Final answer:
The statement is true; sustainable pay for links executive compensation to environmental, social, and governance performance targets. This links part of executive compensation to ESG performance, encouraging sustainable corporate practices similar to conservation incentive schemes.
Step-by-step explanation:
The statement that sustainable pay for links executive compensation to environmental, social, and governance performance targets is true.
This concept is part of a broader strategy often referred to as "ESG performance targets" which stands for Environmental, Social, and Governance.
These targets are increasingly being used as a measurement for executive compensation in an effort to promote sustainability and responsible corporate behavior.
For example, executives may have a portion of their bonus or pay linked to the company's performance on reducing carbon emissions, improving work practices, or enhancing corporate governance.
This is based on the recognition that long-term corporate success and sustainable development are interconnected.
Performance-based payments similar to the conservation approach in Cambodia for endangered bird species represent such incentives, although the latter is a more direct environmental conservation measure.