Resolution askSet targets or transition plans
ESG sub-theme- Emissions reduction
- Remuneration
Resolved clauseThe Company shall disclose, in its annual report, details of how the Company’s remuneration policies facilitate the achievement of the Company’s GHG emissions reduction targets.
Supporting statementLong-term institutional investors in the Company see its corporate value depending upon a credible decarbonization strategy and science-based short-, medium- and long-term GHG emissions reduction targets aligned with the goals of the Paris Agreement and investor expectations. We consider that a direct linkage between remuneration and the achievement of GHG emissions reduction targets to be in the Company’s interests as an important mechanism to facilitate executive performance against decarbonization goals, which would result in protecting corporate value.