A new report “Plastics – Executive Compensation”, analysing the pay-performance plans of 39 leading plastic players, including ExxonMobil, Saudi Aramco, Costco and Mars finds that the industry is failing to tie executive pay to environmental, social and governance (ESG) performance, despite facing one of the longest risk registers of any sector.

The ‘Breakthrough Agenda’ Report (2023) provides a valuable insight into the low-carbon transition pathway for the global agricultural sector. It is not a comforting read. The sector’s progress report ranks each measure as either showing minimal or modest progress. But the good news is that financial instruments, such as a deforestation-linked sovereign bond, could help deliver a faster transition.

As negotiations for a Global Plastic Treaty are soon to enter their third round, the UN is providing the opportunity for sovereign states to tackle the global plastic pollution crisis. The Zero Draft option paper quite rightly includes a reduction in fossil-based plastic as part of the solution.

We are so proud that Planet Tracker’s CEO, Robin Millington, has been awarded Sustainable Business Leader of the Year, Global, by the Environmental Finance Sustainable Company Awards judges.

A new analysis of German multinational pharmaceutical and biotechnology company Bayer finds that the company shows extremely modest plans to reduce its Scope 3 emissions, despite thes accounting for over three quarters of its emissions. Although the company is committed to ambitious climate targets, including to become Net Zero by 2050 across its entire value chain, there is no roadmap for investors to show how it will achieve this.

Planet Tracker finds life science giant Bayer is on track for a +3ºC climate scenario by 2030, relying on unproven technologies including carbon capture and alternative fuels to meet targets.

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