Monday, December 17, 2018

Shell incentivizing execs to go green

Going green will put more greenbacks in Shell exec’s wallets. Royal Dutch Shell has established climate targets, reducing their operational greenhouse gases by 50% by 2050.

From 2020, Shell will institute three-to-five-year Net Carbon Footprint targets that are supposed to help it achieve its longer-term goals: a 20% reduction in the footprint by 2035, and a 50% reduction by 2050. Shell said it would “seek third-party assurance” that it was meeting its targets, and would publicize its assurance statements.

Often, organizational Human Resources systems lag new initiatives. But Shell is plannning to hang a big carrot in front of their execs. The details are not yet finalized and will need to be approved by shareholders. Shareholder activism got them this far so I’m guessing it will pass.

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