Eumedion focuses on climate reporting and executive remuneration in the 2021 AGM season
News · 13-10-2020
Climate reporting and executive remuneration are the two
Eumedion focus points for the 2021 AGM season. These topics tend to be
discussed in the dialogues Eumedion facilitates in the run-up to the 2021 general meetings, and occasionally also at the general meeting itself. Earlier
this week, the so-called Eumedion Focus Letter 2021 was sent to all Dutch listed companies.
Eumedion expects Dutch listed companies to align their climate reporting as
much as possible with the recommendations of the Task Force on Climate-related
Disclosures (TCFD) and of the European Commission. Eumedion also urges
companies to formulate ambitious greenhouse gas emission reduction targets and
to report clearly on the progress made in that respect. Furthermore, Eumedion encourages companies to
set a deadline for becoming a ‘carbon neutral’ company.
Eumedion also believes that executives should feel the
'pain' of the current corona crisis if the company is forced to apply for
government support, lay off employees or (significantly) reduce or cancel the
dividend pay-out. In such situations, Eumedion expects the supervisory board to
temporarily reduce the executives’fixed salary, cancel the 2020 annual bonus
and/or not grant (conditional) performance shares or options in 2021.