Air Canada | Incentive compensation for all employees in light of ESG objectives

Status
Withdrawn
AGM date
Previous AGM date
Proposal number
1
Resolution details
Lead filer
Mouvement d'éducation et de défense des actionnaires (MÉDAC)
Resolution ask
Adopt or amend a policy
ESG theme
  • Environment
ESG sub-theme
  • Remuneration or pay
Type of vote
Shareholder proposal
Filer type
Shareholder
Company HQ country
Canada
Resolved clause
It is proposed that the Board of Directors consider the opportunity to introduce a new direction in terms of incentive compensation with the aim of linking part of the compensation of all employees to the performance of the organization’s main ESG objectives.
Supporting statement
In April 2022, Mastercard CEO, Michael Miebach, announced that the company was expanding its incentive compensation program
aimed at achieving ESG goals to all employees.(1) Referring to the implementation of such a program among executive management
members in the previous year, he mentioned that this compensation strategy had allowed them to achieve and exceed the set goals.
He added: “Each and every one of us shares the responsibility to uphold our ESG commitments. That’s why we’re extending that
model to our annual corporate score and all employees globally, taking our shared accountability and progress to the next level.”(2) Like him, we believe that achieving many ESG goals is not only the responsibility of executive management, but that of all employees who, in their daily work, can contribute significantly to achieving the organization’s priorities, to exceeding them and to suggesting innovative ways to achieve them more quickly. For the CEO of Mastercard, this new compensation strategy including all employees led him to advance the achievement of carbon neutrality from 2050 to 2040.

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