“Chipotle, Papa John’s link ESG goals to bonus compensation, and pay practice is moving below the C-suite level”
May 15, 2023
“…Nearly half of the Russell 1000 (43%) discloses that it uses ESG-related key performance indicators in executive compensation metrics, according to data from Just Capital, a nonprofit that measures corporate stakeholder performance. That percentage of Russell 1000 companies linking ESG goals to compensation has quickly grown in recent years, from 14% in 2020 to 18% in 2021 to 28% in 2022…
There’s also been a steady push from investors focused on these issues, none more prominent than BlackRock CEO Larry Fink. While Fink, under more pressure than ever as the anti-ESG political movement has targeted him, wrote in his annual letter to investors earlier this year that it’s “not for companies, including asset managers, to be the environmental police,” these issues are clearly viewed as material…”
https://www.cnbc.com/2023/05/14/at-chipotle-papa-johns-the-links-between-bonus-pay-and-esg-grow.html
Avoid ESG companies and woke-ness like the plague. They wont stop until their bottom line is affected. Hit them where it hurts; their wallet. Don’t buy from them. Don’t work for them if possible. Distance yourself from this garbage.