wtw-气候变迁高管薪酬指南（英）-2021.11-34正式版.docx

WjORlOECONOMICFQRUMHowtoSetUpEffectiveClimateGovernanceonCorporateBoardsGuidingprinciplesandquestionsExecutiveCompensationGuidebookforClimateTransitionIncollaborationwithWorldEconomicForum,sPrinciplesforEffectiveClimateGovernanceWiH2021WilteTOWef8Watson.A11QhtsreservedClimate<CGovernanceInitiativeWillislbwersWatsonllllll>lSupportingchaptersChapterZero Brussels , Drdors'Ornate ForwnChapterZero Canada Tb Dirwctoa Cimt FoornAustralianInstituteofCompanyDirectorsChapterZeroBrazilhIBGCClwnateForumChapterZero ChileThpDirKionrClmatFFanjmChapterZeroFrance1.eRxumCtorwtCJeSAdrWiiSIraleUrS©ClimateGovernanceInitiativeGermanyClimate Guviknknle malariaChapterZero Poland T>w Dmlcn'CimetsRvunriChapterZeroMdxicoIntcistivadaGoberwvaCimMca* CLIMATE GOVERNANCE INITIATIVE RUSSIANACDChapterZeroSwitzerlandTheDirectors,CfinateForumChapterZeroTnDiwctors'CHrrMFortIndustry deep-divesW<1 >Business,investorandIBestpracticesindrivingclimateMarketinsights:Climatemetricsinregulatorycontextobjectiveswithexecutivempensationexecutiveincentiveplans02021WillisTowersWatson.Allrightsreserved-ProprietaryandConfidential.ForWilfcSTowersWatscnandWiifcsTowersWatsonc*entuseonly.AboutthisguidebookAsorganizationsacknowledgetheneedtotransitiontoanetzerobusinessmodel,investorsexpectboardmembersnotonlytodrivetheadoptionofacredibleclimatetransitionstrategy,butalsotoprovideclearevidencethatitsexecutionhasbeenembeddedeffectivelyacrossallkeymanagementprocesses,includingenterpriseriskmanagement,strategicplanning,innovation,capitalinvestmentandhumancapital.Onecriticalleverisformanagementtobeheldaccountableforthedeliveryofthestrategyand,whereappropriate,thecapturingofopportunitiesinclimatetransition.WillisTowersWatson,partneringwiththeClimateGovernanceInitiative,hasdevelopedthisguidebooktoexplorehowtodrivetheclimatestrategybymeaningfullyembeddingitwithinexecutivecompensationframeworks.Ourworkisinformedbyfindingsofsurveysandinterviewswithinvestorsandboardmembersfromorganizationsacrosstheglobe.Executivesummary.compensation12Marketinsights:Climatemetricsinexecutiveincentiveplans23Industrydeep-divesEndnotesTableofcontentsBusiness,investorandregulatorycontextBestpracticesindrivingclimateobjectiveswithexecutiveThisguidebookissetupasaninteractivePDF.Eachofthesectionsmaybeaccessedbyclickingonthelinksbelow.Forexample,tojumptoourviewson“effectiveexecutivecompensationdesign；'simplyclickonthebanneratthebottomofthepage.DeepdivesonselectindustriescanbeaccessedattheendofuMarketinsights"section.Simplyclickontheindustryonpage29,andthiswilltakeyoutoindustry-specificobservationsonhowtheindustryrelatestoclimatechangeatahighlevel,wherecompanieswithintheindustryareiritermsofincorporatingclimateintotheirexecutiveincentiveframeworks,commonchallenges,aswellasleading-companyexamples.Business,investorandregulatorycontextBestpracticesindrivingclimateobjectiveswithexecutivecompensationMarketinsights:ClimatemetricsinexecutiveincentiveplansIndustrydeep-diveswiN心2OWillisTowersWats.Allnghtsreserved.ProprietaryandConfidential.ForWilbsToWerSWatsonandWilteTowersWatsonCfcentuseonly.TheWorldEconomicForumPrinciplesforEffectiveClimateGovernanceIn2019,theWorldEconomicForumunveiledthePrinciplesforEffectiveClimateGovernanceforo-executiveboarddirectors.Theseprinciplessetouthowwell-governedboardsshouldincorporateaclimatelensintoallrelevantaspectsoftheiroversightfunctions.Oftheeightprinciples,Principle6focusesonincentivization.1Withinthisarea,executivecompensationisidentifiedasoneofthekeymechanismsthatdrivetherightbehaviorsandenablethecompanytodeliveronitsclimatetransitionstrategy.CLIMATEACUNTABILYSUeJECTCOMMANDSTRATEGICINTEGRATION*ooIC0M>MC*QUMBOARDSTRUCTUREMaterimityASSESSMENTHowtoSetUpEffectiveClimateGovernanceonCorporateBoardsGuidingprinciplesandquestionsPrinciple6-IncentivizationTheboardshouldensurethatexecutiveincentivesarealignedtopromotethelong-termprosperityofthecompany.TheboardmaywanttoconsiderincludingClimate-relatedtargetsandindicatorsintheirexecutiveincentiveschemes,whereappropriate.Inmarketswhereitiscommonplacetoextendvariableincentivestonon-executivedirectors,asimilarapproachcanbeconsidered.Business,investorandregulatorycontextBestpracticesindrivingclimateobjectiveswithexecutivempensationMarketinsights:ClimatemetricsinexecutiveincentiveplansIndustrydeep-dives<3>wiH©2021WilllsTowersWatson.AJIghtsreserved.ProprietaryandConfidential.ForWdksTowersWatsonandVlksTowersWatsonckentuseonly.Don,tsManage annual reports, executive compensation disclosures and ESG/climate reporting in silosUse judgment-based or ambiguous clim