Shareholders will be shareholders and demand value. CEO performs to increase shareholder value regardless of any negative outcomes that won’t directly impact shareholders
Entirely predictable result of the narrow view of the CEO shareholder relationship.
It doesn’t sound like it is about shareholder value here. They can’t find enough carbon credit programs that meet their internal quality requirements and they are trying to actually not greenwash, so rather than go with a quantity of low quality carbon credits, they scrapped the program altogether.
I view this as more of an indictment of carbon credits than anything.
>It doesn’t sound like it is about shareholder value here. They can’t find enough carbon credit programs that meet their internal quality requirements and they are trying to actually not greenwash
That's just not accurate. This is the CEO who basically cut all of their plans around renewables.
I don't think it's particularly surprising that a company would try, fail, and move on from a market segment where they don't have first mover advantage and are playing catch up in an already fast moving industry. The only thing they would really have to contribute is a financial play and I can't say, "all these renewable energy companies are actually owned by oil companies" is an incentive structure I like.
Entirely predictable result of the narrow view of the CEO shareholder relationship.