AXA has announced its support for the Insurance Development Forum (IDF)’s Infrastructure Resilience Development Blueprint, aiming to bolster climate resilience across infrastructure projects. The initiative seeks to mobilize insurance sector investments in infrastructure, particularly in emerging and developing economies. This effort aims to enhance the resilience of vulnerable communities to climate change and natural disasters.
Jean-Baptiste Tricot, Group Chief Investment Officer of AXA Group, emphasized the company’s commitment to leveraging insurance capabilities for resilient infrastructure development. He stated, “Our involvement in the Infrastructure Resilience Development Blueprint reflects our commitment to supporting resilient infrastructure and protecting vulnerable communities, alongside our traditional investment goals of risk selection and returns.”
The initiative focuses on scalable and replicable solutions for infrastructure resilience, with potential investments spanning greenfield and brownfield projects in renewable energy, water, waste, transportation, social sectors such as hospitals and education, digital infrastructure, and telecommunications. Nature-based solutions are also being explored to bolster community resilience against climate risks and natural disasters.
Collaborating with BlackRock, the IDF aims to implement the Blueprint by leveraging BlackRock’s expertise in infrastructure investment and blended finance. This partnership underscores a strategic approach to promoting sustainable and resilient infrastructure solutions globally.
