Environmental, social and governance (ESG)-linked remuneration is gaining momentum. Findings from an IESE Business School study, in 2023, revealed the number of companies with ESG-linked pay had increased from 1% in 2011, to over 38% in 2021. A similar study by the London Business School (LBS) found 45% of FTSE firms have now integrated ESG in remuneration key performance indicators (KPIs). The intent is admirable, but the outcomes are unlikely to be.
Sustainability and alignment are at the core of FSSA Investment Managers’ investment philosophy, but they have generally not embraced ESG-linked remuneration. This has often required an explanation to investee companies and clients. In this session, Investment Analyst Angus Sandison will use real-life case studies to illustrate the pitfalls of ESG metrics in remuneration KPIs, the nuanced instances where it could make sense, and look at what the alternative could be for companies.
This session covered:
Who was this event open to?
This event was open to asset owners such as pension fund trustees and in-house executives, independent investment advisers, professional trustees, professional bodies and consultants.
Sponsor
Speaker
Angus Sandison, Investment Analyst , FSSA Investment Managers
Angus Sandison is an Investment Analyst at FSSA Investment Managers, part of First Sentier Investors. He joined FSSA Investment Managers as a graduate in 2019 and is responsible for providing support to the portfolio managers, covering Asia Pacific equities. He is also has a particular interest in responsible investment.
Angus holds a Master of Arts degree in Politics from the University of Edinburgh.
Host
Monique Stephens, Consultant, Pensions for Purpose
Monique is a consultant and works alongside the team to host events for members of the Pensions for Purpose Community.
She has over 27 years’ experience working in asset management, with UK institutional investors, including pension schemes, corporates and professional trustee relationships. Her career included time at Schroders, Fidelity International Invesco and more latterly J.P. Morgan Asset Management which she left last year to pursue her outside interests.
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