The topic of CO2 will be the focus of the upcoming Siemens Annual General Meeting on February 5 in Munich. This will be ensured on the one hand by the protests announced by climate protectionists, and on the other hand, carbon dioxide is also on the company’s own agenda. The salary of the board plays a central role.
Shareholders should approve a new management board remuneration system that will include a sustainability component in the future. For 2020, this in turn includes the achievement of self-imposed targets for reducing CO2 emissions as one of three factors.
Siemens sees itself as a pioneer in the Dax with its sustainability component. However, the financial impact of CO2 emissions on the board is limited. They are only part of the sustainability component, which accounts for one fifth of the calculation of the long-term board remuneration, which in turn is only part of the total remuneration. Roughly overrated, the topic of carbon dioxide should have a total weight of around two to three percent.
– ,
