RealReal Inc/The

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Direct Lobbying Transparency

Overall Assessment	Comment	Score
Comprehensive	The RealReal provides highly detailed and specific disclosure of its climate-related lobbying. It names the exact bills it has tried to influence—H.R. 1512 “The CLEAN Future Act,” H.R. 2238/S. 984 “The Break Free From Pollution Act,” and California SB 707—clearly situating each within its circular-economy climate strategy. The company also explains how it lobbied, describing a Congressional briefing it hosted for House and Senate staff, direct meetings with “members of the House Energy and Commerce Committee,” outreach to “Senator Jeff Merkley’s (D-OR) staff,” and engagement with “the authors of CA SB 707” through the American Circular Textiles Group, thereby identifying both the mechanisms (briefings, meetings, coalition activity) and the specific policymaking targets. It is equally explicit about the outcomes it seeks: it “advocated for changes to the bill to incentivize secondhand purchases,” sought to “disincentivize harmful production and destruction practices,” and, while supporting CA SB 707, proposed expanding the legislation to “include reuse within the EPR scope” as “one of the most efficient ways to reduce emissions in the apparel sector.” Together, these disclosures demonstrate a comprehensive level of transparency across the policies engaged, the lobbying channels used, and the concrete legislative changes the company is pursuing to advance climate objectives.	4

Lobbying Governance

Overall Assessment	Comment	Score
Limited	RealReal indicates a public commitment to align its engagement activities with its climate change strategy, answering “Yes” to having a position statement “to conduct your engagement activities in line with the goals of the Paris Agreement.” It outlines that “we are advocating for legislation that supports the circular economy” and describes how “the company has aligned with state governments to publicly declare support for protection of the environment through consignment and resale,” including securing an “Executive Proclamation in support of resale and National Consignment Day” in New York and New Jersey. However, the company does not disclose any governance framework for these lobbying activities—there is no description of a board-approved policy or review process, no named senior executive or committee overseeing lobbying alignment, and no monitoring or audit procedure to ensure its advocacy remains consistent with its climate goals.	1