July 27, 2020

BMW vows to tie executive pay to climate goals

Munich (Germany) (AFP) – German giant BMW on Monday said executive pay would in future be tied to meeting strict targets aimed at lowering the luxury carmaker’s carbon emissions.Speaking to reporters in Munich, chief executive Oliver Zipse said BMW wanted to reduce CO2 emissions by millions of tonnes a year by 2030 as part of its “very clear commitment” to the Paris climate agreement.”We will report on our progress every year and measure ourselves against these targets,” Zipse said.”The compensation of our board of management and executive management will also be tied to this.”He did not go in…

source https://this.kiji.is/en/660492818183996513?c=648607265489716321

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