MTN Group has linked the remuneration of senior executives with the Group’s environmental, social, and governance targets.
The variable elements of executive compensation – both short-term incentives and long-term incentives – now depend on progress of three ESG goals.“Effectively managing our environmental, social and governance impacts is critical to reaching Ambition 2025,” said MTN Group President and CEO Ralph Mupita in the Group’s recently released“We have made great progress overall and continually strive to meet the increasingly high standards our stakeholders demand regarding our ESG impact.
The company says it is committed to reducing scope 1, 2 and 3 emissions by 47% by 2030 and reaching Net Zero by 2040, achieving workforce gender equality by 2030, and extending rural broadband coverage to 95% by 2025.