New analysis of Company House records has revealed the country’s water industry paid out a staggering £10 million in executive salaries last year, the highest on record.
Severn Trent Water has rewarded its 2 executives with a staggering £1,237,100 in base pay, bonuses and pensions. This is despite the firm pumping raw sewage into the local area, including into the River Severn upstream of Bewdley and Stourport.
Since 2020, executives at the water firm have paid themselves £15,096,700 in pay and perks.
The local Liberal Democrats have called for a ban on all CEO bonuses within the water industry, as well as the firms to be reformed as “public public companies”. The reforms would put an end to profit before the environment and ensure their boards including environmental experts.
Liberal Democrat candidate for the Wyre Forest, Shazu Miah said:
“Our local waterways are being pumped full of raw disgusting sewage, all whilst the water firm hand themselves insulting pay-outs. The whole thing stinks. These salaries and perks have reached eye-watering levels, yet Conservative Ministers refuse to act."
“This country’s water industry has become a gravy train where sewage and money flows freely. This is a scandal and happening on this government’s watch."
“These bonuses and perks need to be banned as long as the sewage scandal continues. Bonuses should be a reward for success, not committing environmental crimes.”
We are calling for meaningful action to reverse the decline in our natural environment, by: