AXA Climate

La #COP29 s’est achevée et semble déjà loin. Pourtant, derrière les critiques et frustrations, se cachent des décisions (ou leur absence) qui redéfiniront le cadre dans lequel les entreprises et organisations publiques devront évoluer. Il est donc essentiel d’y revenir avec recul. C’est pourquoi, avec Novethic et la Climate School, nous vous proposons un temps d'échange pour décrypter les impacts de cette COP. Au programme : - Les raisons de la frustration autour de la COP et les véritables enseignements à en tirer. - Les implications concrètes pour les entreprises : quels ajustements prévoir, quelles opportunités saisir ? - Des pistes stratégiques pour intégrer ces dynamiques et passer de spectateur à acteur. Ce webinaire sera avant tout un espace d’échange : après une analyse approfondie, vous pourrez poser vos questions et partager vos perspectives. Inscrivez-vous dès maintenant ! 📅 Date : Jeudi 5 décembre 2024 ⏰ Heure : de 12h à 13h 💻 Inscription : https://lnkd.in/e9sqnyHj

🧭 SFDR : 3 ans plus tard, toujours en quête d'une boussole ? Le règlement SFDR a marqué un tournant en harmonisant la communication sur la durabilité des investissements mais il reste toujours trop complexe et peu structurant (3 ans après son entrée en vigueur). SFDR présente 4 faiblesses principales : 1️⃣ Calendrier décalé : SFDR repose sur des règles publiées après son lancement, créant de la confusion. 2️⃣ Interprétations divergentes : l'absence de clarté dans les directives induit des marges d’interprétations larges, qui conduisent à des pratiques hétérogènes. 3️⃣ Manque de cohérence : au sein d’une même classifications de produits, on trouve des fonds pratiques variées et parfois peu cohérentes, en raison du manque de normes précises. 4️⃣ Détournement de l’objectif : SFDR est souvent réduit à un simple label, perdant de vue son but initial d’amélioration de la transparence. Aujourd’hui encore, ni la Commission Européenne, ni les régulateurs ne s’accordent sur les évolutions à venir. ⛵️ Si vous naviguez dans l’incertitude, adoptez une stratégie basée sur 3 piliers : crédibilité, transparence et agilité. 🛟 Découvrez comment avancer dans cette incertitude réglementaire, grâce à notre guide téléchargeable ici : https://lnkd.in/eGiQDfNv

🌎 Curious about what has caught our attention in November? 📊 #Climatechange: COP29 reached an agreement for $300 billion annual climate finance by 2035, but developing nations criticized it as insufficient and unclear, exposing global divides ahead of COP30. 🪨 #Coal: The UK has banned new coal mines and closed this year its last coal-fired power plant in Ratcliffe on Soar in the East Midlands. 🌎 #Climate: Scientists are studying Iceland's black volcanic deserts to understand the impact of high-latitude dust on climate and weather patterns. As the dust has a unique fingerprint, it's aiming to improve climate models and predictions for global warming. 🌿 #Forest: Forests with diverse tree species, especially tropical ones, play a crucial role in combating climate change by balancing fast and slow carbon sequestration. 🧊#Antartic: The autonomous vehicle Marlin revealed warming waters under Antarctica's Ross Ice Shelf, accelerating ice loss linked to climate change and contributing to global sea level rise. While the temperature increases by four thousandths of a degree a year, it could lead to around 20 to 80 cm of additional ice loss per year over the 45 years, according to scientists. Read about it in our latest newsletter!

