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. 

Relevant documents

2021 Focus Letter