Day: 5 November 2022

47 Largest Carbon-Emitting Companies Fail to Incentivize CEO Pay Based on Climate Performance

Stuart Mitchell

Shareholder representative As You Sow has released “Pay for Climate Performance: Linking CEO Compensation to Emissions Reduction” report finding that, while many companies say they link CEO pay to climate reduction goals, such incentives generally lack meaningful metrics or sufficient compensation to incentivize climate progress. The report grades 47 of the largest carbon-emitting companies in the U.S. on their use of CEO climate-related pay incentives, and the quality of such incentives. The report found a notable lack of measurable incentives across these companies. A whopping 89% of the assessed companies…

Read More

Policymakers must support blended finance to achieve Paris climate goals and the SDGs, says Net-Zero Asset Owner Alliance

Stuart Mitchell

Policymakers must facilitate the scaling of blended finance structures to fund climate solutions if the world is to achieve both the Paris climate goals and the UN Sustainable Development Goals (SDGs), said the UN-convened Net-Zero Asset Owner Alliance. In a call on policymakers– signed by UN Special Envoy for Climate Action and Finance Mark Carney and UN High-Level Climate Action Champion, Nigel Topping and supported by the Sustainable Markets Initiative and the Investor Leadership Network – the Alliance said blended finance structures would go a long way to mobilising the…

Read More

UK businesses lay out plan for electrification of UK’s roads

Stuart Mitchell

The UK Electric Fleets Coalition, run by international non-profit Climate Group, has today launched a seven-point plan to help the new government maintain the momentum behind the UK’s transition to electric vehicles (EVs).  28 leading UK businesses have urged the Government to take the recommended below steps to ensure the UK maintains momentum behind the EV transition, and that the economy feels the benefit of ambitious transport decarbonisation plans.  Alongside the plan, the group has written to Prime Minister Liz Truss to urge her to show more support for businesses…

Read More

IKEA strengthens commitments to reduce inequalities and advance human rights

Stuart Mitchell

IKEA recently published an updated version of the social chapter of the IKEA sustainability strategy. In the new “Fair & Equal” section, IKEA strengthens its commitment to tackle inequality and put respect for human rights as a foundation for business operations. The update includes strengthened commitments to contribute to more resilient societies with a continued focus on children as a particularly vulnerable group and new commitments in areas like ensuring a just transition to a net-zero and circular economy. IKEA is committed to providing and promoting living wages and incomes…

Read More

WHO and ILO call for new measures to tackle mental health issues at work

Stuart Mitchell

The World Health Organization (WHO) and the International Labour Organization (ILO) have called for concrete action to address mental health concerns in the working population. An estimated 12 billion workdays are lost annually due to depression and anxiety costing the global economy nearly US$ one trillion. Two new publications which aim to address this issue are published today – WHO Guidelines on mental health at work and a derivative WHO/ILO policy brief. WHO’s global guidelines on mental health at work recommend actions to tackle risks to mental health such as…

Read More