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Grade: High Exposure to Destructive Companies
AXA is a French multinational insurance corporation headquartered in Paris, France. It is one of the largest financial services groups in the world, with a significant global presence, including extensive operations in the UK.
Sub Brands
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HQ
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Market Value
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Investments Managed
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Turnover
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Insurance Products
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France
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$82 billion
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$684 billion
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$109 billion
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Health - Life - Business - Car - Home
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Insurance
$
550
million
Fossil Fuel Gross Direct Premiums Written (GDPW) represent the size of AXA’s business with fossil fuel clients in 2023.
CASE STUDY: Cameron LNG export terminal
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Insured by AXA
- Southwest Louisiana
- Owned by Sempra Energy
As discovered by Disclose – AXA insures liquid natural gas terminals in the USA. Cameron LNG, a major US export terminal in Louisiana, fuels the global trade in fracked shale gas—a process banned in the UK due to its extreme methane emissions (80x more potent than CO₂). Despite LNG being marketed as a “transition fuel,” the terminal’s accidental 2019-2022 emissions equalled 2,000 cars’ annual pollution, while its infrastructure accelerates coastal erosion, leaving Louisiana vulnerable to hurricanes like 2020’s Delta that flattened communities. Over 60% of US LNG shipments sail from Louisiana, with AXA-insured tankers delivering fracked gas to Europe—exposing the hypocrisy of insurers backing climate-wrecking projects while claiming green commitments.
My name is Lerlene Rodrigue. I live in Cameron, Louisiana and I’m here to stop LNG. It has totally destroyed our community. Born and raised there. Memories are all gone. All you see is a plant when you open the door. It’s not a place I want to be anymore.
Rainforest Action Network is driving a campaign to get insurers out of underwriting LNG terminals in the USA.
Insured by AXA
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Climate Crisis
Drax Group operates the UK’s largest biomass power station, touted as a renewable energy success story after its conversion from coal.
Despite claims of carbon neutrality, burning wood pellets from Drax’s operations is demonstrably worse than coal for carbon emissions, particularly when accounting for the vast ecological cost of harvesting and transport. Investigations consistently reveal Drax’s complicity in the destruction of vital primary and old-growth forests in places like British Columbia, directly undermining biodiversity and critical carbon sinks, contradicting its public image.
Beyond its devastating ecological footprint, Drax’s biomass production is a documented source of localised pollution, inflicting health detriments on vulnerable communities near its pellet mills.
Find out more about Drax on Axe Drax campaign website.
Investments
Cumulative investments in destructive companies across four areas.
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Fossil Fuels
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Migrant Abuse
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Gaza Genocide
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Controversial Weapons
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Feb 2025
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$609,837,185
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$19,752,640
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$184,138,585
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$300,229,440
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May 2025
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$568,349,733
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$22,516,819
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$116,968,820
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$254,476,662
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$11,100,000 invested by AXA
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Migrant Abuse
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Gaza Genocide
Serco has perfected the art of monetising state violence, enabling the surveillance and detention of racialised communities. Serco runs four “immigration removal centres”, including the infamous Yarl’s Wood, as well as, the UK’s GPS tagging program for migrants and asylum seekers, subjecting them to 24/7 surveillance.
Serco’s management of Yarl’s Wood Immigration Removal Centre since 2007 has been marked by persistent allegations of abuse. Multiple investigations have revealed a culture of sexual violence, with detainees reporting coercion by guards. “If you have to open your legs you will,” one survivor testified, “You think that is the only way you are able to speak to your family”. Electronic monitoring of asylum seekers has been found unlawful and causes severe psychological and physical harm.
Serco plays a sinister role in sustaining Israel’s genocidal regime by providing critical military support. The company boasts of its work in “modernising and sustaining core weapons systems,” including naval and aerial platforms used by allied forces—among them, Israel’s genocidal military. Serco Australia has a contract to maintain Rafael’s Typhoon and Mini-Typhoon remote weapon stations—the same systems used by Israeli forces to slaughter Palestinians.
$19,100,000 invested by AXA
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Gaza Genocide
The Italian arms giant Leonardo supplies the deadly naval gun systems mounted on Israel’s Sa’ar-class warships, the brutal enforcers of Gaza’s illegal naval blockade. These warships, including the heavily armed Sa’ar 6 corvettes, form the backbone of Israel’s naval oppression, cutting off food, fuel, and medical supplies to Gaza’s besieged population. In October 2023, Leonardo’s weaponry saw its first bloody deployment as Sa’ar 6 ships bombarded Gaza, directly enabling Israel’s indiscriminate assault on Palestinian civilians. By arming these warships, Leonardo isn’t just complicit in collective punishment—it’s a key enabler of what legal experts say constitutes war crimes. While posing as a “defence” contractor, the company profits from the machinery of occupation, turning Gaza’s coastline into a militarised kill zone where Palestinian fishermen are shot at and humanitarian aid is blocked.
$6,843,910 invested by AXA
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Nuclear Weapons
As a key subcontractor for Triad National Security, Huntington Ingalls Industries plays a shadowy yet pivotal role in America’s nuclear weapons complex, directly enabling the production of plutonium pits—the deadly cores of thermonuclear warheads. The company’s expertise in “pit production and plutonium manufacturing” makes it a critical enabler of the US government’s reckless nuclear expansion, including its controversial $1.7 trillion programme to modernise its arsenal. Huntington Ingalls fuels the machinery of global annihilation, helping to build weapons capable of ending civilisation in minutes; underscoring its profit-driven complicity in a system that perpetuates existential risk for generations.