ICICI Securities Ltd – Lobbying Governance & Transparency

Sign up to access all our data and the evidence and analysis underlying our overall scores. Once you've created an account, we'll get in touch with further details:

Lobbying Governance

Overall Assessment	Analysis	Score
Limited	ICICI Securities discloses only rudimentary information on how it governs external advocacy in relation to climate issues. It notes that "Engagement activities are integral part of our overall climate change strategy" and that the "decision is taken by our ESG Forum regarding engagement with value chain members," which indicates there is at least an internal body with some responsibility for approving climate-related engagement. The company also confirms that it has "a public commitment or position statement to conduct your engagement activities in line with the goals of the Paris Agreement." However, the evidence stops short of describing any concrete process for monitoring or reviewing lobbying alignment, gives no detail on how direct or indirect lobbying is assessed, and does not identify any procedure for challenging misaligned trade associations; therefore, while the disclosures imply a high-level oversight mechanism, they provide limited transparency on the governance structures, controls, and accountability measures that would demonstrate a more robust lobbying governance framework. View Sources	D

Overall Assessment

Analysis

Score

Limited

ICICI Securities discloses only rudimentary information on how it governs external advocacy in relation to climate issues. It notes that "Engagement activities are integral part of our overall climate change strategy" and that the "decision is taken by our ESG Forum regarding engagement with value chain members," which indicates there is at least an internal body with some responsibility for approving climate-related engagement. The company also confirms that it has "a public commitment or position statement to conduct your engagement activities in line with the goals of the Paris Agreement." However, the evidence stops short of describing any concrete process for monitoring or reviewing lobbying alignment, gives no detail on how direct or indirect lobbying is assessed, and does not identify any procedure for challenging misaligned trade associations; therefore, while the disclosures imply a high-level oversight mechanism, they provide limited transparency on the governance structures, controls, and accountability measures that would demonstrate a more robust lobbying governance framework.

View Sources

Lobbying Transparency

Overall Assessment	Analysis	Score
Limited	ICICI Securities provides only a very limited window into its climate-related lobbying activities. The company notes that it holds “regular meetings with various regulatory bodies” and takes part in “industry bodies and forums to contribute to policy formation,” demonstrating that some mechanism for engagement exists, but it does not identify which authorities are approached or how these interactions are carried out in practice. It gives no examples of specific climate or energy-transition policies, laws or regulations it has tried to influence, nor does it outline any concrete positions or outcomes it seeks from its dialogue with regulators. As a result, the disclosure reveals general participation in policy discussions but lacks the detail needed to understand what climate policies are being lobbied, through what channels, and with what objectives.	D