Axa

Diversified Financials, Insurance

Risk Level:

Rating - Clear
Lower Risk

Summary:

Axa SA is an insurance corporation headquartered in Paris. Axa operates in several different countries, though it recently spun out most of its American operations into the now-independent company Equitable Holdings. Though Axa has not publicly terminated business relationships due to political or religious differences, the company does not provide protections against political viewpoint discrimination. However, Axa integrates ESG principles into its business operations and advocates for climate-related policy. For these reasons, Axa receives a Lower Risk rating.

Criteria
Risk Level
Rationale
Corporate Weaponization
Criteria

Has denied service to customers, suppliers, or vendors due to their political views or religious beliefs OR corporately boycotts, divests, or sanctions regions, people groups, or industries.

Risk Level
Rationale

Axa has not publicly terminated business relationships due to ideological differences.

Criteria

Charitable giving (including employee matching programs) policies or practices discriminate against charitable organizations based on views or religious beliefs.

Risk Level
Rationale

Axa will provide grants to religious organizations that engage in community work under a separate 501(c)(3) status (1).

Criteria

Employment policies fail to protect against discrimination based on political affiliation/views and/or religion.

Risk Level
Rationale

Axa does not prohibit discrimination based on political affiliation (1).

Criteria

Has denied service to customers, suppliers, or vendors due to their political views or religious beliefs OR corporately boycotts, divests, or sanctions regions, people groups, or industries.

Risk Level
Rationale

Prior to being spun out from the Axa network in 2018, the Equitable Life Insurance Company PAC donated in a bipartisan manner (1). In addition, Axa’s subsequent lobbying has been focused on issues related to the insurance business (2).

Corporate Governance and Public Policy
Criteria

Uses corporate reputation to support ideological causes and/or organizations hostile to freedom of expression.

Risk Level
Rationale

Axa integrates ESG principles into its business operations and is a member of the United Nations Principles for Responsible Investment. (1)(2). As such, the company has not inappropriately endorsed ideological policies. Axa is a member of the Net Zero Insurance Alliance (3).

Criteria

Uses corporate funds to advance ideological causes, organizations, or policies hostile to freedom of expression.

Risk Level
Rationale

Axa has not corporately funded ideological organizations hostile to freedom of expression.

All links were last accessed and all information was updated on:
February 23, 2023

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