AXA Climate helps organisations adapt to climate change

Entity of the AXA insurance group created in 2019 to participate in the ecological transition of the economy, AXA Climate pursues its mission by multiplying innovative initiatives. Last example in date through its rapprochement with the great Parisian school ESCP Business School. The two new partners are now offering a training programme to help organisations deal with climate change.

FACTS

• More than companies, AXA Climate and its new partner, the ESCP Business School, are now committed to raising awareness and even training about their adaptation to climate risk.

• The two new partners have just launched the Adaptation programme for companies and public actors.

• This programme should first and foremost encourage exchanges with academic actors in order to promote pedagogy on climate change and its impact on the economy and activities. It builds on three specific initiatives:
  • research and publication of scientific documentation and an adaptation barometer for the general public,
  • public conferences aimed at opening the debate on topics related to adaptation and its challenges,
  • An exploratory programme of feedback from organisations capable of sharing good practices among large CAC 40 companies, SMEs or local authorities.

ISSUES

• Address a need: AXA Climate and ESCP Business School highlight the results of an Ademe study to justify the legitimacy of their new joint initiative. In 2023, more than 3,000 companies were interviewed about their preparedness to deal with climate risks. Only half of them finally felt that they had carried out relevant adaptation actions.

• Table on pedagogy : The deployment of this new training program by AXA Climate represents a strategic confirmation of its ambitions. In addition to the organisations, the insurance group also proposed in October 2024 to help companies adapt to climate change. This initiative This led to the deployment of a climate risk analysis platform for companies and industry. AXA Climate proposed training for HR managers in April 2024.

• Defending its reference status : This new partnership signed with the ESCP Business School is another initiative led by AXA Climate to sustain the economy despite climate change. And this effort is being made internationally since AXA Climate has also recently launched a new climate insurance product to protect farmers in the Democratic Republic of the Congo (whose premiums are subsidized by the World Bank). This parametric coverage is part of an emerging trend in the deployment of climate insurance.

PERSPECTIVE

• In order to ensure its mission and continue the deployment of its various initiatives, AXA Climate will be able to rely on the financial health of its group. AXA indeed comes from present its results for the year 2024 and shows a net profit and record turnover.

• The insurer is in fact recording a 10% increase in its net profit which now reaches EUR 7.9 billion, when its turnover increases by 7% to EUR 110 billion.

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