It aims to create a scalable, replicable solution for infrastructure resilience projects.
AXA said it supports the Insurance Development Forum (IDF)’s Infrastructure Resilience Development Blueprint.
The initiative plans to “mobilise and facilitate insurance sector investments in infrastructure that will enhance the resilience of vulnerable communities in emerging and developing economies to risks from climate change and other natural disasters.”
The goal is to create a scalable, replicable solution for infrastructure resilience projects that can be quickly brought to market, yielding measurable positive outcomes for vulnerable communities soon.
“Our involvement in the Infrastructure Resilience Development Blueprint reflects our commitment to leveraging insurance sector capabilities to support resilient infrastructure development and protect vulnerable communities in addition to maintaining our usual investments’ objectives including risk selection and returns.” Jean-Baptiste Tricot, Group chief investment officer of AXA Group, said in a statement.
Potential investments include greenfield and brownfield commercial infrastructure projects in renewable energy, water, waste, transportation, social sectors (e.g., hospitals, education, government-backed housing), digital infrastructure, and telecommunication.
Additionally, nature-based solutions will be geared towards boosting the resilience of vulnerable communities to climate risks and natural disasters.
The IDF is collaborating with BlackRock to implement its Blueprint, leveraging BlackRock’s infrastructure investment and blended finance expertise.