Visiting Senior Fellow Dr Tom Gosling has been quoted in the Financial Times on global companies starting to remove climate goals from executive pay plans. The article describes how the corporate world is retreating from ESG (Environemntal, Social and Governance) initiatives thanks to US opposition and mounting costs. Dr Gosling noted that ESG targets could help prioritise environmental issues but that companies rarely docked pay for missing environmental targets. “ESG targets aren’t really making nasty companies do less nasty things,” Gosling said. “There’s a real danger that you just end up with more pay, not more ESG."
Click here to read the FT article (paywall)