Mastercard is integrating its employee bonus structure with the company’s performance in environmental, social, and corporate governance (ESG) initiatives.
Last year, the financial powerhouse established a bonus framework for senior executives that linked their compensation to the company’s achievements in three key ESG areas: carbon neutrality, financial inclusion, and gender pay parity. These objectives were successfully met or surpassed.
Now, Mastercard plans to expand this approach across its entire organization, applying it to the annual corporate score that incentivizes all employees worldwide for exceptional contributions that drive favorable outcomes for the company.
CEO Michael Miebach stated, “While our global initiatives are comprehensive, we are specifically aligning compensation with our performance in emissions reduction, financial inclusion, and closing the gender pay gap. These focus areas not only reflect our significant impact but also resonate closely with our overarching vision.”