PRNewswire
Bengaluru (Karnataka) [India], October 13: AXA announced its commitment to support STEM (Science, Technology, Engineering, and Mathematics) education of nearly 10,000 girls from underprivileged backgrounds across India by 2030 as part of its ‘Dare To Thrive’ initiative. Supported the technology education of 2,500 girls in the last few years through scholarship grants, establishment of computer labs and distribution of desktop computers among others. Partnered with Pune-based Friends Union for Energising Lives (FUEL) to support the STEM education of 40 girls across Bengaluru and Pune officially launching the Dare to Thrive initiative, celebrating the 40 years of AXA Group.
As part of this initiative, AXA Global Business Services will work with ecosystem partners and NGOs to identify and train girl students interested in pursuing STEM education through scholarship grants, the establishment of computer labs, and the distribution of desktop computers among others. The company announced its partnership with Pune-based Friends Union for Energising Lives (FUEL) to support the STEM education of 40 girls across Bengaluru and Pune, celebrating the 40 years of AXA Group. In the last few years, AXA Global Business Services has empowered over 2,500 girls through various industry partnerships and aims to accelerate its efforts towards this direction.
The ‘Dare To Thrive’ initiative was launched by Alexander Vollert, Group Chief Operating Officer and CEO of AXA Group Operations, Marc Lamy, Consul General of France in Bengaluru and Michele Rochefort, CEO of AXA Global Business Services in an event at AXA GBS’ Bengaluru office.
At AXA Global Business Services, inclusion guides day-to-day actions, by supporting individuals facing social and economic challenges to reach their full potential, ensuring that protection is not a privilege, but a right for all. Through education, digital empowerment and community support, the company enables accelerated growth and opportunities for those who need it the most.
“As a global leader in insurance, the AXA Group along with our various entities such as AXA Global Business Services is dedicated to empowering communities and our social responsibilities are designed as a laboratory for philanthropic innovation. Our ambition to support the STEM education of over 10,000 girls from underprivileged backgrounds in India over the next 5 years is aimed at contributing to a broader societal transformation and creating a more inclusive world by promoting girl child education and enhancing their employability. This is at the core of AXA’s purpose: protect what matters,” said Alexander Vollert, Group Chief Operating Officer and CEO of AXA Group Operations.
Michele Rochefort, CEO of AXA Global Business Services, said, “We believe in the power of togetherness to bring about a change in the communities around us and are proud to reaffirm our conviction with the launch of the ‘Dare to Thrive’ initiative to help transform the lives of thousands of young girls. We are excited about this journey where we can drive the digital inclusion of girl students and help support less privileged households. For many years, our employees have committed volunteering hours and their expert skills to empower communities. As a skills-first organization, this commitment is an extension of the learning and development programs for our own employees where we invest heavily to enable them to upskill and reskill.”
“Our mission is to empower young individuals, particularly girls from smaller towns with the requisite skill sets, training, and opportunities that they need to build self-confidence and become employable. We are thrilled to partner with AXA in their ‘Dare to Thrive’ initiative and are confident of bringing transformational changes in the lives of these students,” said Ketan Deshpande, CEO of FUEL.
About AXA Global Business Services
AXA Global Business Services (AXA GBS) is a part of the AXA Group, a worldwide leader in insurance headquartered in Paris, France. AXA Group employs over 154,000 employees across 51 countries, and AXA Global Business Services (GBS) has around 4,500 employees based in India, Morocco and the UK. AXA GBS provides business and technology services covering insurance operations, corporate functions such as finance, human resources and procurement to AXA entities worldwide. Through its expertise in technology and data, AI and automation services, AXA GBS plays a pivotal role in enabling cutting-edge services and driving digital transformation across the organization.
