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Shell ties bonuses to emissions management, free cashflow
March 9, 2017 / 8:04 AM / 8 months ago

Shell ties bonuses to emissions management, free cashflow

LONDON (Reuters) - Royal Dutch Shell (RDSa.L) directors will from this year be rewarded depending on how well the company manages its greenhouse gas emissions and how much free cashflow it generates, it said on Thursday.

Filled oil drums are seen at Royal Dutch Shell Plc's lubricants blending plant in the town of Torzhok, north-west of Tver, November 7, 2014. REUTERS/Sergei Karpukhin/File Photo

Ten percent of directors’ bonuses will be calculated according to the management of emissions such as methane and carbon dioxide from its refining, chemical and upstream assets, Shell said.

Chief Executive Ben van Beurden spoke of the plans in December.

Free cashflow will also replace the earnings per share measure in directors’ long-term incentive plans, Shell said, as it has embarked on a $30 billion divestment drive to pay down debt that has reached new highs following the BG Group acquisition.

Reporting by Karolin Schaps; editing by Susan Thomas

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