Shell To Tie Executive Bonus Pays With Energy Transition Goals
By Tsvetana Paraskova – Mar 29, 2021, 11:30 AM CDT
Oil and gas supermajor Shell is set to tie the bonuses for its top executive directors more closely to the group’s performance in reaching its net-zero goals, if shareholders approve the plan at the annual general meeting in May, Reuters reported on Monday.
Two years ago, Shell became the first supermajor to set short-term emission reduction targets and link these targets with executive pay, yielding to growing investor pressure about establishing short-term emission goals.