Hargreaves Lansdown PLC

Lobbying Transparency and Governance

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Direct Lobbying Transparency
Overall Assessment Comment Score
Moderate Hargreaves Lansdown provides a moderate level of transparency around its climate-related lobbying. It identifies one specific policy engagement – the FCA’s Sustainability Disclosure Requirements and Product Labels consultation – and locates that engagement in the United Kingdom, showing some clarity on what it is lobbying on, though no other climate policies are named. The company describes multiple, concrete lobbying channels, citing “responding to consultation papers,” “attending round table discussions,” “meeting with Treasury and FCA officials,” and “working with trade bodies to feed into their consultation responses,” and it names the targets of these efforts as the Treasury and the Financial Conduct Authority, offering detailed insight into both direct and indirect mechanisms and their audiences. On the desired outcomes, the disclosure only indicates general “support with minor exceptions” for the FCA requirements without explaining what changes it seeks, leaving the specific policy objectives largely undefined. Overall, the company shows clear detail on how and with whom it engages, but provides limited information on the breadth of policies addressed and on the precise regulatory outcomes it is pursuing. 2
Lobbying Governance
Overall Assessment Comment Score
Strong Hargreaves Lansdown PLC has implemented a clear governance process for climate-related policy engagement by requiring that “all our policy consultation responses and trade body engagement is agreed via our ESG Taskforce and is aligned to our ESG strategy,” which “focuses on providing clients with the tools, information and research to invest in line with their preferences and to be more climate risk aware in their portfolio.” The use of a formal ESG Taskforce to oversee and approve both direct lobbying (policy consultations) and indirect engagement (through trade bodies) indicates structured oversight and alignment with climate objectives. However, the company does not disclose the specific procedures or criteria the Taskforce uses to review alignment, no named individual is identified as responsible for climate lobbying governance, and there is no publicly available audit or report detailing how alignment is monitored and managed, leaving transparency gaps around the robustness of its processes. 3