Latest fraudulent alert - last updated on Apr 2023. To find out more information and how to protect yourself, please click here.

Investment Institute

Engagement theme: Biodiversity collapse

  • 16 May 2022 (3 min read)

At AXA IM, we are committed to biodiversity protection. Throughout 2021, this commitment has been continually reaffirmed through a series of actions: Reinforcement of our biodiversity strategy and enhancement of our Deforestation and Ecosystems Protection Policy;1 further integration of biodiversity issues based on continuous engagement activities; and the consideration of new biodiversity dedicated data developed by our partner Iceberg Data Lab.

  • QVhBIElNIEVjb3N5c3RlbSBQcm90ZWN0aW9uICZhbXA7IERlZm9yZXN0YXRpb24gcG9saWN5

Natural capital – our oceans, forests, climate and more – is at the origin of all the benefits people and economies obtain from ecosystems. Simply put, it makes human life possible.2 The health of human populations is part of these benefits as well as the global prosperity of world economies. By disturbing both the structure and functions of ecosystems, we not only increase risks of new infectious diseases appearing, but we may also be losing access to discoveries from nature that may contribute to our collective health.3 We have seen evidence of links between biodiversity and COVID-19 and hope to learn from this experience.4

Our engagement goals and activity

In 2021, our engagement initiatives were underpinned by a new, tighter policy on ecosystem protection and deforestation, developing a campaign first started in 2020. In the fourth quarter of 2021, a specific engagement programme was launched with a selection of companies with activities around the raw materials associated with deforestation (soy, palm oil, cattle and timber), identified under the criteria of the new Deforestation and Ecosystems Protection Policy published in June 2021.

A special approach and an engagement questionnaire have been developed to facilitate dialogue with the identified companies and are informed by our knowledge sharing with CDP and WWF. The objective of this engagement is to accompany companies identified as exposed to deforestation risks in setting up a clear deforestation-free goal supported by concrete actions. Our ambition is to control the potential risks of deforestation and ecosystems conversion associated with their activities and to support a ‘forest- and nature-positive’ transformation of these companies.

  • U291cmNlOiBFY29zeXN0ZW1zIGFuZCBIdW1hbiBXZWxsLWJlaW5nOiBTeW50aGVzaXMuIE1pbGxlbm5pdW0gRWNvc3lzdGVtIEFzc2Vzc21lbnQsIFdvcmxkIFJlc291cmNlcyBJbnN0aXR1dGUuIDIwMDU=
  • U291cmNlOiBXb3JsZCBIZWFsdGggT3JnYW5pemF0aW9uIDogaHR0cHM6Ly93d3cud2hvLmludC9uZXdzLXJvb20vZmFjdC1zaGVldHMvZGV0YWlsL2Jpb2RpdmVyc2l0eS1hbmQtaGVhbHRo
  • U291cmNlOiBodHRwczovL2lwYmVzLm5ldC9zaXRlcy9kZWZhdWx0L2ZpbGVzLzIwMjAtMTIvSVBCRVMgV29ya3Nob3Agb24gQmlvZGl2ZXJzaXR5IGFuZCBQYW5kZW1pY3MgUmVwb3J0XzAucGRm
Select objectives in our biodiversity engagement programme (anonymised examples)

Based on first results, meetings with the target companies will be organised during 2022 to deepen discussions on key deforestation and biodiversity issues. Our ambition is to control the potential risks of deforestation and ecosystems conversion associated with their activities and to support forest- and nature-positive transformation of these companies throughout 2022- 2023.

Also, in 2021, the focus of engagement has been enlarged beyond deforestation with initial discussions conducted with companies exposed to biodiversity protection challenges in different industries. Our goal is to amplify this area of shareholder engagement in 2022.

In 2021, we signed the Finance for Biodiversity (FfB) Pledge, along with other financial institutions. One of its objectives is to engage with companies to reduce their negative (and increase their positive) impacts on biodiversity.

Outcomes and next steps

We believe we saw a positive response to these engagements globally. Companies were open to discussion and willing to progress on identifying and managing relevant biodiversity risks and opportunities, despite the complexity of the biodiversity challenge.

2021 Active Ownership and Stewardship Report
Download report (4.03 MB)

Related Articles


How regulatory momentum is helping drive biodiversity-aware investment

  • by Liudmila Strakodonskaya
  • 09 May 2023 (5 min read)

Feeding the world and protecting the planet: A biodiversity and climate challenge for investors

  • by Liudmila Strakodonskaya , Olivier Eugène
  • 02 May 2023 (5 min read)

Busting myths for investors tackling biodiversity and deforestation

  • by Liudmila Strakodonskaya , Geoffroy Dufay
  • 25 April 2023 (7 min read)


    This website is published by AXA Investment Managers Asia Limited (“AXA IM HK”), an entity licensed by the Securities and Futures Commission of Hong Kong (“SFC”), for general circulation and informational purposes only. It does not constitute investment research or financial analysis relating to transactions in financial instruments, nor does it constitute on the part of AXA Investment Managers or its affiliated companies an offer to buy, sell or enter into any transactions in respect of any investments, products or services, and should not be considered as solicitation or investment, legal, tax or any other advice, a recommendation for an investment strategy or a personalised recommendation to buy or sell securities under any applicable law or regulation. It has been prepared without taking into account the specific personal circumstances, investment objectives, financial situation, investment knowledge or particular needs of any particular person and may be subject to change at any time without notice. Offering may be made only on the basis of the information disclosed in the relevant offering documents. Please consult independent financial or other professional advisers if you are unsure about any information contained herein.

    Due to its simplification, this publication is partial and opinions, estimates and forecasts herein are subjective and subject to change without notice. There is no guarantee such opinions, estimates and forecasts made will come to pass. Actual results of operations and achievements may differ materially. Data, figures, declarations, analysis, predictions and other information in this publication is provided based on our state of knowledge at the time of creation of this publication. Information herein may be obtained from sources believed to be reliable. AXA IM HK has reasonable belief that such information is accurate, complete and up-to-date. To the maximum extent permitted by law, AXA IM HK, its affiliates, directors, officers or employees take no responsibility for the data provided by third party, including the accuracy of such data. This material does not contain sufficient information to support an investment decision. References to companies (if any) are for illustrative purposes only and should not be viewed as investment recommendations or solicitations.

    All investment involves risk, including the loss of capital. The value of investments and the income from them can fluctuate and that past performance is no guarantee of future returns, investors may not get back the amount originally invested. Investors should not make any investment decision based on this material alone. 

    Some of the services listed on this Website may not be available for offer to retail investors.

    This Website has not been reviewed by the SFC. © 2023 AXA Investment Managers. All rights reserved.