To help realize our purpose, we are growing our corporate citizenship program in the areas where we believe we can make the greatest impact.

Climate-related risks are among the most serious issues facing the world today and we believe that (re)insurers have an important role to play in mitigating climate risk and supporting the transition to a low-carbon economy. As part of our efforts, AXIS is:

 

Investing in our Renewable Energy business, where AXIS is a top global player, and promoting the increased adoption of alternative energies as part of the climate transition. In addition, we are striving to incentivize sustainable behavior across business lines through favorable pricing, premium credits and risk mitigation assessments

Phasing out thermal coal business from our insurance, facultative reinsurance, and investment portfolios, and significantly limiting business related to oil sands and the Arctic National Wildlife Refuge. Read our policy here

Actively tracking our greenhouse gas emissions (see results here) and using the results to identify opportunities to mitigate our footprint and minimize our operational impact. Several of our buildings are LEED or BREEAM certified

We are building an organization grounded in the strength and diversity of our employees. We value and actively embrace different perspectives and experiences, and we are focused on creating a culture of inclusion. We are scaling up our diversity and inclusion (D&I) efforts by introducing a formalized approach that includes:

Employee Engagement

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Employee Engagement

We provide forums where our employees can share their thoughts, ideas and recommendations. This includes the formation of a global D&I Council composed of staff volunteers.

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Awareness and Development

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Awareness and Development

We have introduced education programs for teams across all levels. This has included mandatory global unconscious bias training for AXIS colleagues throughout our offices across the globe.

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Compensation Planning

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Compensation Planning

We conduct annual pay equity reviews

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Succession Planning

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Succession Planning

We introduced a business-aligned strategy for increasing the number of women and ethnic minorities in executive-level positions.

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Recruitment and Mobility

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Recruitment and Mobility

We prioritize having diverse interview slates, as well as identifying career mobility opportunities for existing staff where possible.

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Community Support and Advocacy

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Community Support and Advocacy

We are leveraging our industry position to help advocate on D&I issues. This includes supporting initiatives such as Dive In, the United Nations program Girl Up, and local efforts in the communities where we do business.

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Tools and Measurement

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Tools and Measurement

We have invested in human capital management (HCM) tools to establish, report and track benchmark metrics progress.

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Inclusive Culture

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Inclusive Culture

We have evaluated and updated policies and benefits that contribute to a more inclusive work environment that includes enhancing our parental leave and remote work policies.

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Supplier Diversity Policy

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Supplier Diversity Policy

We introduced a Supplier Diversity Policy designed to ensure a diverse supplier base by creating opportunities for diverse businesses to participate in our procurement process. We see this as one way to further foster a culture of diversity and inclusion in our organization, industry, and communities.

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We engage with organizations that drive awareness and action important to our communities and our industry.

Many of our employees are actively engaged in their communities, and more than half participate in the AXIS Global Day of Giving Rally, our employee initiative granting up to 16 hours of paid time off for volunteering each year. 

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In 2019, AXIS employees participated in more than 70 events across the world, helping at local food pantries, teaching children about issues such as insurance and cybersecurity, and supporting environmental programs.

 

As part of our investment in communities, AXIS also sponsors a Matching Gift Program and provides opportunities for employees to tie donations to their employee volunteer initiatives.

 

Learn more about AXIS

We advocate for issues that reflect our values and are important to our company, employees and communities. These include promoting equitable access to risk-protection advice, products and services, and looking for opportunities to leverage industry data and insights to encourage better risk management. We also will continue to identify issues linked to our corporate citizenship focus areas of environment, diversity and inclusion and community, and are committed to engaging with relevant stakeholders on each of these topics. Activities include:

  • Involvement in the industry’s annual DiveIn Festival focused on diversity and inclusion 
  • Memberships in organizations focused on climate risk and other issues, such as the Geneva Association and the Insurance Development Forum, a partnership among the United Nations, the World Bank and members of the insurance industry
  • Signatory of the Principles for Sustainable Insurance Initiative and United Nations Global Compact 
  • Sponsor and convener of events on issues important to us, such as the 2019 event focused on Climate Risk & Insurance at the University of Illinois
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The Corporate Governance and Nominating Committee of the AXIS board of directors provides oversight for these activities and policies. Day to day initiatives are managed by corporate policies and staff-driven committees.

Reporting 

At AXIS, we are committed to reporting out to stakeholders regularly on ESG issues. See below reporting aligned with:

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