National Grid Tying Executive Bonuses to Carbon Reduction

by | Mar 26, 2009

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dollar-sign-light-bulb2Buried in the news that National Grid was cutting carbon emissions 45 percent by 2020 was a little nugget that matters quite a lot to many executives. The utility company will tie a portion of executive compensation to carbon reduction targets, according to news reports.

National Grid, a power supplier in the United Kingdom and Northeast United States, will measure staff performance on emissions reductions as well as traditional performance benchmarks, according to Power Engineering.

National Grid gave a glimpse of its future strategy last April when it increased its target of reducing company-wide greenhouse gas emissions from 60 percent to 80 percent by 2050. At the time, National Grid’s chief executive, Steve Holliday, said, “Adopting carbon budgets and integrating them into our business performance process will encourage our employees to identify new ways to achieve the … reduction target, and ensure emissions reductions remain at the heart of our operational decision-making.”

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