Jun 11, 2024, 9:01 PM
Jun 11, 2024, 1:36 PM
Severn Trent CEO rewarded with £3.2m bonus despite pollution incidents
Subjective
- Severn Trent CEO Liv Garfield received a £3.2m bonus despite rising pollution incidents.
- The bonus came on top of her £799,600 base salary, sparking controversy amid the water industry crisis.
- The firm faced a £2m fine for spilling 260m litres of sewage into River Trent.
Severn Trent's CEO, Liv Garfield, received a £3.2 million pay package in the last financial year, including a £584,000 bonus, despite the company being fined £2 million for sewage spills. The number of sewage spills connected to Severn Trent rose by a third to 60,000 in 2023. Garfield's pay over the past five years totals almost £16 million. The water industry has faced criticism for pollution incidents and sewage spills. The company has asked regulators for a 35.7% bill hike over the next five years. Despite the challenges, Severn Trent received a four-star rating from the Environment Agency for its environmental performance.