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B&M European Value Retail SA’s disclosures focus extensively on climate and ESG oversight but contain no reference to any internal process for governing lobbying activities. The company states that the “Board retains overall responsibility for climate governance and actions undertaken, which are integrated into our ESG strategy” and notes that “ESG, including climate change and associated initiatives, is now a standing agenda item at every scheduled Board meeting.” It describes “delegated executive responsibility for climate change to our CFO, Mike Schmidt” who will “oversee the assessment and reporting of our climate-related risks and opportunities” and explains that the Audit & Risk Committee, supported by Internal Audit and the General Counsel, is “responsible for monitoring risks and overseeing progress against goals and targets for addressing climate-related issues.” However, we found no evidence of any policy, sign-off, monitoring procedure, or named body that applies specifically to lobbying or political engagement, whether direct or through trade associations, and the company confirms that it has “No, and we do not plan to have one in the next two years” when asked about a public commitment to align its engagement with the goals of the Paris Agreement.
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