AXA axes coal: New policy sets 2030 phase-out

November 27, 2019

PARIS, 27 November 2019 - French global insurer AXA is putting European coal companies on notice that they should publish coal phase-out plans compatible with the UN Paris climate agreement by 2021, announcing today that it will totally phase out its insurance and investment exposure to coal by 2030 in the EU and OECD countries, and by 2040 everywhere else.