Responsible Business Report 2023

Environmental Sustainability & Biodiversity


Wider environmental initiatives

Sustainability champions In late 2023 we will be establishing a global Sustainability Champions network, to enable our people across the firm with knowledge or enthusiasm around sustainability to support our work and undertake locally and regionally appropriate projects. Waste & recycling As part of our internal engagement programmes, we are working to develop bespoke waste minimisation and recycling projects in each office. We are developing a Sustainable Consumption Policy to directly address the sourcing and use of consumable products across the organisation. Throughout 2024 we will be putting in place methodologies to capture waste metrics more effectively, allowing us to set quantitative waste reduction and recycling targets. Biodiversity & nature loss We are a member TNFD Forum a consultative grouping of institutional supporters who share the vision and mission of the Taskforce for Nature- related Financial Disclosures (TNFD) and make themselves available to contribute to the work and mission of the Taskforce. The recommendations of the TNFD launched on 18 September 2023.

We intend to incorporate TNFD disclosures alongside our Taskforce for Climate-related Financial Disclosures (TCFD) in our next reporting cycle. We have undertaken several biodiversity projects, including the installation of beehives on the roof of our London office, holding a series of clean-up activities across the UK and Europe, and the establishment of a forestry project in Northumberland in north-east England. We continue to develop our understanding of the impact of our business on biodiversity and nature. Climate awareness training In 2023 we ran a global climate awareness campaign for all our people which commenced on Earth Day, 22 April though to World Environment Day, 5 June. The campaign consisted of AXA Climate Brief videos explaining climate-related terminology and weekly blogs and digests on key challenges such as single use plastics, and how we could all change our behaviours so as to reduce negative impacts and make a difference. We are now developing structured and bespoke training for our people across all practice groups and business services, to equip all our people with the knowledge and skills they need to support our internal sustainability journey as well as those of our clients.

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