To help realize our purpose, we are growing our corporate citizenship program in the areas where we believe we can make the greatest impact.

Climate-related risks are among the most serious issues facing the world today. We recognize that it is our duty to contribute to building and strengthening organizational and societal resilience, while delivering value to our shareholders and other stakeholders. We are identifying ways to significantly scale up our environmental and climate-risk strategy and initiatives, and we are intensifying our review of environmental risks and opportunities posed by our underwriting and investment portfolios.

 

Recent examples include:

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We announced a policy addressing thermal coal and oil sands-related underwriting and investments, which we see as one way to address climate risk and encourage a transition to a low-carbon economy.

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Anticipating the increased adoption of alternative energies as part of this transition, we are continuing to invest in our Renewable Energy business, where AXIS is already a top global player.

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Equally focused on minimizing our operational impact, we are proud that several of our buildings are LEED-Certified by the U.S. Green Building Council and that our London office is rated BREEAM Excellent.

We are building an organization grounded in the strength and diversity of our employees. We value and actively embrace different perspectives and experiences, and we are focused on creating a culture of inclusion. We are scaling up our diversity and inclusion (D&I) efforts by introducing a formalized approach that includes:

Employee Engagement

Employee Engagement

We provide forums where our employees can share their thoughts, ideas and recommendations. This includes the formation of a global D&I Council composed of staff volunteers.

Awareness and Development

Awareness and Development

We have introduced education programs for teams across all levels. This has included mandatory global unconscious bias training for AXIS colleagues throughout our offices across the globe.

Compensation Planning

Compensation Planning

We conduct annual pay equity reviews

Succession Planning

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Succession Planning

We introduced a business-aligned strategy for increasing the number of women and ethnic minorities in executive-level positions.

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Recruitment and Mobility

Recruitment and Mobility

We prioritize having diverse interview slates, as well as identifying career mobility opportunities for existing staff where possible.

Community Support and Advocacy

Community Support and Advocacy

We are leveraging our industry position to help advocate on D&I issues. This includes supporting initiatives such as Dive In, the United Nations program Girl Up, and local efforts in the communities where we do business.

Tools and Measurement

Tools and Measurement

We have invested in human capital management (HCM) tools to establish, report and track benchmark metrics progress.

Inclusive Culture

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Inclusive Culture

We have evaluated and updated policies and benefits that contribute to a more inclusive work environment that includes enhancing our parental leave and remote work policies.

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We engage with organizations that drive awareness and action important to our communities and our industry.

Many of our employees are actively engaged in their communities, and more than half participate in the AXIS Global Day of Giving Rally, our employee initiative granting up to 16 hours each year of paid time off for volunteering each year. 

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In 2019, AXIS employees participated in more than 70 events across the world, helping at local food pantries, teaching children about issues such as insurance and cybersecurity, and supporting environmental programs.

 

As part of our investment in communities, AXIS also sponsors a Matching Gift Program and provides opportunities for employees to tie donations to their employee volunteer initiatives.

 

Learn more about AXIS

We advocate for issues that reflect our values and are important to our company, employees and communities. These include promoting equitable access to risk-protection advice, products and services, and looking for opportunities to leverage industry data and insights to encourage better risk management. We also will continue to identify issues linked to our corporate citizenship focus areas of environment, diversity and inclusion and community. Activities include:

  • Involvement in the industry’s annual DiveIn Festival focused on diversity and inclusion 
  • Memberships in organizations focused on climate risk and other issues, such as the Geneva Association and the Insurance Development Forum, a partnership among the United Nations, the World Bank and members of the insurance industry
  • Signatory of the Principles for Sustainable Insurance Initiative and United Nations Global Compact 
  • Sponsor and convener of events on issues important to us, such as the 2019 event focused on Climate Risk & Insurance at the University of Illinois
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The Corporate Governance and Nominating Committee of the AXIS board of directors provides oversight for these activities and policies. Day to day initiatives are managed by corporate policies and staff-driven committees.

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