Executives will face bonus cuts if the companies they run fail to hit climate transition targets, under a new EU proposal that greatly expands the range of levers regulators can draw on to meet terms of the Paris Agreement.
Executives at companies with more than 1,000 employees will be held personally responsible if trajectories for emissions cuts don’t align with the objective of limiting global warming to 1.5ºC, according to the current text of the Corporate Sustainability Due Diligence Directive.
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