Payments giant Mastercard has announced bonuses for senior executives will be linked to environmental, social and corporate-governance (ESG) goals.
In Brief:
This was announced online by CEO Michael Miebach last week.
Key goals are cutting carbon usage, improving financial inclusion and gender pay parity.
Mastercard has pledged to achieve net zero emissions by 2050.
What does this mean?
Mastercard is putting its money where its mouth is when it comes to ESG initiatives, and this decision will mean senior leaders are held accountable for the goals it has set.
