French insurance firm AXA finished 2021 with strong profits, and it announced a share buyback program of up to half a billion dollars. Sustainability was a key focus for AXA in 2021, with the firm raising its climate investment goal to $26.6 billion by 2023. In July 2021, AXA helped establish the new Net-Zero Insurance Alliance, a UN-organized group of insurance firms committed to transitioning to net-zero greenhouse gas emissions by 2050; AXA currently chairs that alliance. In June 2022, AXA announced it was building a digital commercial insurance platform slated to include AXA Climate, which provides sustainability services to clients, and AXA Smart Services, which offers risk insight information for commercial users.
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