London Stock Exchange Group PLC

Lobbying Governance

AI Extracted Evidence Snippet Source

The LSEG Board has ultimate oversight of the organisation's sustainability strategy, including its management of climate-related risks and opportunities, ensuring the long-term success of the Company and that stakeholders' expectations are understood and met. Sustainability, including climate, is considered by the Board at least twice a year. Topics covered will vary but include both our sustainable finance and investment products and services as well as our progress against our near-term science-based targets across our operations and supply chain. In 2022, the Board discussed sustainability on three separate occasions. [...] The Board Risk Committee has oversight of the Group's Risk Framework and risk appetite. Sustainability risks, including, those related to climate change, are embedded in and raised through this forum. In 2022, the Board Risk Committee held a session on sustainability risk and the Audit Committee held a session on regulatory reporting requirements relating to climate.

https://www.lseg.com/content/dam/lseg/en_us/documents/sustainability/climate-report-2022.pdf

The Group Sustainability Committee coordinates activities across the Group, partnering with all business areas to ensure consistency of engagement and approach with both internal and external stakeholders. The Sustainability Committee also ensure coordination with the Group Regulatory Strategy and Government Relations team, who are represented on the Committee via the relevant Executive Committee member. [...] All Government Relations and policy initiatives involve the development of position papers which are submitted to the Sustainability Committee. Sustainability Committee members provide their input whenever they see the topic has possible areas of overlap with sustainability and climate change issues to ensure these are consistent with the Group's overall climate change strategy. [...] All LSEG responses to consultations (all topics including climate-related) are publicly available at https://www.lseg.com/about-london-stock-exchange-group/regulatorystrategy.

https://www.lseg.com/content/dam/lseg/en_us/documents/sustainability/lseg-2021-cdp-response.pdf

Describe the process(es) your organization has in place to ensure that your engagement activities are consistent with your overall climate change strategy[…]LSEG has a group-wide sustainable finance and investment (SFI) policy engagement strategy, which is aligned with the three pillars of our Sustainability Strategy. To oversee the implementation of our engagement strategy, we have in place an SFI Policy Working Group, which consists of a group of colleagues from across our business who focus on sustainability within their roles. This includes representatives from our group functions as well as our business divisions. The Working Group meets on a weekly basis, and oversees LSEG's senior-level policy, speaking commitments and thought leadership campaigns. For example, this group recently developed LSEG's policy paper, Mobilising capital for a sustainable global economy: the road ahead for disclosure rules, which sets out our global call for policymakers to introduce mandatory disclosure rules by 2025. LSEG also has a Sustainability Committee of senior leaders which is kept abreast of the SFI Policy Working Group's work and provides sign off on policy-related documents and papers where required.

CDP Questionnaire Response 2022

Does your organization have a public commitment or position statement to conduct your engagement activities in line with the goals of the Paris Agreement?[…]Yes

CDP Questionnaire Response 2023