Finance
Axa Will Stop Investing in Firms Linked to Deforestation, Biodiversity Loss
The Paris-based company says it will engage more with companies to push them to be more sustainable
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AXA SA’s investment management arm will stop investing in companies that contribute to deforestation or the loss of biodiversity.
The new policy, which comes into effect on Wednesday, targets firms involved in cattle, soy, and timber extraction industries, AXA Investment Management said in the statement. It’s an extension of an existing ban on investing in palm oil producers that haven’t been certified sustainable.