Bureau meeting on January 19, 2022

18.02.2022

The AXA EWC Bureau met on January 19 for the first monthly meeting of the new term. After welcoming the newly elected members, Hedi ben Sedrine, secretary of the body, and Koen Hermans, Group Head of Social Relations, introduced their vision of the AXA Group's European Works Council, one of the most active in Europe.

Diversity and Inclusion Survey

Kirsty Leivers (Head of Culture, Inclusion and Diversity in the Group HR Department) and Sophie Furtak, Senior Diversity and Inclusion Project Manager, present the results of the AXA Group's first Inclusion & Diversity survey, one of the broadest and most in-depth surveys on this topic for a company of AXA's size.

It gathered responses from more than 60,000 employees worldwide who expressed their feelings about Diversity and Inclusion within the Group by writing more than 12,000 verbatims. The results of the survey are generally reassuring for AXA, but they also call for action to be taken, via two levers: communication and training. The secretariat's representatives also noted that progress could be made and appreciated the fact that AXA has kept diversity issues alive even in countries where the culture is not developed on the subject.

Bilan Shareplan 2021

Ombline de Tessières (Head of Compensation within the Group's Compensation & Benefits Department) presents, as she does every year, the results of this capital increase operation aimed exclusively at employees. Employee shareholding is at the heart of AXA's strategy and is a strong commitment to employees. This year saw the return of the leveraged formula, which the crisis had prevented from being offered last year. The participation rate is better than in 2020 but has not returned to the level of 2019. Germany, France and the UK represent 80% of eligible employees in Europe. The AXA Group is now considering how to make the offer even more attractive.

The members of the secretariat have made some proposals but taxation and legislation are a major obstacle to what is possible to do. The AXA group is well positioned compared to other CAC 40 groups with an employee shareholding of over 4% and an annual capital increase offer.

Appointment to the Secretariat

Hedi ben Sedrine announced the appointments to the secretariat in accordance with the provisions of the EWC agreement and stated that the secretariat was working on the roadmap of the mandate for the next 4 years.