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    ERIC B   SE0000108656

ERICSSON

(ERIC B)
  Report
Delayed Nasdaq Stockholm  -  11:29:32 2023-01-27 am EST
60.44 SEK   +0.40%
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01/25Ericsson announces changes to the Executive Team
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Activist investor Cevian urges inclusion of ESG targets in compensation plans

03/03/2021 | 03:35am EST

LONDON, March 3 (Reuters) - Swedish activist investor Cevian Capital urged on Wednesday that companies should include Environmental, Social, and Governance (ESG) targets in their management compensation plans.

Against a backdrop of growing public and political concerns about climate change and economic inequality, companies are under increasing pressure to show they are taking greater responsibility for how they generate their profits.

"Only a tiny share of companies meaningfully incorporate ESG targets into their incentive plans," said Christer Gardell, managing partner at Cevian Capital.

"To get away from ESG box checking and ensure that ESG considerations are truly embedded in corporate strategies, we need to incentivise management teams to embrace them."

Cevian Capital, which counts ABB, Ericsson and Thyssenkrup among its top holdings, asked companies to develop proposals to incorporate ESG targets into incentive plans in time for their annual general meetings in 2022. (Reporting by Thyagaraju Adinarayan; Editing by Dhara Ranasinghe)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
ABB LTD 0.31% 31.93 Delayed Quote.13.79%
ERICSSON 0.40% 60.44 Delayed Quote.-0.76%
THYSSENKRUPP AG 1.20% 7.564 Delayed Quote.32.79%
All news about ERICSSON
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More news
Analyst Recommendations on ERICSSON
More recommendations
Financials
Sales 2022 270 B 26 196 M 26 196 M
Net income 2022 20 125 M 1 950 M 1 950 M
Net cash 2022 19 854 M 1 924 M 1 924 M
P/E ratio 2022 10,2x
Yield 2022 4,19%
Capitalization 203 B 19 687 M 19 687 M
EV / Sales 2022 0,68x
EV / Sales 2023 0,61x
Nbr of Employees 105 529
Free-Float 89,3%
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Technical analysis trends ERICSSON
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 23
Last Close Price 60,44 SEK
Average target price 71,08 SEK
Spread / Average Target 17,6%
EPS Revisions
Managers and Directors
Erik B÷rje Ekholm President, Chief Executive Officer & Director
Carl Mellander CFO, Senior VP & Head-Group Function Finance
Ronnie Leten Chairman
Erik Ekudden Chief Technology Officer & Senior Vice President
Moti Gyamlani Senior VP & Head-Group Function Global Operations
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