A small proportion of oil CEO's bonus ESG targets are focused on emissions reduction

CEO's annual variable remuneration broken down into broad categories, 2021 annual reports (and Shell's Q1 2022 report)

All 'ESG' targets are environmental apart from 8% of TotalEnergies' target, which includes diversity. TotalEnergies' LTIP consitutes performance shares. In this category, all 'strategic' objectives as they are linked to the long-term business are classed as 'financial' unless they are environmental.
Source: Capital Monitor analysis of annul reports
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