Why decoding compound weather events is critical? As extreme weather events like heatwaves, droughts, and storms become more frequent, they are also increasingly overlapping—triggering what scientists call #compound events. First introduced by the IPCC in 2012, these phenomena amplify risks, creating impacts far beyond what individual events could cause. Understanding compound events it’s an urgent challenge. How do simultaneous hazards, like drought and heatwaves, devastate crops? How do back-to-back events, like a heatwave followed by a drought, escalate wildfire risks? And how do distant drivers, like El Niño, reshape global storm patterns? These are the questions our team of scientists, in collaboration with the Society of Actuaries (SOA) Research Institute, set out to answer—and here is what they found: 1️⃣ Successive heatwaves and droughts increase wildfire risks in California by up to 75% during wildfire season. 2️⃣ Simultaneous drought and heat events reduce wheat yields by 70% compared to normal conditions. 3️⃣ Climate drivers like El Niño alter tropical cyclone activity, intensifying storms in some regions while weakening them in others. 🌡️ With climate models projecting a 9% rise in compound event risks by mid-century under high-emission scenarios in some regions of the world, the stakes couldn’t be higher. Better science can help us anticipate, adapt to, and mitigate climate change. 🔬 Dive into the full article to explore their scientific work here: https://lnkd.in/grPFQpJU

📅 As of today, ESMA’s #guidelines on fund names apply for new funds. If you're launching a new fund, here's what you should know. The European Securities and Markets Authority (ESMA) is introducing new guidelines to ensure greater transparency and reliability in the use of sustainability-related terms in fund names. Coming into effect for new funds today, November 21, these rules establish stricter criteria to use a sustainability-related term in the product's name. If you use terms like “transition”, “environmental” or “sustainability”, the following guidelines apply: 1️⃣ 80% of investments must meet the environmental or social characteristic or have sustainable investment objectives, 2️⃣ The fund must comply with sector-based exclusion criteria 3️⃣ Additional requirements may apply depending on the term used such as impact, transition or sustainability 🗓 For new funds: guidelines enter into force today. 🗓 For existing funds: another six-month transition period is provided to ensure compliance with these new guidelines. ✅ These rules aim to provide greater transparency on the market, reduce #greenwashing risks and provide a clearer message about the sustainability goals that are pursued. Discover our advice below and contact Lucie Delzant to know more!

The PIISA Project is paving the way for innovative insurance solutions that drive #adaptation across Europe—and we’re proud to be part of it! This 🇪🇺 EU-financed, 3-year initiative brings together researchers, insurers, and experts to develop cutting-edge insurance models and help close the insurance gap while building resilience. Last week, AXA Climate hosted its General Assembly, bringing together 12 partners to collaborate on this ambitious initiative. Together, we’re focusing on two pilots centered on forests 🌳: 🔹 Germany: Creating forest insurance for wind risk, with valuable support from AXA Germany. 🔹 Portugal: Designing wildfire insurance with integrated prevention measures, in close collaboration with AGIF. 🌟 A big thank you to the team for their hard work and dedication: Ariane Kaploun, Rhea Kochar, Quentin Voituron 🌳, Dain Jung, Luiz Galizia, Christelle Castet, Karina Whalley, Moritz Mehler and to all our partners the Finnish Meteorological Institute, Tyrsky Consulting, Barcelona Supercomputing Center, Climate Adaptation Services (CAS), IVM Institute for Environmental Studies, CMCC Foundation - Centro Euro Mediterraneo sui Cambiamenti Climatici, AMIGO S.r.l., 2° Investing Initiative, Politecnico di Milano, LGI Sustainable Innovation, LähiTapiola. 💡 These pilots are just the beginning—we’re excited to see how they’ll shape a more resilient Europe.

As the era of climate action shifts from commitment to implementation, businesses face mounting pressure to address climate #adaptation and mitigation. The climate commitments made in the 2016 Paris Agreement aimed to limit global warming to below 2°C. Yet, recent projections place warming between 2.2°C and 3.4°C by 2100. While many companies focus on reducing CO₂ emissions, adaptation (the ability to respond and adjust to climate impacts) remains less explored. For companies, adapting means preparing for #climaterisks and building #resilience while sustaining efforts toward #carbon reduction. AXA Climate’s latest guide, “Managing the inevitable: How can we meet the challenge of Climate Adaptation?” provides a structured roadmap to help businesses navigate this critical task. Drawing on insights from numerous interactions with partners, customers, scientists, and experts, through this guide, we sought to lay the foundations for a thought process aimed at answering the following question: how can we set the wheels of adaptation in motion within companies? Download the adaptation guide here: https://lnkd.in/eK5ZXVS9

