Shareholder Activist Urges Sasol to Reject Remuneration Policy Over Emissions Targets
1 report, 1 independent
Updated Thu 00:00
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What happened
Just Share urged Sasol shareholders to reject the company’s remuneration policy at its AGM. The activist group stated that executive pay is not adequately linked to Sasol’s commitment to cut greenhouse gas emissions by 2030. Sasol has committed to reducing Scope 1 and 2 emissions by 30% by 2030 against a 2017 baseline.
From businessday.co.za
Why it matters
The dispute centers on how Sasol’s executive incentive schemes tie compensation to environmental performance. The long-term incentive scheme assessed executives against targets to improve emissions intensity, but Just Share argues this link is insufficient to meet the company’s climate goals.
From businessday.co.za