Palo Alto Networks Inc – Lobbying Governance & Transparency

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Lobbying Governance

Overall Assessment	Analysis	Score
Moderate	Palo Alto Networks has publicly committed to conduct its engagement “in line with the goals of the Paris Agreement” and indicates that it “uses our SBTs and 100% renewable energy goal to engage directly with policy makers” and trade associations that advance its climate goals, expressly noting that it “does not have relationships with the Chamber of Commerce or Business Roundtable” to avoid misalignment with its science-based targets. This shows an effort to align both its direct advocacy and its indirect lobbying through associations with its climate strategy. However, the company does not disclose a formal governance structure for these activities—there is no mention of a review process, board sign-off, or monitoring procedure for lobbying, nor does it name a specific individual or committee responsible for overseeing alignment—indicating limited transparency around its lobbying governance. View Sources	C

Overall Assessment

Analysis

Score

Moderate

Palo Alto Networks has publicly committed to conduct its engagement “in line with the goals of the Paris Agreement” and indicates that it “uses our SBTs and 100% renewable energy goal to engage directly with policy makers” and trade associations that advance its climate goals, expressly noting that it “does not have relationships with the Chamber of Commerce or Business Roundtable” to avoid misalignment with its science-based targets. This shows an effort to align both its direct advocacy and its indirect lobbying through associations with its climate strategy. However, the company does not disclose a formal governance structure for these activities—there is no mention of a review process, board sign-off, or monitoring procedure for lobbying, nor does it name a specific individual or committee responsible for overseeing alignment—indicating limited transparency around its lobbying governance.

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Lobbying Transparency

Overall Assessment	Analysis	Score
Comprehensive	Palo Alto Networks discloses clear details on the climate policies it lobbies, naming “mandatory climate-related reporting” efforts at the international (UK reporting), federal (SEC reporting), and state (California SB 260) levels. It describes its lobbying mechanisms in detail, such as “meetings with state and federal policy makers,” signing coalition letters like the Ceres “Transparency in Reporting” letter and WEF Climate’s “Alliance for CEO Letter,” and working through trade associations (ISS, WEF Climate, The Climate Pledge, GreenBiz Executive Network). The company specifies its targets of engagement—state and federal policymakers, leading NGOs such as Ceres, ITI, and the Silicon Valley Leadership Group—and outlines the outcomes it seeks, namely the passage of these mandatory reporting requirements, reflecting its aim to advance climate-related disclosure across jurisdictions.	A