ABOUT THE AXA GROUP
The AXA Group is a worldwide leader in insurance and asset management, with 154,000 employees serving more than 95 million clients in 50 countries. In 2024, IFRS17 revenues amounted to Euro 110.3 billion and IFRS17 underlying earnings to Euro 8.1 billion. AXA had Euro 983 billion in assets under management, including assets managed on behalf of third parties, as of December 31, 2024.
The AXA ordinary share is listed on compartment A of Euronext Paris under the ticker symbol CS (ISN FR 0000120628 – Bloomberg: CS FP – Reuters: AXAF.PA). AXA’s American Depository Share is also quoted on the OTC QX platform under the ticker symbol AXAHY.
The AXA Group is included in the main international SRI indexes, such as Dow Jones Sustainability Index (DJSI) and FTSE4GOOD.
It is a founding member of the UN Environment Programme’s Finance Initiative (UNEP FI) Principles for Sustainable Insurance and a signatory of the UN Principles for Responsible Investment.
Corporate Responsibility strategy:
axa.com/en/about-us/strategy-commitments
SRI ratings:
axa.com/en/investor/sri-ratings-ethical-indexes
IMPORTANT LEGAL INFORMATION AND CAUTIONARY STATEMENTS CONCERNING FORWARD-LOOKING STATEMENTS AND THE USE OF NON-GAAP FINANCIAL MEASURES
Certain statements contained herein may be forward-looking statements including, but not limited to, statements that are predictions of or indicate future events, trends, plans, expectations or objectives, and other information that is not historical information. Forward-looking statements are generally identified by words and expressions such as “expects”, “anticipates”, “may”, “plan” or any variations or similar terminology of these words and expressions, or conditional verbs such as, without limitations, “would” and “could”. Undue reliance should not be placed on such statements because, by their nature, they are subject to known and unknown risks and uncertainties, many of which are outside AXA’s control, and can be affected by other factors that could cause AXA’s actual results to differ materially from those expressed in, or implied or projected by, such forward-looking statements. Readers are therefore cautioned that a variety of factors could influence and cause actual results to differ from those anticipated or implied in any forward-looking statements, in some instances materially. Each forward-looking statement speaks only at the date of this press release. Please refer to Part 5 – “Risk Factors and Risk Management” of AXA’s Universal Registration Document for the year ended December 31, 2023 (the “2023 Universal Registration Document”) for a description of certain important factors, risks and uncertainties that may affect AXA’s business and/or results of operations. AXA specifically disclaims and undertakes no obligation to publicly update or revise any of these forward-looking statements, whether to reflect new information, future events or circumstances or otherwise, except as required by applicable laws and regulations. This press release is not intended to and does not contain or constitute an offer to purchase or sell AXA’s securities. In addition, this press release refers to certain non-GAAP financial measures, or alternative performance measures (“APMs”), used by Management in analyzing AXA’s operating trends, financial performance and financial position and providing investors with additional information that Management believes to be useful and relevant regarding AXA’s results. These non-GAAP financial measures generally have no standardized meaning and therefore may not be comparable to similarly labelled measures used by other companies. As a result, none of these non-GAAP financial measures should be considered in isolation from, or as a substitute for, the Group’s consolidated financial statements and related notes prepared in accordance with IFRS. “Underlying earnings”, “underlying earnings per share”, “underlying return on equity”, “combined ratio” and “debt gearing” are APMs as defined in ESMA’s guidelines and the AMF’s related position statement issued in 2015. AXA provides a reconciliation of such APMs to the most closely related line item, subtotal, or total in the financial statements of the corresponding period (and/or their calculation methodology, as applicable) in its Half-Year Financial Report as of June 30, 2024, on the pages indicated under the heading “IMPORTANT LEGAL INFORMATION AND CAUTIONARY STATEMENTS CONCERNING FORWARD-LOOKING STATEMENTS AND THE USE OF NON-GAAP AND ALTERNATIVE PERFORMANCE MEASURES”. For further information on the above-mentioned and other non-GAAP financial measures used in this press release, see the Glossary set forth in AXA’s 2023 Universal Registration Document.
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