Mastercard has revealed it is linking all employee bonuses to the firm’s environmental, social and corporate-governance (ESG) performance.
This follows a move last year by the company to introduce a model for senior executives that saw their bonuses determined in part by the businesses performance on the ESG priorities of carbon neutrality, financial inclusion and gender pay parity. According to Mastercard, the goals were either met or exceeded.
The company has said it is now planning to extend this model to it’s annual corporate score and all employees worldwide. Mastercard highlighted that the corporate score rewards employees for going ‘above and beyond to deliver strong results for the company’.
Mastercard CEO Michael Miebach said, “While our global efforts go much broader and deeper, we’re tying compensation to emissions, financial inclusion and the gender pay gap because we have a substantial impact in these areas and because they closely align with our vision.”
Copyright © 2022 RegTech Analyst
Copyright © 2018 RegTech Analyst
