Lobbying Governance
Overall Assessment | Analysis | Score |
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None |
Petra Energy Bhd’s disclosures focus entirely on sustainability governance and make no mention of any lobbying governance processes. While the company states that “the Board of Directors is the highest governance body that provides advisory and approves the sustainable development strategy and target” and that “the Sustainability Steering Committee will advise the Board and is responsible for driving sustainability strategy and reviewing sustainability progress throughout the reporting period,” and that “the Sustainability Working Committee is responsible for driving the implementation of sustainability initiatives and collaborating with various business units throughout the Group,” there is no reference to any policy, internal mechanism, oversight body, or individual responsible for monitoring, approving, or aligning direct or indirect lobbying activities. We found no evidence of a lobbying governance framework or any process to ensure alignment of policy advocacy with company goals.
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E |