Lobbying Governance
Overall Assessment | Analysis | Score |
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Strong |
Molson Coors discloses a clear internal structure for overseeing lobbying and climate-related advocacy, indicating moderate governance. The company states that "the Governance Committee of our Board of Directors oversees corporate and political action and receives annual reports on political giving," while "our Chief Legal & Government Affairs Officer and Vice President - Government Affairs, in consultation with outside counsel, oversee all political activity." This named executive oversight is reinforced by the statement that "Molson Coors Leadership Team and Board regularly receive updates on advocacy activity and priorities" and that the Chief Legal & Government Affairs Officer "is a member of the ESG Leadership Steering Committee," suggesting a channel through which climate strategy and lobbying are connected. The updated 2021 Political Contribution Policy "outlines Molson Coors policies, procedures and philosophy regarding lobbying and advocacy efforts" and affirms that such engagement "will not be influenced by the political preferences of any individual director, officer or employee," demonstrating the existence of formal rules and a review requirement for contributions. Climate-specific alignment is addressed at a high level: the company actively seeks to engage policy makers in the area of both mitigation and adaptation and claims that the described oversight "guarantees the Companys engagement activities are consistent with our overall climate change strategy." However, the disclosures do not describe a detailed monitoring methodology, metrics, or periodic audit to test climate-lobbying alignment. We also found no evidence of a public climate-lobbying alignment report, third-party review, or examples of the company challenging or exiting associations whose stances conflict with Paris-aligned goals. Beyond disclosing its climate alignment with two trade associations (Beverage Industry Environmental Roundtable (BIER) and American Malting Barley Association (AMBA)) and noting that "trade association membership is subject to senior management approval and oversight", they do not demonstarte a process for monitoring or correcting trade association misalignments. Accordingly, while Molson Coors names responsible parties and references processes linking lobbying to climate strategy, the limited detail on monitoring mechanisms and indirect lobbying alignment indicates moderate rather than strong governance.
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B |