Mastercard is linking all employee bonuses to the company's environmental, social and corporate-governance (ESG) performance.
Last year, the card giant introduced a model for senior executives that saw their bonuses determined in part by the company’s performance on three ESG priorities: carbon neutrality, financial inclusion and gender pay parity. The goals were either met or exceeded.
Now, the firm is extending the model to its annual corporate score and all employees globally. The corporate score rewards employees for going "above and beyond to deliver strong results for the company".
Says Mastercard CEO Michael Miebach: "While our global efforts go much broader and deeper, we’re tying compensation to emissions, financial inclusion and the gender pay gap because we have a substantial impact in these areas and because they closely align with our vision."