Microsoft Further Ties Executive Pay to Sustainability Goals
By Dieter Holger
Microsoft Corp. said Thursday that progress on its
sustainability goals will be a factor in determining executive pay,
starting in its next fiscal year in July.
Microsoft President Brad Smith said the compensation committee
of the board of directors "will assess, review, and approve these
changes" that will apply to the company's senior leadership as well
as Chief Executive Satya Nadella.
Since 2016, the Redmond, Wash.-based software giant has tied "a
portion of executives' compensation to environmental, social and
governance measures starting with diversity representation gains,"
he said in a blog post.
Microsoft has a raft of sustainability ambitions, including
reaching carbon negativity by 2030. It said it invested in 26
carbon-dioxide removal projects to clear more than 1.3 million
metric tons of CO2 from the atmosphere this fiscal year. In fiscal
2020, Microsoft said it cut 6% of its CO2 emissions.
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(END) Dow Jones Newswires
January 28, 2021 06:51 ET (11:51 GMT)
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