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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This marketing communication does not constitute, on the part of AXA Investment Managers Paris a solicitation or investment, legal or tax advice. This material does not contain sufficient information to support an investment decision.
Due to its simplification, this communication is partial and opinions, estimates and forecasts herein are subjective and subject to change without notice.
There is no guarantee forecasts made will come to pass. Data, figures, declarations, analysis, predictions and other information in this document is provided based on our state of knowledge at the time of creation of this document. Whilst every care is taken, no representation or warranty (including liability towards third parties), express or implied, is made as to the accuracy, reliability or completeness of the information contained herein. Reliance upon information in this material is at the sole discretion of the recipient.
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.
Before making an investment, investors should read the relevant Prospectus and the Key Information Document, which provide full product details including investment charges and risks. The information contained herein is not a substitute for those documents or for professional external advice. The products or strategies discussed in this document may not be registered nor available in your jurisdiction. Please check the countries of registration with the asset manager, or on the local web sites https://www.axa-im.com/en/registration-map https://www.axa-im.com/en/ , where the funds and share
classes published are filtered according to country of registration and investors’ profile. In particular units of the funds may not be offered, sold or delivered to U.S. Persons within the meaning of Regulation S of the U.S. Securities Act of 1933. The tax treatment relating to the holding, acquisition or disposal of shares or units in the fund depends on each investor’s tax status or treatment and may be subject to change. Any potential investor is strongly encouraged to seek advice from its own tax advisors.
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The ESG data used in the investment process are based on ESG methodologies which rely in part on third party data, and in some cases are internally developed. They are subjective and may change over time. Despite several initiatives, the lack of harmonised definitions can make ESG criteria heterogeneous. As such, the different investment strategies that use ESG criteria and ESG reporting are difficult to compare with each other. Strategies that incorporate ESG criteria and those that incorporate sustainable development criteria may use ESG data that appear similar but which should be distinguished because their calculation method may be different.
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
research or financial analysis relating to transactions in financial instruments, nor does it constitute an offer to buy or sell any investments, products or services, and should not be considered as solicitation or investment, legal or tax advice, a recommendation for an investment strategy or a personalized recommendation to buy or sell securities.
The targeting of specific SDG does not imply the endorsement of the United Nations of AXA Investment Managers, its products or services, or of its
planned activities and does not constitute, explicitly or implicitly, a recommendation for an investment strategy.
Risk Warning
The value of investments, and the income from them, can fall as well as rise and investors may not get back the amount originally invested.