The latest from AXIS Corporate Citizenship
AXIS is proud to be a Global Festival Partner at this year’s Dive In Festival – here’s why.
Climate & hurricane risk – a report with AIR Worldwide and Brookings experts
AXIS donates $1 million to COVID-19 response and recovery
AXIS included in the 2021 Bloomberg Gender- Equality Index
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:
Awareness and Development
Recruitment and Mobility
Community Support and Advocacy
Tools and Measurement
Supplier Diversity Policy
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.
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
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.
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
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.
At AXIS, we are committed to reporting out to stakeholders regularly on ESG issues. See below reporting aligned with:
- Sustainability Accounting Standards Board (SASB) standards for the insurance industry
- Principles for Sustainable Insurance
- United Nations Global Compact Communication on Progress
- UK Gender Gap Report