RBC Incorporates Climate Priorities into Executive Incentive Compensation Plans

April 21, 2023

The Royal Bank of Canada announced that this year it will begin incorporating ESG considerations into incentive compensation plans for the bank’s CEO and other top executives. In particular, the bank plans to take ESG considerations into account as part of its mid-term incentive (MTI) and long-term incentive (LTI) programs for senior executives, according to the bank’s 2022 Climate Report released on March 6.

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