Axa drops RWE over green concerns: report

15 March 2021

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Axa has terminated its relationship with German energy giant RWE over concerns its client was not moving quickly enough to reduce its carbon footprint, according to a report.

Bloomberg reported on Friday that, despite an appeal from RWE CEO Rolf Martin Schmitz, Axa remained convinced the energy company’s coal operations were too large.

RWE

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Axa drops RWE over green concerns: report

Axa has terminated its relationship with German energy giant RWE over concerns its client was not moving quickly enough to reduce its carbon footprint, according to a report.

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Axa drops RWE over green concerns: report

Axa has terminated its relationship with German energy giant RWE over concerns its client was not moving quickly enough to reduce its carbon footprint, according to a report.

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Fuel a smarter strategy with our actionable market intelligence

Topics

GIE Gareat’s terrorism bond prices near top end of guidance at 5.25%

American Coastal targets $100mn of Florida named storm coverage

Twia to target 43% more limit at $5.8bn on exposure growth and Beryl losses

Allstate pegs October cat losses at $226mn post-tax

Plenum’s Dynamic Cat Bond Fund reaches $200mn in AuM