Mastercard Links Executive Pay to ESG Goals
March 24 2021 - 12:51PM
Dow Jones News
By Dieter Holger
Mastercard Inc. linked the pay of its most senior executives to
its environmental, social and governance targets, joining other big
companies that have made similar moves.
Executive vice presidents and above at the Purchase, N.Y.-based
company will see their compensation tied to three areas: carbon
neutrality, financial inclusion and gender pay parity, Chief
Executive Michael Miebach said in a blog post on Wednesday.
The company will share more details on the compensation
structure at a later date, a Mastercard spokeswoman said.
Some of the payments company's ESG goals include net-zero
greenhouse-gas emissions by 2050 and bringing 1 billion more people
and 50 million micro and small businesses into the digital economy
by 2025.
"We believe these ESG goals, which our senior leaders have the
ability--and responsibility--to influence, will help our business
grow and thrive for years to come," Mr. Miebach said.
Write to Dieter Holger at dieter.holger@wsj.com;
@dieterholger
(END) Dow Jones Newswires
March 24, 2021 12:36 ET (16:36 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
MasterCard (NYSE:MA)
Historical Stock Chart
From Aug 2024 to Sep 2024
MasterCard (NYSE:MA)
Historical Stock Chart
From Sep 2023 to Sep 2024