"Axa to divest from high-risk coal funds due to threat of climate change", 22 May 2015

The insurance company Axa has said it will remove around €500m (£355m) of coal investments from its portfolio, in a move that reflects long-term concerns in the insurance industry over climate change. The company has also pledged to triple its investments in green technologies and services to more than €3bn by 2020 and provide investors with more information on the risk to its investments from climate change....Henri de Castries, chairman and chief executive of the French insurer, said..."It is our responsibility, as a long-term institutional investor, to consider carbon as a risk and to accompany the global energy transition. The burning of coal to produce energy is today, clearly, one of the biggest obstacles from reaching the 2C target.”