New Business Decarbonisation Plan for AXA IM

France-headquartered firm AXA Investment Managers has published the global carbon footprint of the business and set out its action plan for decarbonising in line with its net zero by 2050 target. Not including the emissions of its investments, the firm’s total emissions across Scopes 1-3 amounted to 31,280 tCO2e last year, AXA IM said. By 2025, AXA IM intends to cut carbon emissions produced by business travel by 40%, reduce office energy consumption by 36%, and reduce water consumption and unsorted waste by 10% respectively. To reduce the business’ Scope 3 emissions, AXA IM will be engaging with its most material suppliers and service providers to encourage sustainable change. Progress against these targets will be reported annually, the plan noted. Any emissions considered ‘unavoidable’ will be offset, it added. To reduce the business’ Scope 3 emissions, AXA IM will be engaging with its most material suppliers and service providers to encourage sustainable change. Marco Morelli, AXA IM’s Executive Chairman, said: “It is not enough to be an active player in responsible investment, we must also walk the talk and be fully transparent […] because we expect it of the companies we invest in. The date we provide should be complete, transparent and available for scrutiny, which is why we are proud to report our entire global carbon footprint including our Scope 3 emissions for the first time.”  

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