UN Office for Disaster Risk Reduction Head Margareta Wahlström and AXA CEO Henri de Castries signed UNISDR Private Sector Commitment for Disaster Risk Reduction

  • A partnership which commits the private sector to Disaster Risk Reduction (DRR)
  • 52 signatories from various sectors

Paris, France, 17-12-2013 — /EuropaWire/ — In the presence of Ms. Margareta Wahlström, United Nations Secretary General’s Special Representative for

Disaster Risk Reduction and Head of the UN Office for Disaster Risk Reduction (UNISDR¹), Henri de Castries, Chairman and CEO of AXA, signed the Statement of Commitment by the Private Sector for Disaster Prevention, Resilience and Risk Reduction² on Thursday 5th December in Paris.

By signing this statement, AXA acknowledges the threat posed by disasters, the importance of building resilience and recognizes its role and responsibility in encouraging, supporting and acting to reduce disaster risks.

The 52 signatories to the UNISDR Private Sector Commitment agree to:

  • Promote and develop public-private partnerships for disaster risk reduction,
  • Leverage sectorial expertise and strengths,
  • Foster a collaborative exchange and dissemination of data,
  • Support national and local risk assessments and socio-economic cost-benefit analyses and capacity building,
  • Support the development and strengthening of national and local laws, regulations, policies and programs.

Concretely, AXA also pledges to:

  • Be part of UNISDR’s Disaster Risk Reduction Private Sector Partnership to help find new solutions to achieve a substantive reduction in disaster losses,
  • Play an active role in the development of a new global agreement on disaster risk reduction which will succeed the Hyogo Framework for Action adopted by all UN Member States in 2005,
  • Leverage the AXA Research Fund in support of disaster risk reduction,
  • Make available its risk management expertise, notably AXA Corporate Solutions, AXA Matrix Risk Consultants and Property & Casualty experts,
  • Share the lessons learned by its local entities after dealing with the impacts of disasters which their countries have faced recently.

“As an insurer we know what can be the impact of the frequency and intensity of extreme events on our societies. Through this commitment, we reaffirm our support to disaster risk reduction through research via the AXA Research Fund, education and prevention. We will also continue to share our expertise in crisis management and business continuity, and the lessons learned from our partnership with the international NGO CARE on helping vulnerable populations to cope with climate risks”, said Henri de Castries, Chairman and CEO of AXA.

“This partnership underlines the relevance of the insurance industry to tackling disaster risk and how it can leverage its particular strengths to help in the implementation of global agreements on disaster risk reduction such
as the Hyogo Framework for Action and its successor”, added Cyrille de Montgolfier, Director of European and Public Affairs at AXA and a member of the Private Sector Advisory Group (PSAG) of the UNISDR.

“I think that the signature of the Private Sector Commitment by the AXA Group is a meaningful step towards our overall objective of engaging the private sector as a leading actor and partner in the global effort to reduce disaster risk. The company has a proven track record of support for research into climate change and environmental risks. It was also instrumental in the development of the UN Principles for Sustainable Insurance and among the first to adopt them last year at the Rio Earth summit. AXA and the insurance industry will be expected to play an important role in building resilience to disasters in a world impacted by increasing climate risks and extreme weather events. Based on the ideas discussed in our meeting, I am very pleased about the opportunities that we can imagine for long-term collaboration and innovation to make progress in reducing economic losses in particular”, said Margareta Wahlström, Special Representative of the Secretary-General for DRR at the UNISDR.

The AXA Group is a worldwide leader in insurance and asset management, with 160,000 employees serving 102 million clients in 57 countries. In 2012, IFRS
revenues amounted to Euro 90.1 billion and IFRS underlying earnings to Euro 4.3 billion. AXA had Euro 1,116 billion in assets under management as of
December 31, 2012.

The AXA ordinary share is listed on compartment A of Euronext Paris under the ticker symbol CS (ISN FR 0000120628 – Bloomberg: CS FP – Reuters:
AXAF.PA). AXA’s American Depository Share is also quoted on the OTC QX platform under the ticker symbol AXAHY.

The AXA Group is included in the main international SRI indexes, such as Dow Jones Sustainability Index (DJSI) and FTSE4GOOD.

It is a founding member of the UN Environment Programme’s Finance Initiative (UNEP FI) Principles for Sustainable Insurance and a signatory of the UN
Principles for Responsible Investment.


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Certain statements contained herein are forward-looking statements including, but not limited to, statements that are predictions of or indicate future events, trends, plans or objectives. Undue reliance should not be placed on such statements because, by their nature, they are subject to known and unknown risks and uncertainties. Please refer to the section “Cautionary statements” in page 2 of AXA’s Document de Référence for the year ended December 31, 2012, for a description of certain important factors, risks and uncertainties that may affect AXA’s business. AXA undertakes no obligation to publicly update or revise any of these forward-looking statements, whether to reflect new information, future events or circumstances or otherwise.

¹UNISDR was created as part of the UN Secretariat (in 1999), with the purpose of ensuring the implementation of the International Strategy for Disaster Reduction.
²Full statement: http://www.unisdr.org/files/19873_statementofcommitmentbytheprivatese.pdf

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