VW to link executive pay to ESG targets from 2021
A growing number of companies are attempting to retool their businesses for a future free of fossil fuels
18 December 2020 - 11:51
Frankfurt — Volkswagen (VW) plans to link top executives’ bonuses to environmental, social and governance (ESG) targets as the German industrial giant seeks to bolster sustainability credentials that are increasingly relevant to investors.
VW will seek shareholder approval for the updated remuneration system at its AGM in 2021, chair Hans Dieter Pötsch said. Executives’ compensation includes the bonus, a fixed salary and a long-term incentive plan linked to share price performance...
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