Lobbying Governance
| Overall Assessment | Analysis | Score |
|---|---|---|
| Moderate |
Paramount Group has established a governance framework for integrating political engagement within its climate change strategy by vesting oversight in its Audit Committee and Sustainability Committee and naming specific leadership for these functions. As the company explains, “Our Sustainability Committee consists of a diverse group of leaders from each department including our Senior Vice President, Energy and Sustainability,” and “the committee is chaired by Gage Johnson, our Senior Vice President, General Counsel and Secretary and operates under a formal charter, reporting on a regular basis to our Audit Committee, which the Board has vested with oversight responsibility for all environmental and social matters, including sustainability, climate change.” The company further notes that “Paramount’s Board of Directors vested the Audit Committee with oversight over Environmental and Social matters and considers climate-related issues when reviewing financial statements and disclosures,” and that “the Audit Committee is responsible for assessing and managing climate-related risks and opportunities.” Paramount states that “political engagement activities are aligned with the Company’s overall climate change strategy” because “decision making over both Environmental and Social matters and political engagement activities fall within the same governing structure.” There is also “management-level oversight across all departments … as outlined in our publicly-available Political Spending Policy,” and the company confirms a public commitment to conduct engagement “in line with the goals of the Paris Agreement.” While this demonstrates a moderate level of governance—providing clear ownership, a formal committee structure, and an explicit policy for political spending—it does not disclose how individual lobbying initiatives or trade association memberships are reviewed, monitored, or audited for alignment with climate objectives, nor does it cite any periodic assessments or third-party reviews of its lobbying activities.
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