Royal Dutch Shell will link executive bonuses to emissions reductions, whilst also increasing screening of future investments to limit the company’s carbon output, according to a Reuters interview with CEO Ben van Beurden. The move is a reaction to pressure from investors concerned about the impact of reduced global oil consumption and international commitments to decreasing the use of fossil fuels. Last month, Shell confirmed to investors that Up to 70 percent of bonus payments would be connected to “greenhouse gas management,” although the specific targets have not been revealed.
Royal Dutch Shell will link executive bonuses to emissions reductions, whilst also increasing screening of future investments to limit the company’s carbon output, according to a Reuters interview with CEO Ben van Beurden. The move is a reaction to pressure from investors concerned about the impact of reduced global oil consumption and international commitments to decreasing the use of fossil fuels. Last month, Shell confirmed to investors that 10% of bonus payments would be connected to “greenhouse gas management,” although the specific targets have not been revealed.