Hulic Co Ltd

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Direct Lobbying Transparency

Overall Assessment	Comment	Score
Strong	Hulic provides a solid level of transparency about its climate-related lobbying. It identifies several concrete policy programmes it engages with, including participation in the Ministry of the Environment’s “環境省のモデル事業” for sustainability-linked bonds and advocacy for policy frameworks that enable “オフサイトPPA” and other measures to accelerate renewable-energy deployment and sustainable finance; these references allow readers to recognise at least two distinct policy initiatives that the company seeks to influence. The company also describes how it lobbies: it presented its climate initiatives directly to the “環境大臣” in 2021, takes part in government-led model projects with the Ministry of the Environment, and contributes to policy proposals through collective platforms such as the Japan Climate Leaders’ Partnership and the GX League—providing examples of both direct engagement and indirect, association-based activity and naming the governmental body it targets. Finally, Hulic is explicit about what it wants these efforts to achieve: policy support for “再エネ開発” (renewable-energy development), broader adoption of off-site PPAs, and expansion of “サステナビリティファイナンス,” all aimed at enabling the company to reach its RE100 commitment by 2025 and achieve zero-emission buildings by 2030. By linking its lobbying to these specific policy outcomes and corporate decarbonisation goals, the company demonstrates clear intent and rationale for its climate policy advocacy.	3

Lobbying Governance

Overall Assessment	Comment	Score
Limited	Hulic’s disclosures indicate limited governance around how it aligns its policy engagement with climate objectives. It notes that it “actively collaborates with relevant government agencies and industry groups” and ensures “no discrepancies or conflicts between each industry group and policies or the direction of our environmental efforts,” committing to “consult each other and respond appropriately” if views diverge. It also confirms a “public commitment or position statement to conduct [its] engagement activities in line with the goals of the Paris Agreement.” However, the company does not disclose any formal review process, monitoring mechanism, or specific individual or committee overseeing its lobbying or policy engagement, nor does it detail how it manages potential conflicts in trade associations or industry bodies.	1