The newspaper reported that at a debate on whether big business has lost the confidence of the public, Laidlaw said he had decided to give up his bonus.
Laidlaw said: "Bonuses are independently set by our remuneration committee but in this environment there is a case for leadership.
"To continue in this world, when clearly households are under pressure, and assume that it is ‘business as normal’, I think, isn’t the way thoughtful remuneration committees think about this."
It is unclear how much of a possible £3.5 million Laidlaw intends to give up.
Have you registered with us yet?
Register now to enjoy more articles and free email bulletinsRegister