Energy giant AGL links executive pay to carbon reduction targets

Energy giant AGL says it's taking a major step for a cleaner future by linking executive pay to reductions in carbon emissions. 

The move makes AGL for first top 50 company to make such a commitment as it prepares to phase out old coal-fired power stations. 

But the Australasian Centre for Corporate Responsibility says AGL's plan "lacks any substantive new commitment". 

Peter Ryan with this analysis.