AXA Switzerland is aware of its responsibility as a shareholder and as a part of the AXA Group makes active use of its voting rights. As a shareholder, the AXA Group also has the possibility of engaging in a dialog with the managements of companies from all over the world.
Owing to the size of the AXA Group and our alliance with other investors, our opinion carries weight, and we can exert positive changes in ESG issues (e.g. climate protection and fair remuneration) with companies. This is what makes it crucial that major shareholders should take their responsibility seriously.
The AXA Group 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 – via our asset manager AXA Investment Managers – 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 behavior public.
We care about sustainable investment. This is why we do not invest in companies that do not meet our ESG criteria, such as companies in the coal, oil, and gas sectors or companies involved in tobacco manufacturing. We aim to support other companies that do not yet operate sustainably in their transition to greater sustainability.
This strategy of partnership – coupled with the exercising of our voting rights as a shareholder via AXA Investment Managers – 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, the AXA Group 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 and can drive positive change more quickly.