Eurosif partnered with EIRIS for the Remuneration theme report.
A Steering Committee comprised of representatives from CM-CIC Asset Management, Ethos Foundation, Groupama Asset Management, Henderson Global Investors, MACIF Gestion, PhiTrust Active Investors, Robeco, Société Générale Gestion, provided expertise and input to help shape this report.
- 29% of FTSE Eurofirst300 listed companies have some commitment to linking remuneration to ESG performance – although concerns exists around the extent to which performance targets are set as ‘soft targets’ thereby guaranteeing a minimum level of bonus
- Financial institutions account for 23% of the FTSE Eurofirst300 index but only 16% of financial institutions have an ESG-linked remuneration system
- Shareholders should engage with companies by voting against unacceptable remuneration packages and calling for and taking part in shareholder dialogue in determining remuneration policy,
- Regulators should promote active dialogue between companies and shareholders by legislating for a binding “say on pay
- Download the Eurosif_remuneration-report-2010 here.