How Companies are Incorporating Climate Change into Employee Pay and Benefits

  • 📰 CNBC
  • ⏱ Reading Time:
  • 34 sec. here
  • 9 min. at publisher
  • 📊 Quality Score:
  • News: 41%
  • Publisher: 72%

Business News

Climate Change,Employee Pay,Benefits

Companies are exploring the option of aligning employee pay and benefits with environmental concerns, including 'green perks' such as commuting benefits and employer support for home upgrades and EV purchases.

Though still on the margins of the labor market, the concept of "green perks" is being added to compensation packages and employee benefits.

But for most rank-and-file employees, benefit packages in recent decades have had essentially two main categories — health and retirement. Now there are indications that green benefit packages may become more common.

Early adopters among employers could benefit. "From our more direct experience in the benefits space, the lack of widespread implementation suggests a significant opportunity for companies to innovate and lead in this space," Schneider said. "By aligning employee benefits with environmental sustainability, companies not only address a talent demand but also more holistically support that talent," she said.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

SEC pauses rules ordering companies to disclose climate risks: 'Extremist climate mandate'Several business organizations had filed requests for pauses to the rule.
Source: mynbc15 - 🏆 262. / 63 Read more »

How 2 companies are taking different approaches to carbon capture as climate reports show rising temperatures2023 was confirmed as the hottest year on record and rising temperatures led to the loss of 1 million square kilometers of arctic ice​.
Source: CBSHealth - 🏆 480. / 51 Read more »

Big oil companies are failing on Paris climate goals, study findsA new report gives failing grades to the biggest oil companies in meeting climate goals.
Source: axios - 🏆 302. / 63 Read more »

World’s biggest oil and gas companies are nowhere near Paris climate goals: ReportThe world's 25 largest oil and gas companies are falling well short of meeting climate goals set under the Paris climate accord, according to a new report.
Source: dcexaminer - 🏆 6. / 94 Read more »

Proposal to hold fossil fuel companies responsible for climate change gains tractionLegal experts propose prosecuting fossil fuel companies for climate-related deaths. This move could reshape corporate accountability.
Source: IntEngineering - 🏆 287. / 63 Read more »

Bucks County sues major oil companies due to climate change crisisBucks County’s three elected commissioners believe Exxon Mobile, Chevron, BP, Shell, and others are to blame for deceiving the public about what they knew burning fossil fuels would do to the climate.
Source: FOX29philly - 🏆 570. / 51 Read more »