News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

View

Stop paying bank CEOs to ruin the planet — link bonuses to net-zero goals

HSBC’s incentive scheme contains some climate metrics, but CEO pay is driven above all by earnings and total shareholder returns

Mark Carney has underlined the need to link bankers’ bonuses to their climate performance. That's worth considering
Mark Carney has underlined the need to link bankers’ bonuses to their climate performance. That's worth considering Photo: Getty Images

Natasha Landell-Mills is head of stewardship at Sarasin & Partners

The penny still has not dropped. Our current pay structures – even with tweaks for climate factors – are rewarding climate harm and this needs to stop.

WSJ Logo