GECN ESG Report 2023 now available – download your free copy

July 26, 2023

MM&K, with the GECN group, has published annual research on how the world’s largest firms use ESG (environmental, social, governance) metrics to incentivise their executives. We are pleased to share our 2023 report on the dramatic shifts in the ESG sphere.

Download your free copy

Our report comes in the wake of the upheavals of COVID and issues highlighted by the war in Ukraine, finding that ESG has not been cast aside, but has only grown in importance. The UK and Europe lead the world in ESG: in the FTSE100, an enviable 87% of firms feature ESG, marking a growth of 21% since 2019.

Read our other articles discussing some of the results:

Sharp increase in environmental metrics reported across the globe.  Environmental metrics saw a staggering rise, with every region reporting an increase propelled in large part by metrics for greenhouse gases. Full article.

Diversity and Inclusion remains a priority for businesses.  Social metrics continued as the most prevalent category featuring in 72% of global plans, propped by diversity metrics which were seen in 60% of plans after considerable growth from the previous year. Full article.

Most bonuses paying above their targets.  Most ESG metrics in bonuses are paying above their targets, perhaps putting the stringency of these goals into question; a full 71% of metrics in the UK pay above target. Full article.

ESG becoming more important in long term incentives.  ESG presence in long term incentive plans is now greater than ever, perhaps marking an increased commitment to ESG which is historically at home in short term rewards. Full article.

Community metrics a low priority for FTSE100 and other large global firms.  Community metrics lagged far behind other factors, with only 1 in 8 FTSE100 firms featuring these metrics, less than half than the next least-prevalent Health & Safety metric. Full article.

This is the comprehensive guide to ESG in firms from the:

  • FTSE100
  • S&P100
  • ASX100
  • DAX30
  • CAC40
  • TSX60
  • JSE TOP40
  • SMI20
  • STI30.

Download the full report here

Further MM&K reports and research can be found here. Or for further information please contact James Sharp.

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