Intel, Xcel Energy, Alcoa Among US Companies Linking Exec Pay to Sustainability

Intel, Xcel Energy, Alcoa, ING, National Grid, Shell, and Suncor Energy are among the US companies tying executive compensation to sustainability performance, according to a report from The Conference Board. The report, “Linking Executive Compensation to Sustainability Performance,” says shareholders are placing more value on corporate sustainability initiatives, and are becoming increasingly interested in linking such performance to executives’ compensation. In 2011, 243 proposals related to matters of social and environmental policy were submitted at companies holding annual meetings between Jan. 1 and Aug. 3, constituting 35 percent of the total proposals in that time, the report says. This is an increase from 29 percent in 2007 and the 28 percent in 2010. More…

News selected by Covalence | Country: China | Company: Intel, Xcel Energy, Alcoa, ING, National Grid, Shell, Suncor Energy | Source: Environmental Leader