French global insurer AXA has pledged to phase out coal from business activities as part of its climate strategy. The company said it intended to divest its insurance and investment exposure to coal by 2030 in the European Union and OECD countries, and in the rest of the world by 2040. It also announced its plans to encourage companies to produce a coal-phase out plans compatible with the UN Paris climate agreement by 2021. The policy comes just ahead of the fifth edition of Climate Finance Day in Paris, and will exclude approximately 400 companies with coal plant and mine expans...
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