Concrete

HeidelbergCement details CO2 reduction incentives for managers

Published

on

Shares

HeidelbergCement has detailed how it uses bonuses to ensure country and cement plant managers achieve their CO2 reduction targets. Chief financial officer Lorenz N?ger explained to financial analysts following the publication of the group?? fourth quarter results for 2020, that a plant?? annual reduction target is calculated against the group-wide ??25 by 2025??target of CO2 emissions of 525kg/t of cementitious material by 2025. Plant performance against this is multiplied with a financial target to determine a manager?? bonus. This enables for the enlargement of bonuses at financially well-performing plants which exceed their emissions reduction targets. A similar mechanism is also used for country managers. N?ger called the incentive mechanism a ??tep-changer.??/p>

Leave a Reply

Your email address will not be published. Required fields are marked *

Trending News

© COPYRIGHT 2024 ASAPP Info Global Services Pvt. Ltd. All Right Reserved.