In 2021, the Institute of Directors (IoD) in Ireland and the Diligent Institute conducted the first research to understand how boards address environmental, social, and governance (ESG) issues and integrate ESG-related risks and opportunities into their strategies.
In 2022 followed, a second research initiative, described in the 2022 report launched last November, covers the importance of ESG, including board oversight and structure, strategy, risk, and boardroom practices, skills, and EU legislation.
Since 2022, achieving company’s ESG (Environmental, Social and Corporate-Governance) goals will now factor into bonus calculations for all employees at Mastercard.
Incentive pay will be in part tied to progress towards the company’s ESG priority areas of carbon neutrality, financial inclusion, and gender pay parity.
How might the climate emergency shape future employment law and practice? There are close connections between the world of work and the duty to fight climate change, that will drive change across the world, seeking for a more sustainable approach to business.