AXA is aware of its responsibility as a shareholder and makes active use of its voting rights. As a shareholder, we also have the opportunity to engage in dialog with the management teams of companies from all over the world.
Our size and our alliance with other investors mean that our opinion carries weight. We firmly believe: positive changes in ESG issues (e.g. climate change and responsible corporate governance) can only be brought about if as many companies as possible commit to sustainability. This is what makes it crucial that major shareholders should take their responsibility as shareholders seriously.
AXA takes its responsibilities seriously. Owning shares gives us voting rights as a shareholder and enables us to influence the strategic orientation of issuers. To this end, we make use of our voting rights at the general and shareholder meetings of the companies we invest in. Transparency for our customers and for our own shareholders is very important to us. That's why we make our voting record public.
We care about sustainable investment. However, we don't want to simply exclude companies from our investments because they don't yet operate sustainably. On the contrary, our goal is to assist companies in their process of transformation toward greater sustainability. That's why we engage in dialog with more than 200 multinational companies.
This strategy of partnership – coupled with the exercising of our voting rights as a shareholder – enables us to play an active part in shaping corporate strategies and business models. In this way, we ensure the case for sustainability is heard more widely. In particular we discuss environmental issues such as the efficient use of natural resources, protection of biodiversity, and mitigation of climate change as well as social issues such as corporate governance and employee development. These direct exchanges of views with individual companies also enable us to better assess corporate risks and identify potential.
Here, too, AXA is committed to partnerships: Along with other major investors, for example, we are in talks with the world's largest CO2 emitters as part of the Climate Action 100+ investor initiative. Together, we are in a strong negotiating position in relation to the companies we invest in. This enables us to drive positive change more quickly in the areas of the environment, society, and the economy – in the interests of a sustainable future.