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. The compensation policy will “focus primarily on portfolio decarbonization,” ESG Today reports.

AXA IM’s ESG incentive compensation packages include financial rewards for achieving client portfolio, as well as internal, decarbonization goals by 2025:

AXA IM’s financial incentives are designed to reach three ESG targets by 2025:

By handing over their pension and retirement funds to asset managers that practice ESG, investors risk sacrificing growth of their portfolios - so that the investment firms can achieve ideological ESG goals.

As 2022 drew to a close, all 10 of the largest Environmental, Social and Governance (ESG) funds left investors suffering double-digit percentage losses in the value of their portfolios, an analysis by Bloomberg reveals.

What’s more, the report finds that eight of the ten largest ESG funds, measured by assets, performed worse than the S&P 500.

Asset managers have a fiduciary responsibility to make investment decisions based solely on their clients’ goals and best interests – but, AXA IM’s website says that also includes achieving the  company’s own climate objectives.

“We believe our fiduciary duty goes beyond delivering returns to our clients. We believe it’s also about investing responsibly, driving climate action and ensuring the long-term sustainability of the world we live in,” AXA IM’s website declares.

AXA IM says it’s also using the money it invests to pressure companies in need of capital to capitulate to its ESG ideology:

“The way we act on our convictions and allocate capital has the power to influence investee companies’ behaviours.”

This practice, in which financial institutions limit their investments to companies aligned with specific leftwing environmental and social causes, was highlighted in December at a Texas Senate Committee on State Affairs hearing.

There, Brigham Minerals Founder and Executive Director Bud Brigham provided testimony alleging that a bank had tried to use his loan application as leverage to coerce him into publicly expressing support for ESG ideology.

AXA IM plans to become carbon net zero as both an investor a business by 2050.