Today, shareholders will vote on a shareholder proposal at Cummins’ Annual General Meeting asking the Company to disclose a plan linking its CEO pay to the Company’s GHG emission reduction goals. Cummins, a global engine and power equipment manufacturer, is ranked among the highest emitters in the transportation sector. The proposal was filed by shareholder representative As You Sow.
Read MoreShareholder representative As You Sow today released its 2024 “Pay for Climate Performance: Linking CEO Compensation to Emissions Reduction” report, grading 100 of the largest U.S. companies on their CEO climate-related pay incentives and their ability to drive greenhouse gas emission reductions. The report finds that while pay incentives can be powerful motivators, they need to be quantifiable, significant, and linked to robust climate goals.
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