Trill Impact uses the same company-specific KPIs for its impact-linked carry as banks use for their financing – ‘in that way we also have an external eye and verification on the plan’.
With ESG performance being linked to the cost of debt, the attainment of carry and personal remuneration plans, how do you set robust KPIs and targets? George Weavil and Carys Clipper, lawyers from Travers Smith, give their opinion.