Lobbying Governance
| Overall Assessment | Analysis | Score |
|---|---|---|
| Moderate |
Virgin Money UK PLC discloses a process to check that its policy-related external interactions support its climate aims, stating that "prior to a new engagement, we will undertake due diligence and then continually review alignment of priorities/ values… reviewing agendas, focus areas/ topics and expectations," which indicates a concrete mechanism for monitoring the content of engagements. Oversight is assigned at senior levels: "The Chief Executive Officer… has delegated responsibility to the Environment Committee to oversee the management of Environmental and Climate Change matters across the bank," and the company notes that "the VMUK board and Executive Leadership team play an instrumental role in leading our ESG strategy," showing that a formal body and named executives are accountable for the alignment process. The company also confirms a public commitment to keep engagement "in line with the goals of the Paris Agreement." However, the disclosure does not specify how the due-diligence process covers direct versus indirect lobbying activities, offers no detail on reviewing or acting on trade-association misalignment, and provides no evidence of a published lobbying alignment report or third-party audit. Consequently, while the company sets out a governance structure and a review mechanism, the depth and breadth of its lobbying-governance disclosures remain limited.
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C |