No Result
View All Result
Success American Investors
  • News
  • Economy
  • Editor’s Pick
  • Investing
  • Stock
  • News
  • Economy
  • Editor’s Pick
  • Investing
  • Stock
No Result
View All Result
Success American Investors
No Result
View All Result
Home Investing

Barclays and Natwest remove climate targets from annual executive pay

by
February 18, 2025
in Investing
0
Barclays and Natwest remove climate targets from annual executive pay
0
SHARES
1
VIEWS
Share on FacebookShare on Twitter

Two of Britain’s biggest banks, Barclays and NatWest, are removing sustainability metrics from their short-term executive bonus plans, instead shifting climate goals into multi-year incentive schemes.

The move aligns with a broader trend in the corporate world to scale back—or entirely drop—environmental or diversity measures linked to pay packages.

Under Barclays’ overhaul, climate targets will no longer feature in annual bonus calculations for its chief executive, CS Venkatakrishnan (“Venkat”), or other senior managers, and will instead be “fully” integrated into a new long-term incentive plan (LTIP). The bank believes assessing climate objectives over several years provides a clearer view of progress, which it says may be “volatile and non-linear.” Venkat’s LTIP is worth up to 550 per cent of his £1.6 million salary, while his maximum annual bonus is 250 per cent.

NatWest is making similar changes, removing climate metrics from annual awards and relocating them to a revised share-based plan. Chief executive Paul Thwaite, who earns a base salary of nearly £1.2 million, could receive up to £3.5 million through this new structure, almost triple his base pay. Although NatWest previously weighted climate performance at 10 per cent in annual bonuses, it will now form part of a 15 per cent sustainability segment within its longer-term scheme.

These decisions follow the UK’s decision to remove a banker bonus cap inherited from the European Union. They also mirror wider upheavals beyond British finance: Six major American banks, including JPMorgan Chase and Morgan Stanley, have pulled out of a global net-zero alliance amid political backlash at home. Meanwhile, global corporations such as Meta (owner of Facebook) and retail giant Walmart have revoked or cut back on their diversity, equity and inclusion policies following the return of President Trump, who has rescinded various related measures.

BT Group, the former state telecoms provider, also confirmed this month that it would scrap the diversity component from its bonus plan for thousands of middle managers—highlighting a growing shift away from using social and environmental goals in annual remuneration.

NatWest said it remains committed to embedding sustainability within executive pay, while Barclays reiterated in its annual report that the long-term view is most appropriate for assessing climate performance. Rivals HSBC and Lloyds continue to reflect environmental progress in their executive compensation, though future updates may also face scrutiny amid evolving regulatory and shareholder pressures.

Read more:
Barclays and Natwest remove climate targets from annual executive pay

Previous Post

Mobility at Sea Unveils ‘Brand Envoys’ to Enhance Accessibility for Cruise Passengers

Next Post

Stamp duty deadline sparks property sales surge

Next Post
Stamp duty deadline sparks property sales surge

Stamp duty deadline sparks property sales surge

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.
Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!
  • Trending
  • Comments
  • Latest
Vertica: The new Israeli start-up challenger to Viagra proving ‘life-changing’ for men with ED

Vertica: The new Israeli start-up challenger to Viagra proving ‘life-changing’ for men with ED

February 14, 2024

Last Day to Give in 2023!

December 31, 2023
Idaho Bucks Managed Care Trend

Idaho Bucks Managed Care Trend

December 5, 2023

The Producer Price Index

September 9, 2023

ProvU Joins Anvil’s Prestigious Roster of New Partners

0

0

0

0

ProvU Joins Anvil’s Prestigious Roster of New Partners

July 8, 2025

The Mythology of Methodological Collectivism

July 8, 2025

The Mythology of Methodological Collectivism

July 8, 2025

Romantic, Humble, and Hotter Than Ever: Enzo Zelocchi Is Redefining the Hollywood Man

July 8, 2025

Recent News

ProvU Joins Anvil’s Prestigious Roster of New Partners

July 8, 2025

The Mythology of Methodological Collectivism

July 8, 2025

The Mythology of Methodological Collectivism

July 8, 2025

Romantic, Humble, and Hotter Than Ever: Enzo Zelocchi Is Redefining the Hollywood Man

July 8, 2025

Disclaimer: SuccessAmericanInvestors.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

  • About us
  • Contact us
  • Privacy Policy
  • Terms & Conditions

Copyright © 2025 SuccessAmericanInvestors. All Rights Reserved.

No Result
View All Result
  • News
  • Economy
  • Editor’s Pick
  • Investing
  • Stock

Copyright © 2025 SuccessAmericanInvestors. All Rights Reserved.