Foosung Co Ltd

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Direct Lobbying Transparency

Overall Assessment	Comment	Score
Limited	Foosung Co Ltd offers only limited insight into its climate-policy lobbying. The company does identify one specific measure it has engaged on – “measures to ease the carryover restrictions of Emission Trading Scheme for phase 3” under the Korean Emissions Trading Scheme – demonstrating that it is at least willing to name a concrete policy. Beyond that single reference, however, no other climate-related bills or regulations are cited. The description of how the company lobbies is cursory; it merely states that it “suggests its opinion about characteristics of the industry and views to be reflected when implementing policies,” without clarifying whether this occurs through formal consultations, direct meetings, written submissions, or industry associations, and without naming the government bodies or officials it approaches. Finally, the disclosure touches only broadly on the outcome it seeks, noting that “it needs to improve K-ETS efficiently to accomplish the government’s emissions target,” but offers no detailed position, quantitative objective, or proposed amendment. Collectively, these gaps leave stakeholders with only a basic picture of the company’s lobbying activity, targets and desired outcomes.	1

Lobbying Governance

Overall Assessment	Comment	Score
Limited	Foosung Co Ltd discloses a high-level commitment "to conduct your engagement activities in line with the goals of the Paris Agreement" and explains that it has "made the strategic system to comply with Korea’s 2050 Carbon Neutral" while operating "a risk management process […] and immediate reports […] through the ESG team and environmental safety team" to keep external engagement consistent with its climate strategy. This indicates that some internal mechanism exists—reports flow to designated teams and the company recognises the need to align engagement with its greenhouse-gas reduction target—yet the disclosure stops short of detailing how lobbying positions are reviewed, whether trade-association advocacy is monitored, or which named individual or board committee ultimately oversees alignment. We found no evidence of a formalised audit of direct or indirect lobbying, no description of corrective actions with industry bodies, and no explicit board-level responsibility, so public information on its lobbying governance remains limited.	1