Axis bolsters plans to phase out thermal coal amid industry-wide ESG action
  • X
  • LinkedIn
  • Email
  • Show more sharing options
  • Print
  • X
  • LinkedIn
  • Email
  • Free trial
  • Log in

Axis bolsters plans to phase out thermal coal amid industry-wide ESG action

Samuel Casey
20 October 2021
  • X
  • LinkedIn
  • Email
  • Show more sharing options
  • Print
  • X
  • LinkedIn
  • Email
Wind turbine with coal power plant view from drone.jpg

Axis is the latest insurer to update its fossil fuel underwriting and investment stance, making commitments to phase out thermal coal globally in under 20 years and to invest $20mn in a climate finance partnership.

The company has committed to phase out thermal coal business completely from its insurance, facultative, reinsurance and investment portfolios in the Organisation for Economic Co-operation and Development and EU by 2030, and globally by 2040.

Its

Subscribers, log in here:

Fuel a smarter strategy with our actionable market intelligence

      • Gain a competitive edge and accelerate decision-making
      • Be empowered by insights that transform confusion to clarity
      • Uncover growth opportunities and prepare for potential threats
      • Fuel a smarter strategy for business growth
Request a free trial Already a subscriber? Log in now

Topics

News ESG Axis Capital
sam casey/sam casey ii red.png
Samuel Casey
Senior Reporter
Contact
Gift this article