Carney Panel Urges CEO Compensation Link With Climate Risk
- Energy sector vulnerable to CO2 cuts and rise of renewables
- Compensation metrics linked with climate “has come of age”
Carney, Bloomberg: Why Climate Risk Disclosures Matter
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Energy companies should consider telling investors how executive compensation is linked to climate change risks, according to a panel advising the Group of 20 nations.
Remuneration policies should consider how tighter pollution laws, extreme weather events and efforts to reign in fossil fuels could impact creditors and shareholders, according to the Task Force on Climate-Related Financial Disclosures, the group set up by Bank of England Governor Mark Carney in his role as head of the Financial Stability Board.