Lobbying Governance
| Overall Assessment | Analysis | Score |
|---|---|---|
| Limited |
Ormat Technologies Inc. provides limited disclosure regarding its lobbying governance processes, particularly in relation to climate lobbying. The company mentions the development of a "Political Contributions and Activities Policy" in 2021, which aims to provide guidelines for political contributions, but it does not explicitly describe mechanisms for monitoring or aligning lobbying activities with its climate strategy. While Ormat highlights its involvement in climate-related advocacy, such as chairing the Geothermal Rising Policy Committee and deploying lobbyists to influence climate-related policies, there is no evidence of a structured governance process to ensure alignment between these lobbying activities and its climate goals. Additionally, the company has an ESG Committee at the Board level, which oversees environmental, social, and governance matters, but there is no indication that this committee specifically reviews or manages lobbying alignment. The evidence does not disclose any specific individual or formal group responsible for overseeing lobbying activities or ensuring their alignment with climate objectives. Overall, the governance framework for lobbying is not clearly defined, and there is no mention of processes such as periodic reviews, trade association alignment checks, or escalation criteria for misaligned lobbying efforts.
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