📊 Only 8% of plastic waste is recycled each year Last week at AXA Climate, Eva Moreau, co-creator of La Fresque du Plastique, shared insight with us about the #GlobalPlasticTreaty: an initiative run by the #UnitedNations to address the environmental effects of plastic pollution. 💡What are the goals of the Global Plastic Treaty ? The Global Plastic Treaty is an international agreement in progress, designed to combat plastic pollution worldwide. Participants in the Global Plastic Treaty include 175 UN member states, as well as NGOs, industry stakeholders, and scientific experts.   As plastic pollution knows no borders, Eva Moreau shared some topics of the treaty: - Production of plastic: regulations on primary plastic polymers - Chemicals and plastics of concern: elimination and bans of chemicals, polymers of concern and avoidable plastic products - Avoidable plastic products: encouraging alternatives to plastic products - Circular economy: promoting reduce, reuse, refill, repair and recycling - Environmental impact: addressing the effects of plastic pollution on ecosystems - Health impacts: studying the effects of plastic pollution on human health - International cooperation: ensuring global compliance and cooperation and financing system   🗓 A Global Push for Companies to Tackle Plastic Pollution The Intergovernmental Negotiating Committee (INC) was formed to draft the treaty. Started in 2022, the final session scheduled at the end of November (in Busan, Korea) aims to conclude the treaty negotiations. Ultimately, the treaty aims to drive a global transformation, encouraging companies to lead the way in drastically reducing plastic pollution and championing practices that support environmental sustainability and protect human health on a global scale.

Alors que le Plan d’Adaptation nous projette dans une France à +4°C d’ici la fin du siècle, l’adaptation se révèle un levier stratégique essentiel pour les entreprises. Dans sa tribune publiée dans Les Echos, Antoine Denoix, met en lumière les opportunités de l’adaptation au changement climatique pour les entreprises. 4 points à retenir : - L’adaptation touche le coeur d’activité de nos entreprises et engage leur #pérennité. Le réchauffement climatique affecte directement les chaînes logistiques et la productivité. Les dirigeants doivent impérativement prioriser les risques climatiques, tant à court qu’à long terme. - L’adaptation nécessite un ré-ancagre des plus grandes entreprises dans les #territoires. Les effets climatiques sont souvent ressentis à l’échelle locale, bien que les risques soient globaux. Une approche décentralisée permet aux équipes sur le terrain de réagir rapidement et de manière autonome. - L’adaptation climatique repose sur la #coopération entre acteurs publics et privés. Des initiatives collaboratives, telles que la réutilisation de la chaleur industrielle pour le chauffage résidentiel, illustrent le potentiel d’une adaptation partagée. - Attention au risque de #maladaptation. Pour éviter que les solutions adoptées ne contribuent involontairement à augmenter la vulnérabilité, une vision systémique est essentielle. Les entreprises doivent savoir évaluer l'interconnexion des risques. Les efforts de réduction des émissions de GES restent primordiaux, car le succès de l'adaptation dépend de l'efficacité de l'#atténuation. Loin d'être un frein, l'adaptation pourrait devenir un levier de transformation positive, favorisant l'ancrage local et la coopération. Pour lire la tribune dans son intégralité: https://lnkd.in/eTHWxEw2

Taking nature into account is a strategic necessity for the agri-food sector. According to the World Economic Forum, almost half of the world's GDP is moderately to highly dependent on biodiversity. Yet ecosystem decline is accelerating — impacting crop yields, water resources, and the resilience of the whole agri supply chain. For agri-food companies, understanding and managing interactions with nature is critical. The #TNFD provides a framework to help them understand, assess and disclose their dependencies and impacts on nature. But understanding all the TNFD documentation, and implementing it remains a big challenge. That's why AXA Climate and BL évolution have decided to develop a practical guide, to help you understand: 1️⃣ the objectives of TNFD 2️⃣ its methodology and tools, 3️⃣ each step through various case studies, 4️⃣ best practices You can find it here: https://lnkd.in/e7Upk_A7