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| Overall Assessment |
Comment |
Score |
| Moderate |
Remgro Ltd offers a moderate level of transparency on its climate-related lobbying. It identifies two specific pieces of South African legislation it has engaged on: “Schedule 2 of the Electricity Regulation Act, 2006” concerning renewable-energy grid access and the national “draft bill on carbon tax.” The company describes how it lobbies these measures, noting that “Remgro management met directly with Eskom and the National Energy Regulator of South Africa (NERSA) in order to clarify the requirements to obtain an electricity trading license” and that it submitted “commentary and inputs to the draft bill on carbon tax,” thereby disclosing at least two concrete mechanisms and clearly named targets. Remgro also explains what it hopes to achieve: it seeks amendments to “the licensing exemption and registration requirements for trading, generation, transmission and distribution of electricity in terms of the ERA” and it declares its “support with no exceptions” for the carbon-tax legislation, saying this would “incentivise industry for playing a proactive role in reducing fossil fuel-based energy.” While the company does not go beyond these two policies or provide detailed quantitative targets, the information supplied gives a clear picture of why and how it lobbies and the outcomes it is pursuing.
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2
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| Overall Assessment |
Comment |
Score |
| Limited |
Remgro provides only limited insight into how it governs its climate-related lobbying. It notes that "Remgro and its subsidiaries are represented by various business unit representatives who engage with Government, Regulators, Industry Bodies and Business Partners on policy issues impacting the business including climate change" and that these representatives "meet on a regular basis with their associations to debate and give recommendations" while "Feedback on issues is reported as per the Remgro Risk Management policy." This shows the existence of a basic internal reporting channel aimed at keeping engagement activities consistent with broader climate objectives. However, beyond this statement of practice the disclosures do not set out a formal review, monitoring or escalation procedure for ensuring that direct or trade-association lobbying is aligned with the company’s climate strategy. Although the company highlights that its "Strategic ESG Committee, a Board sub-committee established in 2021, continues to provide oversight and guidance to the Board regarding all matters related to ESG," there is no explicit reference to this body (or any named individual) reviewing or approving lobbying positions, nor any mention of conducting alignment assessments, engaging with misaligned associations, or publishing an audit of its policy advocacy. The only example of climate engagement provided – "Commentary and inputs to the draft bill on carbon tax was provided outlining the negative impact of this tax on industry" – illustrates that lobbying takes place but does not reveal how it is governed. Overall, the company discloses a promise to report lobbying feedback through risk-management processes, yet it does not disclose a structured governance framework, oversight authority or monitoring mechanism specific to lobbying alignment, indicating a limited level of transparency and control in this area.
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1
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