Carabao Group PCL – Lobbying Governance & Transparency

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Lobbying Governance

Overall Assessment	Analysis	Score
Moderate	Carabao Group PCL discloses a defined system for keeping its climate-related public policy engagement in line with the Paris Agreement, demonstrating more than a token commitment but still leaving some elements unclear. It states that CBGs management system, which includes regular reviews and monitoring, helps ensure that its efforts are effective and consistent with the Paris Agreement and Thailand's Net Zero target, and explains that the management team works with the relevant internal teams to identify and address significant issues that might lead to policy adjustments, membership reviews, or suggestions to trade associations for better alignment with the Paris Agreement. A dedicated governance framework allocates clear responsibilities: the Executive level act[s] as a representative of the Company to engage with trade associations, public engagement activities in discussion on climate-related topics, the Company Secretary review[s] the alignment status for trade association and contribution on an annual basis [and] report[s] to Board of Directors, while the Sustainability Team regularly monitor and track the alignment status of member organizations and reports to the Sustainable Development Steering Committee. This indicates a formal process, annual reviews, a mechanism for addressing misalignment, and oversight that ultimately reaches the Board, all of which point to solid governance of indirect lobbying through trade associations and an intention to keep direct advocacy consistent with climate goals. However, the company does not disclose a stand-alone public report or third-party audit of lobbying alignment, and offers no specific examples of how its direct lobbying positions have been assessed or aligned, so the completeness and external transparency of the framework remain limited. View Sources	C

Overall Assessment

Analysis

Score

Moderate

Carabao Group PCL discloses a defined system for keeping its climate-related public policy engagement in line with the Paris Agreement, demonstrating more than a token commitment but still leaving some elements unclear. It states that CBGs management system, which includes regular reviews and monitoring, helps ensure that its efforts are effective and consistent with the Paris Agreement and Thailand's Net Zero target, and explains that the management team works with the relevant internal teams to identify and address significant issues that might lead to policy adjustments, membership reviews, or suggestions to trade associations for better alignment with the Paris Agreement. A dedicated governance framework allocates clear responsibilities: the Executive level act[s] as a representative of the Company to engage with trade associations, public engagement activities in discussion on climate-related topics, the Company Secretary review[s] the alignment status for trade association and contribution on an annual basis [and] report[s] to Board of Directors, while the Sustainability Team regularly monitor and track the alignment status of member organizations and reports to the Sustainable Development Steering Committee. This indicates a formal process, annual reviews, a mechanism for addressing misalignment, and oversight that ultimately reaches the Board, all of which point to solid governance of indirect lobbying through trade associations and an intention to keep direct advocacy consistent with climate goals. However, the company does not disclose a stand-alone public report or third-party audit of lobbying alignment, and offers no specific examples of how its direct lobbying positions have been assessed or aligned, so the completeness and external transparency of the framework remain limited.

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Lobbying Transparency

Overall Assessment	Analysis	Score
Comprehensive	Carabao Group provides an extensive, concrete picture of its climate-policy lobbying. It identifies several specific regulations it has engaged on – the Circular Economy Supporting Act, the Sustainable Packaging Management Supporting Act, forthcoming Thai emissions-trading arrangements, and the EU Carbon Border Adjustment Mechanism – demonstrating full transparency about the policy agenda it addresses. The company is equally clear about how it seeks to exert influence: it participates in seminars, formal legislative hearings and other discussions, works through named trade bodies such as the Thai Beverage Industry Association and the Federation of Thai Industries, and systematically tracks and reports the alignment of those associations’ positions to its internal Sustainable Development Steering Committee. Finally, it spells out the concrete results it wants: broader use of fully recyclable beverage containers and effective post-consumer collection systems, the establishment of a national emissions trading scheme, and alignment of industry association positions with Thailand’s Net-Zero goal and the Paris Agreement. Taken together, these disclosures show a high level of transparency across policies, mechanisms and desired outcomes.	A