AXA

How ethical and sustainable is AXA? 

AXA is a company that is listed in The Good Shopping Guide’s Ethical Insurance Ratings Table. AXA has yet to reach our ethical requirements, but we hope that the brand will make the necessary changes in the future to operate as a more ethical corporation.

The Good Shopping Guide to Ethical Insurance Companies has more information on the importance of Ethical Insurance. Using our Ethical Insurance Rating Table, contrast it with other brands.

What does AXA do?

AXA is a provider of car insurance, home insurance, business, landlord and health insurance. The brand was founded in Normandy in the early 19th century by Ancienne Mutuelle de Rouen. The AXA name was launched in 1985 but wasn’t fully used until the early 1990s. The brand is owned by AXA S.A.

For which criteria does AXA perform poorly? 

Despite the progress that has been made, there are still areas that the car and home insurance provider could improve.

AXA receives a low rating for Irresponsible Lending and Political Donations. AXA has been criticised for financing Elbit systems, Israel’s leading arms company, which is known for supplying weapons that have already killed and injured many people, including children.

In recent election cycles, the insurance provider has also provided over a million dollars towards political parties and therefore receives a bottom rating in the Political Donations category.

AXA received a bottom rating for its Responsible Investment Policy. Despite the AXA’s Responsible Investment Policy outlining various different investment areas that it excludes, the company was marked down for still allowing significant investment in the armaments and fossil fuels industries.

In what areas does AXA score well for its ethics?

AXA receives a top rating in the Environmental Report category, as the company displays some commitment to furthering its environmental record.

How can AXA improve its ethical rating?

The Good Shopping Guide divides a brand’s Ethical Rating into three categories: the Environment, People, and Animals. To achieve an acceptable score in the Insurance sector, AXA would require significant improvements in most research areas.

For instance, AXA must  re-evaluate its investment practices and ensure it limits investment in companies that profit from controversial industries.

Corporate social responsibility, ethics, and sustainability for insurance firms

Please complete an Initial Sustainability & Ethics form if you oversee or work for an ethical insurance provider and are interested in learning more about how to accredit and certify your brand. Your certification application gets underway with our simple Initial Sustainability Form. Insurance companies like Aviva and ETA have profited from this accreditation of ethics and sustainability. If you have any inquiries regarding how ethical accreditation could benefit your organisation, get in touch with us.