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Eurosif partnered with EIRIS for the Remuneration theme report.

Research highlights and recommendations for shareholders and regulators include:

 - 29% of FTSE Eurofirst300 listed companies have some commitment to linking remuneration to ESG performance – although concerns exists around the extent to which performance targets are set as ‘soft targets’ thereby guaranteeing a minimum level of bonus
 - Financial institutions account for 23% of the FTSE Eurofirst300 index but only 16% of financial institutions have an ESG-linked remuneration system
 - Shareholders should engage with companies by voting against unacceptable remuneration packages and calling for and taking part in shareholder dialogue in determining remuneration policy,
 - Regulators should promote active dialogue between companies and shareholders by legislating for a binding “say on pay” vote and setting appropriate guidelines to promote good remuneration practices and disclosure.

The report examines critical challenges and opportunities for companies in relation to remuneration, incentives and long-term sustainability.

remuneration remuneration report eurofirst300 greennumbers

National Grid has today become arguably the highest profile firm to date to tie environmental performance to staff remuneration packages in a move that will see executives financially rewarded based on the emission reductions their departments deliver.

The company announced today that it would implement carbon budgets across its entire operations from next month and incorporate compliance with those budgets into the performance management criteria it uses to gauge executives' salaries and bonuses.

carbon emissions remuneration emissions reductions greenmonktv