22:01:47 EDT Sun 19 May 2024
Enter Symbol
or Name
USA
CA



Teck Resources Ltd
Symbol TECK
Shares Issued 513,313,506
Close 2023-07-14 C$ 54.90
Market Cap C$ 28,180,911,479
Recent Sedar Documents

Globe says Teck, Suncor get specific on ESG awards

2023-07-17 08:51 ET - In the News

Also In the News (C-SU) Suncor Energy Inc

The Globe and Mail reports in its Monday edition that a growing number of Canada's largest public companies are using climate or social responsibility goals in their executive compensation plans -- although those that do are giving those metrics minimal weight in pay packages. The Globe's David Milstead writes that chief executive officers at 100 of the largest Canadian companies listed on the Toronto Stock Exchange received a median of just under $8.6-million in 2022. While many shareholders are looking for a stronger link between those paycheques and environmental, social and governance (ESG) measures, it is unlikely top executives will immediately take a big hit in their pay if their companies fall short. At many companies the ESG goals are opaque: They disclose that ESG is part of the "qualitative" evaluation that makes up a minority of an executive's bonus, and offer little more by way of specifics. Some companies, including Suncor and Teck Resources, are laying out the numbers behind specific goals, or even creating special stock awards that only pay out if climate and sustainability goals are met. Still, even at companies leading the trend, only a small piece of an executive's paycheque is based on ESG goals.

© 2024 Canjex Publishing Ltd. All rights reserved.