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Synchrony Financial has established a robust ESG governance process with board-level oversight: “Our Board delegates primary responsibility for more frequent and direct oversight of Synchrony’s ESG strategy and performance to our Nominating and Corporate Governance Committee (NCGC). The NCGC receives at least quarterly updates from management on ESG, including periodic discussions on climate-related matters.” The company also formalized roles with “a dedicated ESG leader and an ESG manager within the office of our General Counsel.” However, we found no evidence of any governance process specifically for lobbying activities or how the company ensures alignment of its direct or indirect lobbying with its climate-related or broader policy objectives.
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