ESG as a driver for strategic rewards. Enhancing ESG strategies through reward management: the case of collective bonuses
De Cooman, Sanne
De Cooman, Sanne
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Publication Year
2024
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Book
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Publication Number of pages
31
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Abstract
The corporate landscape increasingly focuses on sustainability, also driven by regulatory initiatives such as the Corporate Sustainability Reporting Directive. Collective bonuses, in turn, have been identified as an effective tool for aligning employee efforts with organisational goals, promoting a sense of shared purpose. As a consequence, they can also play a crucial role in the strategic embedding of sustainability. This white paper from the Centre for Excellence in Strategic Rewards explores the integration of ESG (Environmental, Social and Governance) indicators into collective incentive systems in Belgium under the framework provided by CLA 90, which allows tax-friendly collective bonuses when predefined goals are met. For this research, the centre made an inventory of Key Performance Indicators (linked to financial, environmental, social and governance) from CLA 90 agreements with a view of the legal and market dimensions of this incentive system.
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Keywords
Environmental Social Governance (ESG), Sustainability