AXA Mexico’s Commitment to a Low-Carbon Economy
AXA Mexico solidifies its role as a key player in the transition to a low-carbon economy by presenting its Sustainability Report 2024. The report highlights significant progress in reducing environmental impact, designing green products, and making responsible investments.
From 2019 to 2024, AXA Mexico successfully decreased its carbon emissions by 85%, reduced water consumption by 46%, and operated with 78% clean energy. Berenice Valencia, AXA Mexico’s Sustainability Manager, stated, “Our sustainability strategy aligns with global standards such as SBTi, CSRD, and ESRS, forming an essential part of AXA’s DNA.”
Growth in Sustainable Investments Portfolio
One of the most notable achievements is the growth in AXA Mexico’s portfolio of sustainable investments. Eduardo Gómez, AXA Mexico’s Investment Leader, mentioned that in 2024, they doubled their investment in sustainable bonds, reaching 1,270 million pesos.
Moreover, 87% of their portfolio has a global ESG rating of 4.16, while the environmental footprint of their assets has been reduced by 30% since 2019.
Green Insurance Policies
In the area of insurance products, AXA Mexico reported 610 million pesos in premiums for hybrid and electric vehicle insurance, growing at an annual rate of 52.7%.
Additionally, AXA Mexico has included coverage for clean energy infrastructure such as solar, wind, and water treatment plants.
Support for Carbon Offset Projects
As part of its commitment to biodiversity, AXA Mexico supports carbon offset projects in Mexico, including the restoration of the Mayan rainforest in Calakmul and the protection of the monarch butterfly habitat in the State of Mexico.
These programs have enabled the capture of over 330,000 metric tons of CO2 and generated community jobs. Furthermore, 90% of AXA Mexico’s employees have been trained through the AXA Climate Academy, with modules on climate change, biodiversity, and circular economy.
AXA Mexico has also implemented green technologies such as water-based paint in its automotive workshops, reducing volatile organic compound emissions and improving working conditions.
Key Questions and Answers
- What is AXA Mexico’s Sustainability Report 2024 about? The report details AXA Mexico’s progress in reducing environmental impact, designing green products, and making responsible investments as it transitions to a low-carbon economy.
- How much have AXA Mexico’s carbon emissions decreased? AXA Mexico has reduced its carbon emissions by 85% from 2019 to 2024.
- What is the growth in AXA Mexico’s sustainable investments portfolio? AXA Mexico doubled its investment in sustainable bonds, reaching 1,270 million pesos in 2024.
- What types of green insurance policies does AXA Mexico offer? AXA Mexico offers insurance for hybrid and electric vehicles, with premiums growing at an annual rate of 52.7%.
- What carbon offset projects does AXA Mexico support? AXA Mexico supports projects like the restoration of the Mayan rainforest in Calakmul and protection of monarch butterfly habitats, capturing over 330,000 metric tons of CO2.
- How has AXA Mexico trained its employees regarding sustainability? 90% of AXA Mexico’s employees have been trained through the AXA Climate Academy, with modules on climate change, biodiversity, and circular economy.
