Lobbying Governance
| Overall Assessment | Analysis | Score |
|---|---|---|
| Moderate |
Labcorp has established a formal governance process for its advocacy activities with oversight provided by its Board of Directors and its ESG Steering Committee, which comprises cross-functional leadership. The company explains that “the Labcorp Board of Directors has principal responsibility for oversight of ESG topics, including environmental, social, human capital management, and governance, and delegates targeted oversight of specific areas of focus to its standing committees,” and that through this oversight, the Board “is able to identify and mitigate any potential conflicts between advocacy efforts and our climate change strategy.” Furthermore, it states that “our ESG Steering Committee meets regularly to examine our operations as they relate to the environment, employee health and safety, corporate social responsibility, corporate governance and relevant public policy issues,” during which committee members “recommend policies, practices and disclosures that correspond with our strategy.” However, the company does not disclose any specific mechanism for reviewing or aligning its trade association memberships or the policy positions of external bodies, nor does it plan to publish a commitment to the goals of the Paris Agreement, noting “No, and we do not plan to have one in the next two years.” This indicates that while Labcorp has named governance bodies and a regular review process for public policy engagement, it lacks dedicated processes for targeted climate-lobbying alignment and indirect lobbying oversight.
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