Executive officials of the UK water company wandering in huge rewards, although these companies are the source of multiple wastewater spills Guardian.
What is happening?
Louise Bermor, CEO of UNITED UTILITIES, has a reward of 420,000 pounds ($ 54,417) in 2024, where she received its total annual compensation to 1.4 million pounds ($ 1.8 million). This is despite the company illegally pumping 140 million liters of raw wastewater In Windermere Lake in the famous Beheira region of the United Kingdom.
What’s more, UNITED UTILITIES was found to be the most polluted water company in the United Kingdom in 2023.
Birmour was very aware of the badness that appeared.
She said to the Environment, Food and Rural Affairs Committee Guardian.
“Two -thirds of my rewards are related to the results of customers and the environment. … Our performance is not good enough … We have one of the highest internal sewage floods throughout the country.”
Beardmore is not alone in claiming huge communications as well. Sever Trent Liv Garfield CEO received 3.2 million pounds ($ 4.1 million) in 2024, including a reward of 584,000 pounds (755,608 dollars). Meanwhile, Severn Trent was fined 2 million pounds ($ 2.6 million) to leak 260 million liters of wastewater in the Trint River.
However, Garfield remained defensive for her compensation, saying: “We were the best performance company in issues that customers are interested in more … on a full set of standards, we are a very good company.
Why is the executive compensation between polluted companies important?
Dill wastewater has significant effects on marine ecosystems. Winderrere hosted huge algae flowers as a result of dumping sewage, which suffocates another life by absorbing huge amounts of oxygen in the water. Algae also produces toxins that can be Harmful for people and animals.
Unless executive compensation is linked to the company’s environmental performance, there is a little incentive to stop harmful pollution activity.
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What is done about the executive compensation between polluted companies?
Fortunately, the British government presented New legislation This would allow the organization’s authority to prevent executives of pollution companies from receiving rewards.
Other sectors lead proactively on this front. The Tesco supermarket has managed to change its compensation structure in order to give priority to reduce food waste, for example.
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