Press release
Paris, February 25, 2022 – On the occasion of the presentation of its annual results for 2021, AXA IM clarifies its climate commitments and its policy on oil and gas (1). AXA IM will still be able to invest in the companies behind most of the new supply projects in the sector. Not only is the investor only excluding a portion of the unconventional sector, but it also plans a vague exception regime for companies with a “robust transition plan”. Reclaim Finance denounces the gulf between AXA IM’s ambitious climate commitments and the measures adopted to meet them, and reiterates its call for financial institutions to draw a red line on oil and gas expansion.
Read our full reaction in French here.