AXA Hong Kong joins Priceless Planet Coalition

It will be the first insurance partner.

AXA Hong Kong and Macau has joined Mastercard’s Priceless Planet Coalition to advance environmentally conscious endeavors.

Launched in 2020 by Mastercard, the Priceless Planet Coalition aims to unite the environmental efforts of consumers, financial institutions, merchants and cities. This was done in conjunction with climate science and forest restoration experts Conservation International and World Resources Institute. The Coalition is currently running 18 restoration projects around the world including sites within the Chinese mainland, maximizing the Coalition’s climate, community, and biodiversity commitments.

AXA Hong Kong will to the coalition’s goal of restoring 100 million trees globally by 2025.

In Hong Kong, AXA has launched various climate and environmental initiatives which include the free “AXA Climate School” program for all full-time university undergraduates in the city, and market-first Green Premium Rebate for employee benefits clients.

Other efforts include investing in green assets which have exceeded $510m (HK$4b) as of February 2022 and the migration to use eServices to reduce paper usage. Furthermore, AXA Group has also lined up other commitments on sustainability, including its target to reach €26 billion in green investments by 2023 and an investment of $1.53b to support sustainable forest management.