Carney Panel Urges CEO Compensation Link With Climate Risk

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Carney Panel Urges CEO Compensation Link With Climate Risk

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Monday, January 2, 2017 - 2:55pm

Originally posted on Bloomberg.com

Energy companies should consider telling investors how executive compensation is linked to climate change risks, according to a panel advising the Group of 20 nations.

Remuneration policies should consider how tighter pollution laws, extreme weather events and efforts to reign in fossil fuels could impact creditors and shareholders, according to the Task Force on Climate-Related Financial Disclosures, the group set up by Bank of England Governor Mark Carney in his role as head of the Financial Stability Board.

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