AXA Hong Kong and Macau (AXA) today announced a strategic partnership with Capco, the global technology and management consultancy, to offer a comprehensive climate-related risk management and reporting solution to financial institutions and other organisations. In response to increasing mandatory ESG reporting regulatory requirements, this partnership comes as a solution for corporates and firms across a range of industries that are looking to fulfill their climate disclosure obligations.
As a global insurance leader with centuries of expertise in property and casualty business, AXA is uniquely positioned to provide proprietary climate risk models and tools, backed by its high-quality dataset and climate science expertise, for the assessment of physical climate risks. The new partnership draws on Capco’s proven experience in helping clients build out their data-driven climate competencies and AXA’s depth and breadth of physical climate risk assessment coverage and capabilities. It allows clients to comply with evolving regulatory requirements, build enterprise-wide climate competence, and overcome the key challenges posed by today’s fragmented climate data landscape.