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Corticeira Amorim provides virtually no transparency around its climate-related lobbying. Its disclosures do not name any specific climate policy, regulation, or piece of legislation it has tried to influence, nor does it even identify broad policy categories. The company likewise omits information about how it seeks to influence public policy; it refers only generally to participation in “initiatives and associations” without clarifying whether this involves meetings, letters, consultations, or other forms of direct or indirect lobbying, and without naming any governmental or legislative targets. Finally, the company offers no explanation of the policy changes or outcomes it hopes to achieve through its engagement. Because the disclosures lack identifiable policies, mechanisms, and objectives, the company leaves stakeholders without insight into its climate-policy lobbying activities.
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| Overall Assessment |
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Corticeira Amorim maintains a robust ESG governance structure, where “Corticeira Amorim’s Board of Directors, which includes the Chief Sustainability Officer (CSO), is responsible for promoting ESG topics in the business, and approve the strategic objectives and initiatives and priority actions,” with the Executive Committee overseeing sustainability matters, analyzing “the approach to ESG topics, and defines the goals, performance and review of the reporting” at least twice a year. It also states that “to ensure that Corticeira Amorim’s external engagement activities are consistent with its climate commitments, the Executive Committee (EC) … oversees the governance of ESG issues and ensures their integration into the business,” coordinating “external engagement activities … under a single management body, ensuring alignment and consistency.” However, we found no evidence of any governance processes specifically designed to manage or align the company’s lobbying activities—either direct advocacy or through trade associations—with its climate change strategy, nor any mention of dedicated monitoring procedures or a named individual or committee overseeing lobbying alignment.
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