PayPal Holdings Inc

Lobbying Governance

AI Extracted Evidence Snippet Source

Describe the process(es) your organization has in place to ensure that your engagement activities are consistent with your overall climate change strategy[…]PayPal has employed an integrated approach to its enterprise-wide ESG strategy, which includes climate change. This strategy is implemented by ESG and Environmental Working Groups to drive initiative development and execution. Members of the Environmental Working Group include representatives from Government Relations, Legal, Communications, Sourcing, Real Estate & Facilities, Data Center Operations, Environmental Health and Safety, and other groups. The ESG and Environmental Working Groups receive guidance and direction from members of the ESG Steering Committee, such as the Head of Government Relations and leaders from Legal, Investor Relations, Sourcing, Technology, Risk and Platforms Governance, Corporate Affairs, and others are members. This Committee reviews the overall ESG strategy for the company. This structure helps ensure that any public policy engagement activities are discussed and aligned across leadership and the relevant entities at PayPal. Lastly, we maintain a small cohort of individuals that are permitted to engage on policy activities that are directly involved with our ESG framework and Environmental Sustainability program.

CDP Questionnaire Response 2022

Does your organization have a public commitment or position statement to conduct your engagement activities in line with the goals of the Paris Agreement?[…]Yes

CDP Questionnaire Response 2023

Describe the process(es) your organization has in place to ensure that your external engagement activities are consistent with your climate commitments and/or climate transition plan?[…]PayPal has employed an integrated approach to its enterprise-wide ESG strategy, which includes understanding and managing our climate-related risks and opportunities. This strategy is implemented by the ESG and Environmental Working Groups which drive initiative development and execution. Members of the Environmental Working Group include representatives from Government Relations, Legal, Communications, Sourcing, Real Estate & Facilities, Data Center Operations, Environmental Health and Safety, and other groups. The ESG Steering Committee, consisting of multi-functional senior leaders across PayPal, provides strategic direction and leadership for the continued development of our ESG strategy. The ESG Steering Committee oversees program implementation through the ESG and Environmental Working Groups. Representatives from the ESG Steering Committee update members of PayPal's senior management on relevant environmental matters based on reports from the ESG and Environmental Working Groups. This structure helps ensure that our public policy engagement activities are discussed and aligned across leadership and the relevant entities at PayPal. Lastly, we maintain a small cohort of individuals that are permitted to engage on policy activities that are directly involved with our ESG framework and Environmental Sustainability program.

CDP Questionnaire Response 2023