Energy giant Royal Dutch Shell is to set carbon emission targets and link them to its executive pay.
The Anglo-Dutch company has made the move after pressure from investors, led by asset manager Robeco and the Church of England Pensions Board.
The groups said they believed “climate change to be one of the greatest systemic risks facing society today”.
Shell will link energy transition and long-term pay, subject to a shareholder vote in 2020.
The firm is still in talks with investors over the precise figures over carbon targets and what percentage of pay might be affected, but it is estimated that as many as 1,300 high-level employees could be…[involved].