Finance
Mastercard Ties Executive Bonuses to Environmental, Social Goals
- Miebach says ESG efforts can help Mastercard ‘grow and thrive’
- Companies increasingly link compensation to such initiatives
Photographer: Richard Drew/AP Photo
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Mastercard Inc. Chief Executive Officer Michael Miebach said the payments giant will link bonuses for top executives to many of its key environmental, social and corporate-governance initiatives.
Executive vice presidents and above will be evaluated on how they contributed to progress on efforts to curb the firm’s use of carbon, improve financial inclusion and reach gender-pay parity, Miebach said. The company will “expand and adapt” these priorities to address changing objectives.