UK CEOs ‘not incentivised’ to focus on their environmental impact
Just 6% of UK chief executives have a KPI related to the environment, with less than 1% having long-term incentives linked to this area.
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Are chief executives rewarded for tackling the climate crisis? Not in the UK it seems. In fact, far from it.
Research from remuneration experts at Vlerick Business School in Ghent has found that UK CEOs are not incentivised to make their businesses environmentally friendly. Indeed, analysis of 159 UK companies found that just 6% of their chiefs have a KPI focused on the environment. Less than 1% have long-term incentives focused on this area.
That will comes as a shock to many in the week that the world’s climate emergency efforts are focused on the COP25 meeting in Madrid and working out how the Paris climate agreement will be put in
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