Posted on 03/11/2023 2:56:36 PM PST by Twotone
A “Climate Modifier” bonus for top executives is among the tactics being used to advance the Royal Bank of Canada’s (RBC) environmental, social and governance (ESG) goals, the bank revealed Monday, announcing the publication of its 2022 Climate Report and ESG Performance Report.
“These reports reflect the importance that RBC places on identifying, understanding and responding to the ESG topics that matter most to our stakeholders and our business,” RBC explains in its press release.
RBC goes on to tout its efforts to use its power as a financial institution to solve the world’s problems:
“They also reflect our belief that financial institutions can play a pivotal role in solving the challenges of today, and that our ability to manage ESG matters will be core to our long-term success.”
The bank says the bonus plan for its CEO and top executives in 2023 will employ a “Climate Modifier” component to advance its climate goals:
“For the 2023 performance year, we plan to include a climate modifier to be considered by the board when granting equity to the CEO and Group Executives. The climate modifier outlined in the 2022 Climate Report gives the board flexibility to make modifications to executives' Mid-Term Incentive and Long-Term Incentive awards, taking into consideration their actions supporting our climate strategy.
(Excerpt) Read more at cnsnews.com ...
This looks like a developing trend that might catch on. Bank failures...it’s 1930 again. Will there be another dust bowl? That was a man-made environmental crisis, only it was real.
and more fees for customers to pay for it
Just a payout to the top toadies. What bunk.
The climate money grab is going to continue and no one will stop them
In an earlier year-—these would have been “flat Earthers”.
Why would Canadians be against global warming? Maybe some like the freezing cold.
Graft
show me the money!!
You would think they would not want to go back to glacial maximum conditions since barely one square foot of Canada was free of a mile+ thick ice sheet.
Pull your money OUT!!
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