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AXA WF ACT Social Progress: Impact report 2022

  • 20 October 2023 (10 min read)

Executive Summary

In this inaugural annual impact report for AXA WF ACT Social Progress, we aim to illustrate the positive contribution of the companies we invested in across our four social impact themes; Social Inclusion, Healthcare Solutions, Safety & Security and Empowerment.

For each company held in the portfolio as of 31 December 2022, we have provided a brief explanation of the impact we believe that company has had on the relevant social theme, and we intend to track the progress of each company’s impact in our future annual impact reports.

In addition, for each of the eleven sub-themes which underpin our four overarching social themes, we have provided a company case study, intended to add additional context on the issues we are aiming to tackle through our investments, as well as explain how each company is addressing the issue at hand through their products and services. The structure we have used in these case studies was designed around the concept of the theory of change, which we have adopted based on our experience of working with the Global Impact Investing Network (GIIN).

We have also provided a theory of change at the overall strategy level, and aggregated data from the companies we invest in to provide overall portfolio-level key performance indicators. The portfolio’s contribution towards the UN Sustainable Development Goals is also provided, and is based on the underlying contribution of each company’s products and services.

We hope this report provides valuable insight into how the companies we are investing in are contributing to the goal of driving social progress and raising living standards for all. We are fully committed to enhancing this report over the coming years and increasing visibility of the contribution of our strategy and underlying investments.

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    Due to its simplification, this communication is partial and opinions, estimates and forecasts herein are subjective and subject to change without notice.
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    The Fund’s characteristics do not protect the investors from the potential effect of inflation over time. The investments and/or any potential income generated
    during the period will not be adjusted by the rate of inflation over the same period. Thus, the return on the AXA WF ACT Social Progress adjusted from the rate of inflation could be negative. Consequently, the inflation might undermine the performance and/or the value of your investment.

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    Companies shown are for illustrative purposes only as of 31/12/2022 and may no longer be in the portfolio at a later date. It does not constitute investment
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