Record PLC – Lobbying Governance & Transparency

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Lobbying Governance

Overall Assessment	Analysis	Score
Moderate	Record PLC’s sustainability framework provides that “Record's climate change strategy includes four pillars, one of which relates to climate-related engagement with our stakeholders,” demonstrating a policy intent to align its external interactions with its climate commitments. It further notes that “all of our engagement activities are in line with the goals of the Paris Agreement,” although it “doesn't have a public position statement on this and aim[s] to publish one in the next two years.” The company states that it participates in standards bodies such as “the UN PRI and the Investment Association” to engage indirectly with policymakers and trade associations, including support for making the TCFD a regulatory reporting requirement in the UK. Oversight of this engagement lies with the “Senior Sustainability Office,” tasked with “coordinating and aligning our engagements with our position on climate change,” which feeds into the Sustainability Manager and the Record plc Board. While this arrangement assigns clear ownership for aligning indirect engagement with climate goals, we found no evidence of a formal process for reviewing or managing those lobbying activities, nor any description of active management of direct lobbying in line with climate policy. View Sources	C

Overall Assessment

Analysis

Score

Moderate

Record PLC’s sustainability framework provides that “Record's climate change strategy includes four pillars, one of which relates to climate-related engagement with our stakeholders,” demonstrating a policy intent to align its external interactions with its climate commitments. It further notes that “all of our engagement activities are in line with the goals of the Paris Agreement,” although it “doesn't have a public position statement on this and aim[s] to publish one in the next two years.” The company states that it participates in standards bodies such as “the UN PRI and the Investment Association” to engage indirectly with policymakers and trade associations, including support for making the TCFD a regulatory reporting requirement in the UK. Oversight of this engagement lies with the “Senior Sustainability Office,” tasked with “coordinating and aligning our engagements with our position on climate change,” which feeds into the Sustainability Manager and the Record plc Board. While this arrangement assigns clear ownership for aligning indirect engagement with climate goals, we found no evidence of a formal process for reviewing or managing those lobbying activities, nor any description of active management of direct lobbying in line with climate policy.

View Sources

Lobbying Transparency

Overall Assessment	Analysis	Score
None	No evidence found	E