Levi Strauss details plans to integrate climate transition into financial planning
Apparel company Levi Strauss plans to expand climate-related executive incentives and integrate sustainability metrics into capital expenditure decision-making as part of its climate transition plan.
In its inaugural climate transition plan, published this week, the denim brand explains that the compensation of members of its global sustainability team is already tied to the progress of specific goals, such as operational and supply chain greenhouse gas emissions reduction and renewable energy procurement targets.
But in the long-term, the company plans to expand this sustainability-linked incentive plan to other members of the executive team, linking executive remuneration to “climate and transition plan-related considerations relevant to their function and responsibilities in the organisation”.
