Lobbying Governance
Overall Assessment | Analysis | Score |
---|---|---|
Moderate |
Magna International appears to have established some structured processes to govern its lobbying activities and ensure they align with its broader climate and sustainability strategy, though oversight responsibilities and climate-specific criteria are not clearly defined. In its Sustainability Governance Magna states that "Magna is committed to upholding the highest standards of integrity in our lobbying activities and political engagement" and emphasizes that it has "established a pre-approval procedure ('Disclose It' reporting system) for expenditures involving government officials," illustrating an approval mechanism for direct lobbying spend. The company further describes how "to ensure that our direct and indirect activities that influence policy are consistent with our overall climate change strategy, we frequently monitor/evaluate global regulatory developments," indicating a policy-alignment process that spans both direct and indirect engagement. It also notes that "if inconsistency is recognized it is corrected by senior management," signaling that deviations are addressed, and asserts that "a dedicated governance structure supports adherence to this strategy, with accountability assigned at the corporate level," though no specific individual or board committee is named to oversee lobbying alignment. However, while these elements demonstrate a commitment to aligning policy engagement with sustainability goals, we found no evidence of a detailed climate-specific lobbying review, nor a publicly disclosed audit or report on lobbying alignment with climate objectives.
View Sources
|
C |