Amundi, Axa urge boardroom pay cuts for climate laggards

Link remuneration to carbon-emission goals and companies will get serious, say large investors

The chief executives of Europe’s largest asset manager, Amundi, and France’s biggest insurer, Axa, have demanded that companies link executive pay to efforts to reduce global warming.

“For the companies that we invest in, we expect a public net-zero strategy with a robust disclosure framework, a well-defined timeline and key milestones, including net zero [performance metrics] in the top management remuneration,” said Valérie Baudson, Amundi’s chief executive at a Bloomberg event on September