slavery Act

XL Foundation Grant Application for Bermuda-based Registered Charities