AXA launches climate risk evaluation solution

This allows AXA’s clients to meet the regulatory requirements amidst climate change.

AXA Hong Kong and Macau (AXA) have partnered with global consultancy firm Capco to provide an all-encompassing climate risk management and reporting solution for financial institutions and organisations. 

This strategic collaboration addresses the growing demand for mandatory ESG reporting regulations and assists corporations and firms in meeting their climate disclosure responsibilities.

The strategic partnership with Capco combines Capco's track record in boosting clients' data-driven climate capabilities with AXA's coverage and capabilities in assessing physical climate risks. 

"It is key that institutions have the best tools at their disposal to navigate the more onerous compliance landscape we now see emerging with confidence and assurance. We greatly value this opportunity to partner with AXA and look forward to working with them on this important initiative," Capco APAC managing partner James Arnett said.

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This collaboration helps clients to meet evolving regulatory demands, develop enterprise-wide climate expertise, and overcome challenges arising from the fragmented climate data landscape.

“We are committed to supporting the fight against climate change, and are excited to be the first insurer to provide this comprehensive proprietary climate risk management and reporting solution to companies in Hong Kong, in partnership with Capco, to live out our commitment to become a true partner to our customers." said AXA Greater China Chief Executive Officer Sally Wan.