Lobbying Governance
| Overall Assessment | Analysis | Score |
|---|---|---|
| Limited |
PNB Housing Finance Ltd discloses a basic governance framework for its lobbying activities through its "Policy on Responsible Advocacy," which sets forth "necessary guidelines to be followed by all employees, relevant contractors engaged by PNBHFL and all partners & associates in all advocacy activities" and defines "Authorized Representatives" as the company’s "Managing Director & Chief Executive Officer (MD & CEO) and/or the Senior Management" to conduct interactions with government and regulators. The policy also commits that "The Policy shall be reviewed annually or as and when required, whichever is earlier," indicating a periodic oversight mechanism. However, the company does not disclose any procedures or criteria to ensure that its direct or indirect lobbying is aligned with its climate or ESG objectives, nor does it identify a specific individual or committee responsible for climate-related lobbying oversight or describe any process for engaging with industry associations whose positions might conflict with its climate agenda. While an ESG governance structure is described—highlighting oversight by the "Risk Management Committee of the Board" and roles for its "Core ESG Team"—we found no evidence that these bodies have any mandate for governing the company’s policy advocacy in relation to climate policy.
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D |