Lobbying Governance
| Overall Assessment | Analysis | Score |
|---|---|---|
| Moderate |
Dover discloses a defined, though still limited, governance structure that touches both lobbying oversight and climate-related external engagement. The Governance and Nominating Committee’s charter was amended to "provide for oversight of Dover’s practices on political contributions and lobbying expenses and reviewing annually Dover’s political contributions and lobbying expenses," demonstrating that a Board-level body reviews lobbying spend each year. Separately, the company states that, "Through Sustainability Steering Committee (SSC) and senior management engagement with leadership across our segments and geographies, we ensure awareness and alignment with Dover’s overall climate change strategy," and reiterates the same process for external engagement, indicating that climate-related advocacy is intended to be checked for consistency with the firm’s transition plan. Oversight responsibility is clearly assigned: the SSC is "comprised of Dover corporate and operating company leaders" and is chaired by the "Senior Vice President, General Counsel & Secretary," while the CEO is "responsible for managing ESG issues, including those related to climate change." However, the disclosure does not describe how the annual lobbying review evaluates the substance of positions taken, provide criteria for assessing alignment of trade-association lobbying, or cite any actions taken to correct or exit misaligned advocacy; thus the monitoring procedures and coverage of indirect lobbying remain unspecified. This indicates moderate governance: the company identifies oversight bodies and a stated process to align engagement with climate strategy, but it does not publicly detail a systematic climate-lobbying alignment review or outcomes.
View Sources
|
C |