AXA IM reveals first carbon footprint of 31,280 tonnes of CO2

Scope 1, 2 and 3 emissions

AXA Investment Managers has revealed the full scale of its Scope 1, 2 and 3 emissions, reporting that the firm polluted the equivalent of 31,280 tonnes of carbon dioxide in 2021.

In the firm's 2022 Climate Action report published today (17 October), AXA IM revealed that this result was "higher than our initial estimate" because its Scope 3 emissions for its supply chain were included for the first time. Scope 3 emissions account for 96% of the firm's total greenhouse gas emissions. The Scope 3 emissions sat at 30,020 tonnes of CO2 equivalent, coming mostly from suppliers, such as "business travel, the purchase of services, the purchase of goods including IT material, cloud usage, commuting, catering and home working". Investments were excluded from the stud...