Executive pay tied to environmental goals
The top 10 officials at National Grid forfeit 5 percent of their "at-risk" pay if they don't meet annual carbon-reduction targets, which are aimed at cutting 80 percent of the company's 1995 carbon footprint by 2050, said Tom King (right), president of the utility's US operations.
To aid the effort, National Grid keeps an inventory of the pollution produced by the company's buildings, its vehicles, and the transmission lines it operates. The numbers, King said, help executives make sound business decisions.
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