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dc.contributor.authorRitz, R.
dc.date.accessioned2020-12-17T11:40:47Z
dc.date.available2020-12-17T11:40:47Z
dc.date.issued2020-10-29
dc.identifier.otherCWPE2098
dc.identifier.urihttps://www.repository.cam.ac.uk/handle/1810/315202
dc.description.abstractSince the 2015 Paris Agreement, climate change – and wider environmental, social and governance (ESG) issues – have risen to board-level on the corporate agenda. Under increasing pressure from institutional investors, companies are reformulating their strategies for a climate-constrained world. A novel aspect of the emerging corporate response is that executive compensation is being linked to climate targets. At the world’s largest energy companies, climate metrics now make up 8% of CEO’s short-term incentive plans. This paper explains the case for corporate climate action, summarizes the use to date of climate-linked management incentives, and presents a framework for understanding their benefits and design challenges.
dc.publisherFaculty of Economics, University of Cambridge
dc.relation.ispartofseriesCambridge Working Papers in Economics
dc.rightsAll Rights Reserved
dc.rights.urihttps://www.rioxx.net/licenses/all-rights-reserved/
dc.subjectBalanced scorecard
dc.subjectcorporate climate action
dc.subjectcorporate strategy
dc.subjectESG
dc.subjectexecutive compensation
dc.subjectmanagement incentives
dc.titleClimate targets, executive compensation, and corporate strategy
dc.typeWorking Paper
dc.identifier.doi10.17863/CAM.62311


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