BMW says its executive pay will be tied to meeting strict targets aimed at lowering the luxury carmaker's carbon emissions.
BMW executives can now save the planet and their paycheques at the same time. MUNICH, GERMANY -- German giant BMW on Monday said executive pay would in future be tied to meeting strict targets aimed at lowering the luxury carmaker's carbon emissions.
He did not go into details about how the climate goals would affect pay, saying only that they would have a noticeable impact. Zipse said the group aimed to sell seven million electric or hybrid vehicles by 2030, up from 500,000 sold by the end of 2019. As part of its climate push, Zipse said BMW aimed to make a vehicle's "entire lifecycle" more environmentally sustainable, from supply chains to production to how the car performs on the road, with the goal of slashing emissions per car "by at least one-third" by 2030.
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