NAB chairman Phil Chronican is “open and attracted” to the idea of linking banker bonuses to climate-related targets, so long as reliable and robust measurements can be found.
Some of National Australia Bank’s international investors had been asking whether NAB might follow the lead of Barclays and NatWest in Britain, which have linked long-term banker pay to hitting climate goals, he said.
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James Eyers writes on banking, payments and fintech. He is a former legal and investment banking editor at the AFR, has degrees in commerce and law from UNSW, and is co-author of Buy now, pay later: The extraordinary story of Afterpay Connect with James on Twitter. Email James at jeyers@afr.com.au
