MTN links executive pay to rural broadband and green energy goals

The MTN Group has linked the compensation of senior management with its environmental, social and governance (ESG) objectives.

The variable elements of executive compensation, including short-term and long-term incentives, now depend on progress on three ESG goals: achieving net zero, improving diversity and inclusion, and extending broadband in rural areas.

“Effectively managing our environmental, social and governance impacts is critical to achieving Ambition 2025,” said Ralph Mupita, CEO of MTN Group.

MTN noted that its Ambition 2025 strategy includes the strategic priority of “creating shared value”, with “ESG at the center”.

In March, the MTN Group’s 2021 results showed a 16% reduction in scope 1 and 2 greenhouse gas emissions, an increase in the representation of women across the Group to 39% and an increase to 83% in coverage. of rural broadband.

MTN has pledged to extend broadband coverage in rural areas to 95% by 2025.

It also wants to reduce Scope 1, 2 and 3 emissions by 47% by 2030, reach Net Zero by 2040, and achieve gender parity in the workforce by 2030.

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