Diageo scraps responsible drinking and diversity targets
UKPulse Money Desk
Diageo has announced it will no longer link long-term incentives for its leadership team to environmental, social, and governance (ESG) targets.
- Diageo has removed responsible drinking and diversity targets from long-term incentives.
- The change affects incentives for CEO Dave Lewis and his team.
- Bosses will now focus on profits.
Diageo has decided to scrap its responsible drinking and diversity targets as part of the long-term incentives for its leadership. The move means that bonuses for CEO Dave Lewis and his team will no longer be connected to environmental, social, and governance (ESG) objectives.
The company's bosses are reportedly shifting their focus towards profits.