Mastercard Links Compensation for All Employees to ESG Goals
Mastercard will begin including achievement of the company’s ESG goals in the calculation of bonus pay for all employees.
The forecast covers emissions tied to 77% of its total assets at the end of September 2021, some $9.5 trillion, but excludes those such as municipal bonds for which there is currently no reliable data.
The new model will apply to employee bonus pay beginning this year, and will continue to focus on the key ESG focus areas of emissions, financial inclusion and the gender pay gap. According to Miebach, these factors were selected “because we have a substantial impact in these areas and because they closely align with our vision.”