A global asset management corporation handling total portfolio funds in excess of nine hundred billion dollars is now bribing its employees to make investment decisions that subordinate profit maximization to the advancement of environmental, social and governance (ESG) goals.
On Thursday, AXA Investment Managers (AXA IM) announced that it will now provide financial incentives to its approximately four hundred senior executives based on reallocating portfolio fund investments to achieve ESG goals:
“As part of its commitment to becoming net zero as a business and investor by 2050 to help the transition to a more sustainable world, AXA Investment Managers (AXA IM) is now including ESG targets in the remuneration of its senior executives.”
The compensation policy focuses primarily on portfolio decarbonization objectives. …
