Disclosure Requirement GOV-3 – Integration of sustainability-related performance in incentive schemes

27. The undertaking shall disclose information about the integration of its sustainability-related performance in incentive schemes.

28. The objective of this Disclosure Requirement is to provide an understanding of whether incentive schemes are offered to members of the administrative, management and supervisory bodies that are linked to sustainability matters.

29. The undertaking shall disclose the following information about the incentive schemes and remuneration policies linked to sustainability matters for members of the undertaking’s administrative, management and supervisory bodies, where they exist:

    • (a) a description of the key characteristics of the incentive schemes;

    • (b) whether performance is being assessed against specific sustainability-related targets and/or impacts, and if so, which ones;

    • (c) whether and how sustainability-related performance metrics are considered as performance benchmarks or included in remuneration policies;

    • (d) the proportion of variable remuneration dependent on sustainability-related targets and/or impacts; and

    • (e) the level in the undertaking at which the terms of incentive schemes are approved and updated.