Thomas Buberl: Difference between revisions

 

🌍 In the realm of [[Environmental, social, and corporate governance]] (ESG), Buberl has positioned [[AXA]] as a climate leader, often facing pushback for the financial costs of these decisions. He led the company to become one of the first major institutions to divest from coal, announcing a complete exit from the industry and the cessation of insurance for new coal plants and oil sands pipelines.<ref name="Guardian">{{cite web |url=https://www.theguardian.com/environment/2017/dec/12/insurance-giant-axa-dumps-investments-tar-sands-pipelines |title=Insurance giant Axa dumps investments in tar sands pipelines |publisher=The Guardian |accessdate=2025-11-20}}</ref><ref name="InsureFuture">{{cite web |url=https://global.insure-our-future.com/axa-under-pressure-on-oil-and-gas-insurance/ |title=AXA under pressure on oil and gas insurance |publisher=Insure Our Future |accessdate=2025-11-20}}</ref><ref name="CarrierMgmt">{{cite web |url=https://www.carriermanagement.com/news/2021/03/12/218082.htm |title=AXA Drops German Power Giant RWE as a Client Due to Coal |publisher=Carrier Management |accessdate=2025-11-20}}</ref> While praised by NGOs, these moves resulted in an estimated $100 million annual revenue loss and drew private complaints from competitors and clients.<ref name="Eko">{{cite web |url=https://action.eko.org/a/axa-your-credibility-is-on-the-line |title=AXA: Your Credibility is on the Line |publisher=Ekō |accessdate=2025-11-20}}</ref><ref name="IJ_Burn">{{cite web |url=https://www.insurancejournal.com/news/international/2022/03/17/658323.htm |title=Burn the Client or Burn the Carbon? Insurer AXA Grapples With ... |publisher=Insurance Journal |accessdate=2025-11-20}}</ref> Additionally, his efficiency drives have sparked labor disputes, notably in Belgium where unions protested job cuts with a newsletter titled "No, Mr. Buberl!".<ref name="Unite">{{cite web |url=https://www.axa-unite.org/2025/10/no-mr-buberl/ |title=No Mr Buberl! |publisher=UNITE in AXA |accessdate=2025-11-20}}</ref><ref name="IJ_Belgium" />

 

== References ==