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Environmental, social and governance-linked pay can boost sustainability efforts, but metrics must be carefully designed
AT LOCAL telco Singtel, top executives’ remuneration is not just based on hard financial metrics. Tackling issues such as climate change, digital inclusion and talent diversity also play a part in determining how they are compensated.
Singtel is part of a small but notable group of Singapore-listed companies that incorporate ESG – or environmental, social and governance – key performance indicators (KPIs) in their top executives’ remuneration.
The company has used ESG-related KPIs in the incentive plans of its top executives – including chief executive Yuen Kuan Moon and management committee members – since its strategic reset in mid-2021.
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