Power Corp of Canada

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Direct Lobbying Transparency

Overall Assessment	Comment	Score
Comprehensive	Power Corporation of Canada has demonstrated a comprehensive level of transparency in disclosing its climate lobbying activities. The company has clearly identified specific climate-related policies it has engaged with, such as the "CSA Notice and Request for Comment Proposed National Instrument 51-107 Disclosure of Climate-related Matters," "Prudence and Loyalty in Selecting Plan Investments and Exercising Shareholder Rights: RIN 1210-AC03," and the "Securities and Exchange Commission (SEC) proposed Enhanced Disclosures by Certain Investment Advisers and Investment Companies about Environmental, Social and Governance Investment Practices (File No. S7-17-22)." These disclosures include detailed descriptions of the policies, their focus, and the company's positions, ensuring transparency about the exact policies being lobbied. The company has also been explicit about its lobbying mechanisms, which include submitting letters to entities such as the CSA, the U.S. Department of Labour, and the SEC, as well as participating in consultations with the ISSB. It has identified specific targets, such as the "Securities and Exchange Commission (SEC)," "Department of Labour (DOL)," and "CSA," demonstrating clarity in both the mechanisms and the entities engaged. Furthermore, Power Corporation of Canada has been transparent about the outcomes it seeks, such as supporting the integration of the TCFD's recommendations into SEC rulemaking, advocating for neutral and balanced ESG frameworks under the Department of Labour's proposal, and providing detailed recommendations to improve disclosure frameworks for ESG-focused funds. These efforts align with the company's broader climate strategy and goals, such as promoting transparency and supporting net-zero commitments. This level of detail and alignment with global climate goals illustrates the company's comprehensive approach to disclosing its climate lobbying efforts and objectives.	4

Lobbying Governance

Overall Assessment	Comment	Score
Strong	Power Corporation demonstrates a strong governance process for climate lobbying alignment, as evidenced by the oversight provided by the CSR Lead to ensure that both direct and indirect activities influencing public policy align with the Corporation's responsible management strategy, including climate change topics. Additionally, Lifeco conducts an annual review of its direct and indirect public policy activities, overseen by the Community Relations Department, to ensure consistency with climate strategies and assess support for organizations addressing climate change and sustainability. Furthermore, IGM's engagement activities are governed by the IGM Executive Sustainability Committee, which includes senior executives, and the Mackenzie Sustainability Committee, led by the Head of Sustainable Investing, ensuring alignment with climate strategies through oversight and review of ESG-related policies and commitments. These disclosures highlight clear monitoring processes, alignment policies, and identification of responsible parties, indicating strong governance mechanisms for climate lobbying alignment.	3