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Overall Assessment |
Comment |
Score |
Comprehensive |
Investec has demonstrated a highly transparent approach in disclosing its climate lobbying activities. While some divisions provide general statements such as "continuous engagement with governments and regulators in our key markets," a more detailed disclosure is offered by Investec Wealth & Investment. This division clearly outlines its use of specific lobbying channels by detailing its participation in the "Climate Steering Committee," "Sustainable Finance Working Group," and "Disclosure Working Group," and by naming a targeted policymaking entity—the "National Treasury Department of Environmental Affairs." In addition, on policy engagement, Investec explicitly identifies its involvement with the "Johannesburg Stock Exchange (JSE) Sustainability and Climate Change Disclosure Guidance" alongside its commitment to frameworks and initiatives such as Climate Action 100+, the UN Global Compact, TCFD, and the Net Zero Banking Alliance. Furthermore, the outcomes sought are articulated with measurable objectives, including a detailed transition plan for Sasol by 2030, a commitment to net-zero emissions by 2050, medium-term decarbonization targets, and the promotion of a "Say on Climate" resolution. This comprehensive and specific disclosure indicates that Investec is fully committed to transparent and impactful climate lobbying.
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4
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Overall Assessment |
Comment |
Score |
Comprehensive |
Investec has demonstrated a comprehensive climate lobbying governance framework that clearly integrates detailed oversight, monitoring, and accountability measures across both direct lobbying activities and those conducted via trade associations. The company has published an annual lobbying report—as noted in its TCFD disclosures—that outlines how its lobbying positions are aligned with its broader climate goals, and it has established robust internal structures to monitor and enforce this alignment. For example, the evidence states that "the Board has the ultimate responsibility to monitor how well the Group is operating as a responsible organisation," while ultimate executive accountability is held by Fani Titi, whose stewardship is further supported by specialized bodies such as the DLC Social and Ethics Committee, the DLC Board Risk and Capital Committee, and the Group ESG Executive Committee. These mechanisms, together with automated ESG screening processes, detailed review cycles, and external assurance measures, illustrate a rigorously defined process that goes beyond general sustainability commitments. Although some documentation references broader ESG initiatives without specific details on lobbying governance, the in‐depth disclosures regarding a published lobbying report and direct oversight clearly substantiate Investec's strong and comprehensive approach to aligning its climate lobbying activities with established climate goals.
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4
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