Axis bolsters plans to phase out thermal coal amid industry-wide ESG action
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Axis bolsters plans to phase out thermal coal amid industry-wide ESG action

Samuel Casey
October 20, 2021
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Axis is the latest insurer to update its fossil fuel underwriting and investment stance, making commitments to phase out thermal coal globally in under 20 years and to invest $20mn in a climate finance partnership.

The company has committed to phase out thermal coal business completely from its insurance, facultative, reinsurance and investment portfolios in the Organisation for Economic Co-operation and Development and EU by 2030, and globally by 2040.

Its

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Samuel Casey
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