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France’s largest insurer, Axa, has axed holdings in coal companies because of concerns about climate change. As quoted in the market news, Axa SA Chief Executive Officer Henri de Castries said he’s working to sell 500 million euros ($702 million) of coal assets and triple “green investments” to 3 billion euros by 2020. He joined investors […]
France’s largest insurer, Axa, has axed holdings in coal companies because of concerns about climate change.
As quoted in the market news,
Axa SA Chief Executive Officer Henri de Castries said he’s working to sell 500 million euros ($702 million) of coal assets and triple “green investments” to 3 billion euros by 2020. He joined investors in Paris saying companies must act to contain global warming.
Axa SA Chief Executive Officer Henri de Castries stated:
Insurers are the mirror of what happens in the economy and in the society. We try to increase what we do on the prevention side.
Click here for the full Sydney Morning Herald report