Lobbying Governance
| Overall Assessment | Analysis | Score |
|---|---|---|
| Limited |
Lotte Wellfood discloses that it “is joining various organizations related to food industry with huge responsibility, such as FKI (Federation of Korean Industries), KFIA (Korea Food Industry Association), and KFCRA (Korea Aseptic Carton Recycling Association)” to channel collective views to government, and asserts that “these activities are consistent with following climate commitments and transition plan of Lotte Wellfood.” It underscores its public commitment to the Paris Agreement by declaring the “Statement on Environmental Management as standard of conduct for all employees” based on the UNFCCC framework and affirming “Yes” to conducting engagement activities in line with Paris goals. However, the company does not disclose any specific individual or formal body overseeing these external engagements, nor does it detail a formal review or monitoring process to align either its direct lobbying or its indirect advocacy through these associations with its climate objectives. We found no evidence of a structured process to ensure that policy positions taken through these associations are assessed against its climate objectives.
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D |