JBS USA’s Latest Food Manufacturer to Link Environmental Performance Goals to Executive Salary

 

Bollyinside

2021-07-15

 

The JBS USA report offered no details in terms of the company’s efforts to tie compensation to meeting certain environmental goals, and a spokesperson did not respond to a request for comment. But the fact that the meat processor is taking this step speaks to the growing importance of sustainability to consumers. Dive Insight:

 

A recent report from Willis Towers Watson found 51% of S&P 500 companies use ESG metrics in their incentive plans, with 50% including it in annual incentive programs. In a separate report, Perillon highlighted 17 major companies linking ESG performance to executive pay, including PepsiCo, Unilever and Danone.  Consumers are spending more on products that make a sustainability claim, according to a report from IRI and the NYU Stern Center for Sustainable Business. Even at the start of the pandemic, dollar sales of sustainability-marketed products jumped 56% during the week ending March 15, 2020, thanks to millennials, college-educated and higher-income urban buyers. And 78% of consumers believe companies can do more to explain how their products affect the environment, according to a survey from Kearney...

 

... JBS is no stranger to sustainability initiatives with a financial component. Its majority-owned Pilgrim’s Pride unit announced earlier this year a $1 billion sustainability-linked bond tied to the company’s Sustainability Performance Target (SPT) of reducing its greenhouse gas emissions by 30% by 2030...

 

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