Capitec Bank Holdings Ltd

Lobbying Transparency and Governance

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Direct Lobbying Transparency
Overall Assessment Comment Score
Limited Capitec Bank Holdings Limited provides only limited insight into its climate-related lobbying. The company’s reporting cites broad engagement with climate matters and mentions policy instruments such as the Draft Climate Change Bill B9-2022 and South Africa’s updated Nationally Determined Contribution, but it does not clarify whether it sought to influence these measures or any other specific legislation. No information is offered about how the bank interacts with policymakers or industry associations—there is no reference to meetings, submissions, letters, or other channels, nor are any target government bodies or officials identified. Similarly, the bank states high-level aspirations, such as alignment with the Paris Agreement and improved climate disclosure, but it does not spell out concrete policy changes it supports or opposes, or the reasons for any positions. As a result, while the company signals an interest in climate policy, it does not transparently describe the substance, methods, or objectives of any lobbying activity. 1
Lobbying Governance
Overall Assessment Comment Score
None Capitec Bank’s disclosures focus extensively on climate risk management and sustainability oversight, but we found no evidence of any governance process for lobbying or climate-related policy engagement. While the SESCO is “mandated by its charter to ‘monitor the company’s activities relating to social and economic development, good corporate citizenship and the environment’,” and the board “has the ultimate responsibility to ensure Capitec operates responsibly and sustainably,” there is no reference to the oversight, review, or management of either direct or indirect lobbying activities, nor any alignment of policy advocacy with the company’s climate goals. The evidence does not disclose any individual or committee responsible for reviewing lobbying, any process to monitor lobbying alignment, or any mention of trade association engagement. This indicates the company does not disclose a lobbying governance framework. 0