AXA IM Aligns 65% of AUM with Net Zero Pathway

As a member of the Net Zero Asset Managers initiative (NZAMI), AXA Investment Managers has published its second progress report, which noted that the firm, as of the end of 2021, now manages 65% (€580 billion) of its total AUM in line with net zero. This includes 100% of its corporate equity and bonds, government bonds, listed real assets, and real estate assets managed on behalf of AXA Group. All NZAMI members are required to adopt a net zero emissions by 2050 target for their portfolios. The initiative now has 236 signatories, collectively managing US$57.5 trillion in assets.

Marco Morelli, Executive Chairman at AXA IM, said: “Targets have been set for the majority of asset where net zero methodologies are available for the time being, and where we have the ability to set such targets from a legal perspective. Going forward, our aim is to continue to grow the proportion of net zero-aligned AUM as reliable methodologies become available for all asset classes. As part of our net zero commitment, we will continue to engage with a number of companies which are not yet on a net zero-aligned trajectory. We will also continue to invest in companies providing climate solutions, innovation being essential to enable the transition.”

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