ADD ANI AS A TRUSTED SOURCE
googleads
Menu
Business

AXA XL announces partnership with charity WaterAid

New Delhi [India] Oct 03 (ANI/NewsVoir): As part of its efforts to improve water resilience around the world, AXA XL today announced that it has entered into a three-year partnership with international charity WaterAid to help provide more than ten thousand people in rural India with access to clean water.

ANI Oct 03, 2019 15:04 IST googleads

Derek Nazareth, Head of Global Operations and Country Head, AXA XL India

New Delhi [India] Oct 03 (ANI/NewsVoir): As part of its efforts to improve water resilience around the world, AXA XL today announced that it has entered into a three-year partnership with international charity WaterAid to help provide more than ten thousand people in rural India with access to clean water.
Nearly one million people globally die each year from diarrhoeal diseases linked to dirty water, and poor sanitation and hygiene. The crisis has a particularly devastating impact on children, affecting their education and health. The provision of clean water, sanitation and hygiene could help save the lives of some 310,000 children aged under five each year.
Investing in water and sanitation not only helps transform lives, but it also has financial benefits for whole communities. Every USD 1 invested in water and toilets returns an average of USD 4 in increased productivity.
Today in India, more than 163 million people are currently without safe water and nearly 732 million do not have access to decent sanitation. As part of the new partnership, AXA XL and WaterAid will work to provide communities and schools in the Fatehpur district of Uttar Pradesh in Northern India year-round access to safe drinking water, sanitation, and hygiene facilities.
Among other things, AXA XL's funding will support WaterAid in creating sanitary blocks and healthcare facilities in schools and community centres, a pipeline water supply unit and rainwater harvesting infrastructure. It will also enable community-level training on water testing and basic hydrology so that communities can manage and sustain the new infrastructure into the future.
The partnership is one part of AXA XL's broader corporate social responsibility focus on improving water resilience, which NASA has warned are likely to be the key environmental challenge of the century.
"AXA XL has a long and established presence in India, with offices in Gurugram and Bengaluru for more than 12 years. We have always been committed to supporting our local communities all year round, but now our interest in the country goes beyond these locations, which is why we're proud to partner with a charity such as WaterAid to bring clean water to some of the country's most vulnerable people", said Derek Nazareth, Head of Global Operations and Country Head, AXA XL India.
"Water scarcity is a threat to billions of people in both developing and developed countries, and extreme weather patterns, population growth, and demographic trends will only exacerbate this problem going forward. As a global (re)insurer, developing resilience is the essence of what we do. We're looking forward to partnering with WaterAid to reduce the risk of critical water shortages in the most exposed regions", added Suzanne Scatliffe, Director, Corporate Social Responsibility at AXA XL.
"An estimated 3.6 billion people lived in water-scarce areas in 2016, and that number is expected to increase to around five billion by 2050, while a staggering two billion people currently live without access to basic sanitation. This global crisis requires urgent action as these basics are vital to overcoming global poverty. We're therefore delighted that AXA XL will be joining us on our journey to achieving a world where everyone, everywhere has access to clean water, improved sanitation and good hygiene", commented Marcus Missen, Director of Communications and Fundraising at WaterAid.
This story is provided by NewsVoir. ANI will not be responsible in any way for the content of this article. (ANI/NewsVoir)

Get the App

What to Read Next

Business

Piyush Goyal meets global industry leaders to deepen trade ties

Piyush Goyal meets global industry leaders to deepen trade ties

The meetings were inclined towards bolstering India's manufacturing capabilities and deepening its integration into global supply chains. The discussions focused on expanding investment partnerships and enhancing India's role as a critical hub in the Indo-Pacific region.

Read More
Business

India market "relatively resilient" compared to its Asian peers

India market

The deepening conflict in West Asia has placed the Indian economy and the broader Asian region in the "eye of the storm," as supply chain disruptions and surging energy costs threaten to trigger a significant negative growth shock.

Read More
Business

Adani Foundation to connect 10 lakh women nationwide

Adani Foundation to connect 10 lakh women nationwide

The Adani Foundation, today, declared that in the next one year, it will connect one lakh women in Maharashtra with the Swabhimaan initiative. For the future, Adani Foundation has announced to connect 10 lakh women in India with the same initiative and make them strong.

Read More
Business

Govt Urges Citizens to Avoid Panic Booking

Govt Urges Citizens to Avoid Panic Booking

Amid global energy disruptions following the closure of the Strait of Hormuz, the government has assured that the domestic supply of LPG, petrol, diesel, kerosene, and natural gas remains stable, while citizens are urged to avoid panic booking and conserve fuel, said Sujata Sharma, Joint Secretary of the Ministry of Petroleum and Natural Gas, today.

Read More
Business

India Emerging as Stable Investment Anchor in Turbulent Global

India Emerging as Stable Investment Anchor in Turbulent Global

Mumbai (Maharashtra) [India], March 12: As military conflict in West Asia disrupts energy supplies through the Strait of Hormuz and global liquidity tightens, leading investors, policymakers and capital markets leaders gathered at IGF Mumbai 2026: Catalysing Capital to assess India's position in an increasingly fragmented global economy.

Read More
Home About Us Our Products Advertise Contact Us Terms & Condition Privacy Policy

Copyright © aninews.in | All Rights Reserved.